Tag: Rakesh Jhunjhunwala

Rakesh Jhunjhunwala stock tanks: Nazara Tech shares down 57% YTD, brokerage says valuations rich; check rating

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Rakesh Jhunjhunwala’s portfolio stock Nazara Technologies rallied nearly 6 per cent to Rs 1,055.40 apiece on BSE on Thursday, after the gaming stock hit a fresh all-time low of Rs 998.05 in the previous session. The stock rose to a lifetime high of Rs 3,356 apiece in October last year; however, since then this Jhunjhunwala … Read More “Rakesh Jhunjhunwala stock tanks: Nazara Tech shares down 57% YTD, brokerage says valuations rich; check rating” »

Akasa Air takes delivery of first aircraft Boeing 737 MAX

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Ace investor Rakesh Jhunjhunwala-promoted Akasa Air’s first aircraft Boeing 737 MAX arrived in New Delhi on Tuesday, bringing it closer to securing the mandatory Air Operator Permit to start operations. The airline had received the ceremonial keys for the aircraft in Seattle, the US, on June 15, Akasa Air said in a statement. This is … Read More “Akasa Air takes delivery of first aircraft Boeing 737 MAX” »

Akasa Air takes delivery of first 737 Max aircraft from Boeing

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New airline Akasa Air on Thursday took delivery of the first 737 Max aircraft from Boeing in Seattle, USA, a statement said. Three months after Indian aviation regulator DGCA gave the green light to Max planes, Akasa Air had on November 26 last year signed a deal with Boeing to purchase 72 Max aircraft. Commenting … Read More “Akasa Air takes delivery of first 737 Max aircraft from Boeing” »

This Rakesh Jhunjhunwala-owned stock is down 10% so far this year, should you buy?

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Rakesh Jhunjhunwala-owned Star Health and Allied Insurance Company’s stock has corrected in-line with benchmark indices so far this year. Star Health Insurance shares have tanked 10 per cent so far in 2022. The scrip was quoting at Rs 698 on NSE intraday, down 22 per cent from its issue price of Rs 900. Despite the … Read More “This Rakesh Jhunjhunwala-owned stock is down 10% so far this year, should you buy?” »

Rakesh Jhunjhunwala stock Titan fell 16% so far in 2022; Motilal Oswal says purchases, shares could rise 39%

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Ace investor Rakesh Jhunjhunwala’s portfolio stock Titan has fallen 16% so far this year, while the NSE Nifty 50 has fallen by 9.5%. However, the company’s share price in Tata Group is expected to rise 39% going forward due to strong earnings, jewelry business, eye care business and growth in the watches and wearables segment, … Read More “Rakesh Jhunjhunwala stock Titan fell 16% so far in 2022; Motilal Oswal says purchases, shares could rise 39%” »

Rakesh Jhunjhunwala, wife to earn Rs 38 cr as Titan declares dividend; should you buy this Tata group stock?

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Rakesh Jhunjhunwala’s portfolio stock Titan Company posted nearly 8 per cent on-year fall in standalone net profit to Rs 491 crore during the January-March quarter. The company’s board also announced a dividend of Rs 7.50 per equity share. Even as Titan posted weak quarterly earnings on pandemic-related restrictions on physical shops and volatility in gold … Read More “Rakesh Jhunjhunwala, wife to earn Rs 38 cr as Titan declares dividend; should you buy this Tata group stock?” »

Rakesh Jhunjhunwala raises stake in this Jubilant group stock, buys 7.5 lakh additional shares in Q4

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Rakesh Jhunjhunwala Stock: Rakesh Jhunjhunwala has bought more shares of Jubilant Pharmova to increase his stake in the company. The latest shareholding pattern of the company on the Bombay Stock Exchange (BSE) showed that the ace investor has increased his holding in Jubilant Pharmova from 3.14% to 3.61%. Often touted as the Big Bill of … Read More “Rakesh Jhunjhunwala raises stake in this Jubilant group stock, buys 7.5 lakh additional shares in Q4” »

Rakesh Jhunjhunwala may have sold Escorts stake, stock down 16% so far this year

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Rakesh Jhunjhunwala may have sold his stake in agriculture machinery manufacturer Escorts. Often called the Big Bull of Dalal Street, Rakesh Jhunjhunwala’s name is absent from the latest shareholding pattern of Escorts, which was uploaded on the BSE website a few days ago. However, it is also possible that Rakesh Jhunjhunwala has tendered his shares … Read More “Rakesh Jhunjhunwala may have sold Escorts stake, stock down 16% so far this year” »

Rakesh Jhunjhunwala owned Tata Motors shares set to rally 20%

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Analysts at ICICI Direct believe that after the recent correction, auto sector stocks may now witness renewed momentum amid a sustained broader market recovery where Tata Motors is set to benefit. Rakesh Jhunjhunwala-owned Tata Motors’ share price has fallen 13% so far this year with the most recent fall coming as foreign investors book profits. … Read More “Rakesh Jhunjhunwala owned Tata Motors shares set to rally 20%” »

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