Mumbai: Billionaire investors Rekha and Rakesh Jhunjhunwala‘s investment in IPO-bound Star Health and Allied Insurance jumped almost fivefold in two-and-a-half years to ₹8,500 crore, based on the upper end of the price band. Star Health is set to become the second-biggest stock in their portfolio of listed companies after Titan, with nearly 25% of the … Read more
MUMBAI: Nazara Technologies has been one of the standout stocks of the past 12 months. Since its listing earlier this year, it has been a multibagger. Backed by veteran investor Rakesh Jhunjhunwala, the gaming technology company had caught investors’ imagination over the past nine months. In recent weeks, though, the stock has been down in … Read more
MUMBAI: Jubilant Ingrevia, a portfolio stock of Rakesh Jhunjhunwala, is being backed to set the Street alight over the next year as investors may rerate the stock because of its compressed valuations to peers despite high earnings per share growth potential. Brokerage firm Edelweiss Securities recently initiated coverage on the stock with a buy rating … Read more
NEW DELHI: Ace investor Rakesh Jhunjhunwala‘s biggest stock bet Titan Company added Rs 17,770 crore to its market capitalisation within 10 minutes into Thursday’s trading, taking the value of Jhunjhunwala’s stake in the company up by over Rs 850 crore. Titan shares hit a record high of Rs 2,347 on BSE, up 9.32 per cent, … Read more
MUMBAI: One of India’s richest investors, Rakesh Jhunjhunwala, on Friday acknowledged that there is a lot of skepticism for his latest entrepreneurial venture, Akasa Airline, but he is hopeful. “I see a lot of skepticism for the airline, but I am hopeful about it,” he told India Today in an interview. Jhunjhunwala, who is referred … Read more
MUMBAI: By all means, Calendar 2021 has turned out to be a strong year for India’s richest investor Rakesh Jhunjhunwala. The Big Bull has seen the value of his publicly-known portfolio rise 36.1 per cent in 2021 so far, outperforming the Nifty500 index, which has risen 30 per cent. Indian stocks are on a tear … Read more
As the second wave of the pandemic hit the economy and various businesses, wellknown investors of Dalal Street loosened their purse strings to buy some beaten-down stocks. These stock pickers, whose purchases and sale of stocks are tracked by market participants, raised their bets or bought afresh shares of fi nancial, metal and textiles companies … Read more
New Delhi: Rakesh Jhunjhunwala-backed Start Health and Allied Insurance Company has filed a draft red herring prospectus (DRHP) with Sebi for an initial public offering. The initial stake sale will consist of issuance of fresh equity shares aggregating to Rs 2,000 crore and offer for sale (OFS) of up to 60,104,677 equity shares by the … Read more
NEW DELHI: Ace investor Rakesh Jhunjhunwala, who recently reduced his stake in Titan, says cyclical stocks and the most battered smallcaps and midcaps will outperform favoured blue chips like HDFC and Titan over the next 4-5 years. “If you look at the valuations of cement stocks and metal stocks, and if you look at the … Read more
NEW DELHI: Riding on the upbeat market sentiment, as many as five companies are set to come out with initial public offers this week to raise an estimated Rs 3,764 crore. The companies are expecting to benefit from an equity market which is flush with liquidity and has seen a sharp increase in new retail … Read more