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Rakesh Jhunhunwala buys stake in Escorts

Rajesh Singla

  Rakesh Jhunjhunwala, known for his contra bets, seems to have turned bullish on Autos as he recently bought over ...

warren-buffett

What is the latest pick by warren buffet?

Rajesh Singla

Unfazed by predictions of the death of newspapers, billionaire Warren Buffett is pumping more money into print. Buffett said he ...

http://stockssavvy.com

Rakesh Jhunjhunwala chopping and changing his portfolio

Rajesh Singla

Amid weakening stock markets, billionaire investor Rakesh Jhunjhunwala seems to have been on a shopping spree and has hiked stakes ...

http://stockssavvy.com

Warren Buffet diagnosed cancer

Rajesh Singla

Diagnosis of cancer to Legendary investor, Warren Buffet comes as a shock to the investors and business tycoons. Warren Buffet  ...

Portfolio of Amitabh Bachchan

Rajesh Singla

Do you know what stocks Amitabh Bachan hold? When everyone is running away from the stock markets anticipating low levels, he is steadily buying stocks. Amitabh Bachchan has invested in small and mid-sized companies as well when it comes to stock market purchases, and is sitting on losses on some of his recent investments.

Warren Buffet invests in service technology major IBM

Rajesh Singla

Warren Buffett - one of the world's most closely watched investors - has disclosed building a 5.5% stake in IBM. Mr Buffett's Berkshire Hathaway fund started buying shares in the firm in March, eventually spending around $10.7bn (£6.7bn). What does this acquisition means for other Service Provider companies such as Accenture & Indian Tech companies such as TCS, Infosys, Cognizant & Wipro?

Markets should not tank more than 10% from here on:Rakesh Jhunjhunwala

Rajesh Singla

Earnings forecasts for US companies are starting to feel the pain on Wall Street and in the broader economy as the odds of another recession rise. But billionaire investor Rakesh Jhunjhunwala feels that investors should capitalize on the Indian growth story. According to him, two things might work in favour of the markets. 1. Good monsoon and a fall in commodity prices. 2. If inflation can be tackled, commodity prices would come down further and India will likely see a “peaking of interest rate hike. And if interest rates come down, India will do very well.” Markets across the world are tanking. Financial and investment gurus are talking about a double-dip recession. Greece is on the verge of a default and the fall of Eurozone is on everyone’s mind. Indian equities have reacted in sync with their global counterparts and Europe’s debt problems have resulted in further selling of stocks this week. Foreign institutional investors have pulled out nearly $22.39 million worth funds in the week ended Friday, and the market is already down 200 points today. However, Jhunjhunwala believes the market should not drop more than 10 percent from current levels. “The near-term expectations are that it [Nifty] will not break the last bottom, which was around 4700-4750,” he reiterated. Bullish on Indian equities Jhunjhunwala said, “We have good economic growth, vast savings and under exposure to stock markets. Forget whether the foreigners will buy Indian equities — what choice do the foreigners have? Will they invest where the growth is 1 percent or will they invest where growth is 9% ” He further said with good economic growth and trading systems India has efficient supervisions. “You are creating the institutions by which you channelize money into the stock markets, which are mutual funds, insurance. Then why is money not flowing into markets?”

What is Rakesh Jhunjhunwala next pick?

Rajesh Singla

Billionaire investor Rakesh Jhunjhunwala is leading a Rs 78 crore investment in SKIL Infrastructure-owned Pipavav Defence & Offshore Engineering (formerly Pipavav Shipyard) through convertible warrants. Rakesh and Rekha Jhunjhunwala will pick up 5 million warrants each while Utpal Sheth, a partner at Rare Enterprises(the privately held firm of the ace investor) will also buy 5 lakh warrants worth Rs 3.9 crore. These warrants, subscribed at Rs 78 each, are convertible in 18 months. Jhunjhunwala along with his wife will hold a 1.35 per cent stake in Pipavav after conversion of all the outstanding securities(including current issued shares and outstanding convertibles).

What the Big tanks Samir Arora & Rakesh Jhunjhunwala are thinking about market?

Rajesh Singla

Views of Samir Arora of Helios Capital on Market outlook for the 2012 & ahead on Indian stock market & World stock market & the impact of US downturn on Indian Economy. India is likely to witness volatility over the next few days and the market may trade lower. However, the impact of US credit rating downgrade on the Indian market will not prolong beyond a day or two. At worse, we expect a 5-7% downward impact on the domestic market. Rakesh Jhunjhunwala says that India may take 3-4 years to set the base, but the country is ultimately going to grow in double digits

Rakesh Jhunjhunwala Latest Portfolio in August,2011

Rajesh Singla

In 2010, Forbes rated him India’s 51st and the world’s #937 richest man with wealth running into billions. Jhunjhunwala entered the market in 1984, when he was 25, with a mere Rs 5,000 investment in the iron-ore exporter Sesa Goa. Three years later, he turned that amount into 10 million rupees. Rakesh Jhunjhunwala has a total net worth of approximately Rs 6000 crore along with his wife Rekha Jhunjhunwala.

