The healthcare company, in its conference call, said price erosion in the US is likely to continue and that may be 7-8 percent. This is far less than its peers that expect in double digits.
The Big bull of D-Street says the Indian economy is on the threshold of major growth and the NPA problem is likely to be resolved in 12-14 months.
Ace investor Rakesh Jhunjhunwala of RARE Enterprises who holds close to 9 percent stake in Titan Company along with his wife Rekha Jhunjhunwala expressed his concerns about flat margin as well as the poor payout ratio.
Speaking at a panel discussion during the Mission Prosperity launch event, Ridham Desai, Head of India Equity Research and India Equity Strategist at Morgan Stanley, said that if you are willing to give up your monthly salary, then mutual funds can make you as wealthy as Rakesh Jhunjhunwala.
In an interview to Ramesh Damani, Member BSE, Amitabh Sonthalia of SKS Capital shared his reading and outlook on the market.
In a filing to the BSE, Jhunjhunwala said, "On February 14, I along with persons acting in my concert (Rekha Jhunjhunwala) have sold 42.50 lakh shares (4.20 percent) of Intellect Design Arena".
Tata Motors‘ declared a dismal set of quarterly numbers yesterday, with consolidated profit falling 96 percent year-on-year to Rs 112 crore.
Rekha Rakesh Jhunjhunwala also sold 32,30,000 shares of the company at Rs 120.44, out of 37,50,000 shares she held as on December 2016.
There is no doubt that the Indian equity market is in a structural bull market that has the potential to create wealth for investors is the word coming in from Vikas Khemani, President & CEO, Edelweiss Securities.
The Serious Fraud Investigations Office (SFIO) has written to Kotak Mahindra Bank seeking documents related to the bank‘s acquisition of 15 percent stake in Multi Commodity Exchange in July 2014, sources told Moneycontrol.
Insync Capital, wherein Rakesh Jhunjhunwala is a partner, has bought 2,95,153 shares at Rs 102.08 in the company, while it sold 153 shares at Rs 113.10 on December 20.
The man with the midas touch, Rakesh Jhunjhunwala seems to have lost his shine this year. His stock holdings remained flat in 2016 as he was let down by the performance of the heavyweights of his portfolio.
In a conference call with management, Jhunjhunwala said that demonetisation is positive for Tanishq (Titan‘s retail jewellery brand) in the longer run and hence expects consumer behaviour to return to normal soon.
The total cost of the venture is expected to be around USD 60 million. The company has so far raised USD 15 million and is in talks with investors to raise more funding.
In a filing to the BSE, Jhunjhunwala said "between February 3, 2015 to November 17, 2016, I along with persons acting in my concert (Rekha Jhunjhunwala) have purchased 57.50 lakh shares (2.49 percent) of Delta Corp Limited".
As on September 2016 shareholding pattern, Rakesh Jhunjhunwala held 5 percent stake and his wife Rekha Jhunjhunwala held 4.76 percent in the company.
In the latest edition of Wizards of Dalal Street, on CNBC-TV18, Amit Goela, Partner at Rare Enterprises, talks about his experience working at the financial companies, working with Rakesh Jhunjhunwala and working with Reliance.
Market‘s â€˜Big Bull‘ Rakesh Jhunjhunwala is confident that an economic recovery is at India‘s doorstep on the back of several factors including a slew of government‘s initiatives and a good monsoon.
Asserting that over a period of time investors look for scale, sustainability and maturity in companies, Hiren Ved of Alchemy Capital said that great companies going through difficult times can be the best bets.
In an interview with CNBC-TV18, Satpal Arora, MD of Tourism Finance Corporation of India (TFCI), talked about the state of business and the outlook ahead.
On the occasion of Daan Utsav, CNBC-TV18's Varinder Bansal caught up with Rakesh Jhunjhunwala for a quick update on where his current charity activities stand and understand his philosophy on the act of giving.
He's called the Big Bull, and he definitely has a bulging wallet, which gets bigger and bigger with each passing year. Rakesh Jhunjhunwala's net worth now stands at Rs 10,000 crore â€” that‘s equal to basketball legend Micheal Jordan's net worth.
"From the period from August 9 to September 7, I along with persons acting in my concert have purchased 16,03,740 equity shares of the company," Rakesh Jhunjhunwala said in company's filing.
State-run IDBI Bank has got over 10 bids for its 3 percent stake in IPO-bound NSE, the country's largest stock exchange.
In earnings' conference call, Jhunjhunwala who currently holds 1.12 percent stake in the company threw a volley of questions to the management. The big bull raised questions on Aurobindo Pharma's finance cost, capex, rationale behind investment in vaccines, product launch, potential revenue growth and its fund raising plans.