Jhunjhunwala is also optimistic on the story of financial savings and feels that large part of savings being invested into equity has just started.
Much like the famed Buffett, Jhunjhunwala has made a fortune from some savvy investments - Forbes magazine puts his net worth at USD 2.6 billion, ranking him 53rd on India’s rich list.
Prakash Industries announced the demerger scheme between the company and Prakash Pipes today.
EU formulations contributed 25 percent to the total revenue registering a growth of 18.1 percent to a Rs.831 crore, led by an acquired business that has seen profitability during the year on the back of increased focus, product pruning and cost efficiencies.
The big bull of D-Street who has been a firm believer in the India story thinks that bull market corrections are severe and short-lived.
InterGlobe said it expected capacity to grow at a compound annual growth rate of about 20 percent for 2018 to 2020.
If you are trading with very little money, then every trade that you take will appear to be too risky. The climb back to where you started will (in terms of capital) will be a Herculean task.
According to the Jaiprakash Associates' shareholding pattern for the quarter ended June 2017, Rakesh Jhunjhunwala has bought 1.03 percent stake (2,50,00,000 equity shares) in the company during April-June quarter.
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.