Rakesh Jhunjhunwala sells 300 crores shares in Lupin, Reshuffles his protfolio

Rajesh Singla

The shares of Mumbai-based drug maker Lupin declined after the company revealed that billionaire Investor Rakesh Jhunjhunwala has sold his shares in the company worth more than Rs 300 crore in the first quarter. After selling the stake in Lupin, Rakesh Jhunjhunwala’s holding in the company declined 1.73% or 77 lakh from March 31. The decline was reported from the company’s shareholding pattern available on the Bombay Stock Exchange website. As on June 30, Jhunjhunwala's stake in Lupin was down at 1.73%, or 77 lakh shares, from 3.22% or 1.43 crore shares at the end of March, the company said in a disclosure to the bourses. In the first quarter, the savvy investor cut his holding in Lupin by 66.6 lakh shares, or 1.49%, which is currently worth more than Rs 300 crore. The price at which the shares were sold could not be ascertained. Rakesh jhujhunwala to buy 1 crore shares in Sterling Holiday

Pledge Shares – Rope tied to kneck of a hanging person

Rajesh Singla

Pledged shares have once again become a very bad word. And what was being viewed as merely a ploy by bear cartels, is catching wind and threatens to blow into a raging fire. Why this sudden news about pledged shares? The worry is that in companies where promoters have pledged more than 25% of their shares, there is a possibility that given the low prices, the promoters might opt to sell out. Traders say that there is a bear cartel too at work. How this works is that by floating negative news, they hammer down the future prices, which in turn naturally, gets down the stock prices too. And when stock prices crash, promoters with pledged could get margin calls from the lenders with whom they have pledged shares. Pushed into the corner, promoters have only two options – either repay a part of the loan or get more collateral by pledging more shares. If they do either, they manage to save the day. But when they are not able to do either, the lender is then forced to dump the shares. This brings down the stock price further. And this is precisely what the bear cartel wants – they will go home with a neat pile of profits. Take the case of S Kumars. The promoters have pledged 83.06% of their stake with a bevy of nationalized banks. Rumours were abound that they might sell off the shares. The stock was down yesterday by 12%, falling almost 28% in intra day. Ditto with Orchid. 79.9% promoter’s stake is pledged and the stock was battered down 11%, falling 18% during intra day. There were others too – Suzlon, Unitech, Pipavav, India Cements, Ansal Properties and many more. There are around 210 companies where promoters have pledged more than 50% stake of which, during the last one week, 49 fell more than 10%, 15 have fallen more than 15% and four have fallen over 20%.

How Ramesh Damani see Market panning out in 2011?

Rajesh Singla

The Nifty has been through a tough week. Inflation is still heavy and RBI’s move to hike interest rates by 25 bps with a flat global market scenario has made Nifty nervous, pushing it down significantly. However, Ramesh Damani, member of BSE tells CNBC-TV18 that he sees no ‘sharp fall’ in the Indian markets. “The Market has already factored in the Greek default. There are no real signs of speculative froth in Indian markets,” says Damani. Defying to side with the collapse sentiment, Damani says, “I don’t see the Nifty going towards 4,800 levels.” Further, on the retail side, he sees disenchantment among the investors. He says most IPOs have resulted in losses. While investors are yet to recuperate from the losses made in IPOs, even public sector follow-on public offers have faired miserably at the bourses. He says that barring Coal India , no other public sector scrip has managed to create wealth for investors. Cherry picking stocks, he expects Dabur , ITC and HUL to ‘play catch up’, and is bullish on Akzo Nobel and broadly on the cable TV space.

Rakesh Jhunjhunwala on selling Spree: Cuts stakes in 9 Major Companies

Rajesh Singla

Rakesh Jhunjhunwala, has cut stakes in nine portfolio companies (Adinath Exim Resources, Agro Tech, Geometric, IFCI, Kajaria Ceramics, NCC, Punj Lloyd and Srei Infrastructure). The ace investor, who holds stakes in his wife Rekha’s name as well, has bought fresh shares in two portfolio companies (Lupin and Titan) during the recently concluded March quarter.

Rakesh & Rekha Jhunjhunwala Portfolio in April,2011

Rajesh Singla

Rakesh Jhunjhunwala "India's Warren Buffett" net worth 1.2 Billion $, India’s 51st & World’s 993rd richest. Let us look the Portfolio in April,2011. There was a link on Moneycontrol in March where they have given a portfolio but I saw lot of discrepancies in the Holding. Those numbers are not updated. After it was shared on the Financial Portal, it was shared on different websites.

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