Ace investor and founder of Rare Enterprises said no-growth earnings phase is nearing its end.Pharma rally to get healthier says Rakesh Jhunjhunwala
In conversation with the Jury of ETPrime Women Leadership Awards 2020, Rakesh Jhunjhunwala, Partner, Rare Enterprises. The ETPrime Women Women Leadership Awards is unarguably India’s definitive awards conferred upon women leaders who exemplify the spirit of excellence, innovation, and entrepreneurship.ETPWLA 2020: Rakesh Jhunjhunwala on his leadership philosophy
Any sudden jump in gold price is detrimental for jewellery volumes, as consumers delay purchases, waiting for a correction.
Mutual fund houses also hiked their stake to 10.40 per cent during the January-March quarter.
Apart from its home market, the company has also launched Fast&Up in the United Arab Emirates, Europe and the UK, and expects to launch in the United States over the next few months.
Lakshminarayanan said that Covid-19 has impacted its deal pipeline, delaying conversions and is hopeful that the second half of FY2021 will be better than the first. He added that high debt continues to be a problem and the company is looking at various options to bring it down, including infusing equity, paring investments and selling its land parcels.
Data showed shares of Delta Corp and Avenue Supermarts climbed 5% each in today’s trade.
JPMogran is ‘neutral’ on the stock with a price target of Rs 1,020.
‘I believe we are in the start of another bull market’
‘My portfolio has done wonderfully well since 2009. Markets have not given return only in last three years since 2017-18’
‘Life is going to go back to normal faster than you think’
The ace investor believes India is at the cusp of witnessing the mother of all bull runs.
Pandemic dents luggage firm VIP Industries’ March quarter sales by Rs 120 crore.
Analysts have already cut FY21 EPS estimates for the stock by up to 50 per cent.
Some 16 BSE500 stocks saw over 200 basis points jump in HNI stake in March quarter.
Domestic stock investors had lost over Rs 12,90,000 crore equity wealth in this selloff.
Shares of Titan traded 1.06 per cent down at Rs 957 in Wednesday’s early trade.
Sebi issues summons to investor Jhunjhunwala, some family members and Aptech directors.
Ace investor Rakesh Jhunjhunwala, who sees a big stirring happening in midcap and smallcap stocks, said that the market breadth has improved in the last two months. In an interview with ET NOW’s Managing Editor Nikunj Dalmia, Jhunjhunwala said there is no reason to believe that the ongoing rally is fuelled only by largecaps.Mid & smallcap will outdo largecaps in 2020: Rakesh Jhunjhunwala
Big Bull Rakesh Jhunjhunwala says Mid- & smallcap will outdo largecaps in 2020. He said that the market breadth has improved in the last two months. In an exclusive interview with ET NOW's Nikunj Dalmia, Jhunjhunwala talked on various issues ranging from Budget wish-list, Tata vs Mistry, bubble asset and sectors to bets. Listen-in!!!Rakesh Jhunjhunwala's top predictions for 2020 | Full Interview
Stocks fell on Friday after RBI Guv Shaktikanta Das refrained to offer any estimate for GDP.
Analysts are anticipating a deep impact on the economy and growth because of the lockdown.
Mutual Funds hiked their holdings to 15 per cent from 13.56 per cent in this stock.
Starting with just Rs 5,000 in his pocket in 1985, Rakesh Jhunjhunwala has scripted one of the biggest success stories on Dalal Street. According to Bloomberg Billionaire Index, Big Bull’s net worth stood at over $2.5 billion (Rs 17,500 crore) at the end of August, 2019. Often referred to as India’s own Warren Buffett, the Big Bull owns more than 1 per cent in over 30 stocks, valued at over Rs 13,000 crore. Let's take a look at the top 10 stocks of the ace investor:
Ashish Kacholia was seen adding shares in a number of his portfolio stocks.
Jhunjhunwala bought 27.85 lakh shares of IIFL Securities on Thursday at an average price of Rs 42.83 per share, according to the BSE bulk deal data. The total value of the purchase is about Rs 12 crore.
IIFL Securities debuted on exchanges on September 20 last year after demerger. Last year, financial services firm IIFL Holdings announced demerger of its finance, wealth and capital business into three separate entities and listed them on bourses.
There has been a 35-40% decline in in-patient admissions due to the lockdown.
Big Bull Rakesh Jhunjhunwala held 32 stocks with a net worth of Rs 12,919.50 crore.
India VIX, the fear gauze of the market, gained 2.46 per cent to 64.47 indicating heightened expectation of volatility in the days ahead.
