Rakesh Jhunjhunwala Headlines

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 ...

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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 ...

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

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.

Rakesh Jhunjhunwala's Topgrup plans for a IPO

Rajesh Singla

Security services provider Topsgrup, which counts billionaire investor Rakesh Jhunjhunwala and private equity funds ICICI Venture and Everstone Capital among investors, is planning to raise 400 crore through an initial public offering , or IPO, in six months, according to investment bankers with knowledge of the company's plans to raise funds.

Lunch with Rakesh Jhunjhunwala is a Few Clicks away

Rajesh Singla

Last year, Auction for Lunch with Rakesh went higher than the Auction for lunch with Sachin & Amitabh. The person will get an exclusive lunch date of 3 hours with the Ace investor. Be ready to bid in November.All it takes is a few mouse clicks on online market place eBay India, though you should be ready to shell out thousands of rupees for an invite.

How Stock Market will behave in 2011?

Rajesh Singla

What Biggies think how Stock market should behave in 2011. After the Budget, what are the challenges for the Indian equities & how it should be overcome. Must read for the people who are in learning phase of Stock Investing. Some great Insights shared by Rakesh Jhunjhunwala, Madhu Kela & Akash Prakash.

Rakesh Jhujhunwala Portfolio in March,2011

Rajesh Singla

Last Month, he sold his majority stake in Orchid Chemicals & Punj Lloyd in February,2011. From the Past Few Months, his moves haven't turned out to be very fruitful. Another example to prove this will be A2Z Maintenenance IPO also. Let us look at the Portfolio of Rakesh Jhunjhunwala & his Enterprise.

Rakesh Jhunjhunwala sells Large Stake in Orchid Chemicals

Rajesh Singla

Maverick investor Rakesh Jhunjhunwala has cut his stake in Chennai-based Orchid Chemicals and Pharmaceuticals, barely over four months after entering the firm. His investment arm Rare Enterprises has sold 0.85 per cent stake in the company for about Rs 16.47 crore.

Why Rakesh Jhunjhunwala Sold its Majority Stake in Punj Lloyd Yesterday

Rajesh Singla

Rare Enterprises sells 26.5 lakh shares at Rs 65.29 on Wednesday. With this Rakesh Jhunjhunwala Stake in the Company reduces to 11.4 Lac Shares. Earlier, Rakesh Jhunjhunwala held 37.9 Lac Shares in the Company.

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