Contrary to the broader trend, a few investors recorded gains. Radhakishan Damani’s portfolio rose by 13 percent during the March quarter, driven by a recovery in Avenue Supermarts, which surged over 14 percent after a sharp correction of over 30 percent in the previous quarter.
Damani’s portfolio fell by 20 percent, declining from Rs 2 lakh crore in December 2023 to Rs 1.63 lakh crore. The drop is on account of a correction in Avenue Supermarts stock price and reduced holdings in VST Industries.
Morgan Stanley has given an 'equal-weight' rating to Federal Bank with a target price of Rs 165 per share. The lender's Q4 business update indicates positive trends, with continued growth in both loans and customer deposits, the brokerage said.
Concord Biotech's financial landscape has undergone notable shifts, with operational margins stabilising around 40-42% in 2023.
Rekha Jhunjhunwala now owns 1.17% stake, or 24.50 million, shares in the Kochi-based Federal Bank
Jhunjhunwala feels that even though the GDP may be negative this year, but the stock market may not be as impacted by the economic contraction.
Macros have now turned favorable for Indian markets which will act as a big tailwind going forward, the big bull said in an interview to CNBC-TV18
Amid regulatory headwinds from the USFDA and pricing pressure back in India, Jhunjhunwala asked about growing consolidation on the buying side in the industry and can it also extend towards sell side consolidation.
In an exclusive interview to CNBC-TV18's Udayan Mukherjee, Jhunjhunwala, however, red-flags the Indian banking sector for its alarming levels of bad debts.
Ace investor Rakesh Jhunjhunwala today acquired 5 lakh shares of Compucom Software Ltd in a deal worth Rs 1.25 crore through open market transaction.