I think there will be lot of policy announcements in the Budget, says ace investor Jhunjhunwala.
When market is at an all-time high, there is no manipulation and there is no participation.
Next round of funding in YES Bank will likely see the participation of overseas investors.
ICICI, HDFC Bank, Axis, Kotak, Jhunjhunwala, Damani and Azim Premji Trust likely to pick up stake in private lender.
ICICI, HDFC Bank, Axis, Kotak, Jhunjhunwala, Damani & Azim Premji Trust may pick up stake in private lender.
On Monday, CEO & MD Ravneet Gill, said the bank has received total bids worth $3 billion.
Out of 30-odd stocks in Big Bull’s portfolio, 26 failed to beat Sensex return during the year. Among his portfolio stocks, DHFL tumbled 94 per cent, Mandhana Retail fell 68 per cent, DB Realty 67 per cent, Autoline Industries 58 per cent, Prakash Industries 50 per cent and Bilcare 48 per cent.
Celebrity life, in the eyes of a fan, might be all about glitz and glamour. However, it's only when they see beyond the silver screen, when realisation strikes that celebs ain't no different. Actress Kareena Kapoor Khan, born and brought up in a typical Hindu-Punjabi household and married in a Nawab family, too, is quite relatable in that respect. For the tinsel town diva, stepping into a royal household came at a cost, which, she felt, was not too big to worry about.In a recent interview with markets expert Rakesh Jhunjhunwala, who is also the owner of Rare Enterprises, the 39-year-old opened up about her life in the Pataudi palace, as the 'Begum' and as the mother of a Punjabi-Muslim kid Taimur. Bebo talks Pataudi with Rakesh Jhunjhunwala; thanks hubby Saif for life lessons
Market's Big Bull in conversation with Bollywood superstar on humanity and things that matter.
Jhunjhunwala said there is a buying opportunity in this market.
RARE Equity, HDFC Life and ICICI Prudential have been shortlisted from a list of suitors.
I have never seen such volatility, but selectively the market has bottomed out.
Ace investor Rakesh Jhunjhunwala says the continued gloom in the Indian stock market is unprecedented, but hoped that there will soon be light at the end of the tunnel. Jhunjhunwala, referred to as the Big Bull of Dalal Street, maintained his bullish view on the Indian economy, and said there is gloom and doom for those that have an incorrect business model. But, he says he continues to bat on the front foot amid the ongoing market correction. Watch the full interview.Is gloom and doom over for Indian economy? Big Bull Rakesh Jhunjhunwala answers
Jhunjhunwala projected India’s GDP growth to touch 9 per cent by 2022-2023.
Rakesh Jhunjhunwala's rags-to-riches story has been truly inspirational!
The promoters of BNHL are Sayaji Hotels, Sayaji Housekeeping Services, Kayum Dhanani, Raoof Dhanani and Suchitra Dhanani.
Ace stock market investor says IHH Healthcare's open offer for Fortis is fair and should be allowed.
Big Bull said indicators were pointing towards a turnaround, but it will be slow.
It would be better if the government abolishes long-term capital gains tax, said Jhunjhunwala.
What are the top things investors would be looking out for in this Budget?
Markets are going to go circular. They are going to take time. But the bottoming out process will start.
Has government done the right thing by not busting the fiscal? Speaking to ET NOW's Nikunj Dalmia Rakesh Jhunjhunwala says that 25-30 bps compromise on fiscal is not a great deal and would recommend some leniency on it.Rakesh Jhunjhunwala on govt support to revive markets: A lot needs to be done
TeamLease Services, Mastek and Tata Coffee are some of the companies which will report Q3 results today.
He spent more than eight years learning from and working with the company Big Bull runs.
The stocks have been seeing a revival of sorts with 24 of the 27 scrips giving positive returns.
The broader market performed better, as smallcaps ended flat.
Jhunjhunwala bought 75,00,000 shares of the company to bring his stake in the firm to 2.65 per cent.
The work done at the foundation is not just important, it’s urgent.
The Big Bull sees a big bubble in the unofficial market for unlisted shares.
His shareholding in Firstsource Solutions fell by 0.32 per cent to 19,300,000 shares.
Jhunjhunwalas bought about 16 lakh shares during the quarter ended December 2019.
An alternative investment firm owned by Kotak Mahindra Bank is seeking the court’s intervention to have overturned the National Company Law Tribunal’s (NCLT) order, arguing that the resolution process was flawed.
Yes, the worst in terms of numbers is probably over. Will it be a hockey-stick shaped recovery?
Yes, there would be a bounceback. But will it be for all the stocks? I do not think so.
In an interview with ETNOW, the Big Bull shared his views on how he expects the market to shape up.
Jhunjhunwala said the government must make investing in real estate tax-free.
Bebo still does not consider herself as the true 'Begum of Pataudi'.
He owned 6.51 per cent of the company as per September quarter shareholding data.
Frontline portfolio manager, Atul Suri, Founder & CEO, Marathon Trends, who worked closely with ace investor Rakesh Jhunjhunwala, uses a very differentiated stock selection approach and it is helping him deliver stellar returns to investors even in tough times. ETMarkets.com caught up with him to pick his brains.Atul Suri tells how to pick good stocks in a tough market
Ace investor Rakesh Jhunjhunwala projected India’s GDP growth to touch 9 per cent by 2022-2023. "If India heads to become a $5 trillion economy by 2025, then household savings will have to go into equities," he said. He praised Prime Minister Narendra Modi and his work. "Modi is a distilled socialist after Lal Bahadur Shastri. He is one of the few prime ministers who have seen poverty. Modi knows how to enlarge the size of the cake. He is ready to take bold steps and at the same time knows that investment is key for the economy,” said Jhunjhunwala.India’s GDP growth to touch 9% by 2022-2023: Rakesh Jhunjhunwala predicts
Low interest regime is extremely bullish for gold. I see gold prices at $2,500-3,000.
I will say this at the cost of reputation that some of the messaging has got lost in semantics and I would want the markets to take that with the right level of restraint. Our capital raise is very much on track. The level of interest that we continue to get from very high quality investors is also very good.
Media reports suggest that the Board will reject the offers from SPGP Holdings and Erwin Singh Braich.
Here are some of the names that have kept the grey market abuzz over past few weeks.
We are moving from the old vote bank politics and casteism to new matured politics, says Jhunjhunwala
A dedicated bankruptcy court has accepted the resolution plan for the revival of Ricoh India, the largest player in printing and document solutions.
The purchase took place as the company lowered its revenue growth guidance to 15-20%.
If the whole EM trade reverses and that can lead to disproportionate flows to India.
DB Realty has been Jhunjhunwala’s worst hit portfolio stock. The scrip is down 44% YTD.
RJ expects huge growth in capital expenditure and foreign investment in the coming decade.
Watch the 'Big Bull' Rakesh Jhunjhunwala as he shares his views on the bull run, investments at new highs and the best themes going into polls. He also says investment and trading are mutually exclusive activities. He advises investors to find their own favourite in the stock market. Listen in!Rakesh Jhunjhunwala Exclusive: Indian economy will outperform over next 10 years
Post Q2 earnings, most analysts have cut their FY20 earnings forecast for Titan.
YES Bank was the biggest index gainer on both Nifty50 and Sensex.
YES Bank’s shares have more than doubled from their decade low of Rs 29.05 seen in early October.
Rakesh Jhunjhunwala has increased his stake in the company from 2.89 per cent to 3.26 per cent.
A consortium led by WestBridge AIF, Rakesh Jhunjhunwala and Madison Capital had last year signed definitive agreements with the shareholders of Star Health.
No amount of wealth can give you happiness unless you are contented, says Jhunjhunwala.
Number wise, companies are going to report good numbers for at least the next two, three quarters.
Jhunjhunwala took the biggest knock in Dewan Housing Finance Corporation (DHFL).
Adjudication proceedings were started in 2017 for alleged violation of PIT in case of Geometric Ltd.
The company saw 15 per cent year-on-year retail growth between August and September.
Jhunjhunwala and his better half Rekha own 7.05 per cent stake in the company.
Some of these firms have strong balance sheets and credible financials to support this frenzy.
According to bulk deal data available with the BSE, Rekha Rakesh Jhunjhunwala has purchased a total of 19,65,000 shares of Tata Communications.
India is facing a resurgence in populism as economic growth slows.
Jhunjhunwala counts Radhakishan Damani and Ramesh Damani as his guides, too.
Jhunjunwala said the only solution to unemployment is strong growth.
Ace investor Rakesh Jhunjhunwala is of the view that Prime Minister Narendra Modi will be triumphant in the upcoming general elections. Addressing a gathering at TiECON Summit in Mumbai on Wednesday, the Dalal Street veteran said the Bharatiya Janata Party will surprise with its election tally on the upside.BJP's tally in 2019 Lok Sabha polls will surprise on the upside: Rakesh Jhunjhunwala
BSE Midcap index logged gains of 2.25 % last week while the BSE Smallcap index gained 3.32 %.
The ace investor also said that 98% of money made in stock market is by being bullish.
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