Rakesh Jhunjhunwala News

Baazar Style Retail debuted on the exchanges on Friday on a flat note at Rs 389 on BSE and NSE. Ahead of the listing, the company's shares were trading with a GMP of 12% to the issue price.

asset markets. When we talk about various asset classes, we often mention expected long term returns, and sometimes in the passing, we also talk about the volatility of short term returns. But have you ever thought about what long term really means?

Rekha Jhunjhunwala, who inherited the portfolio of Rakesh Jhunjhunwala, has made some significant changes to the investments during the quarter ended March. Jhunjhunwala, who owned about 1.8% stake in recently listed Tata Communications towards the end of December quarter, pared the stake in the company by 0.3%, bringing the overall holding to 1.6% at the end of March quarter.

Ryanair, of low cost and sustained profitability, India’s newest airline Akasa Air’s journey to the top of the charts has been rather astounding. The airline, backed by legendary investor Rakesh Jhunjhunwala, who died soon after the launch of the airline in August 2022, is set to cross a milestone. It will fly beyond the Indian borders from March 28 with its first international flight scheduled to Qatar. Notably, this achievement comes in merely 19 months of its going operational. Akasa was granted the licence to fly internationally by the Ministry of Civil Aviation last year on September 20. Exiting 2023 with a fleet size of 22 aircraft, including 21 Boeing 737 MAX 8 and one Boeing 737 MAX 8 200, the first of its kind in Asia, Akasa Air is ready for its next phase of growth. It further fuelled its international flying ambitions when in January the new airline welcomed two Boeing 737 MAX 8 aircraft to its growing fleet. Since it started flying in 2022, Akasa has garnered a market share of 4 per cent as against another low-cost but much older airline SpiceJet's 5.6%. The Indian aviation market is dominated by IndiGo, which has a nearly 60 per cent market share, and the Tata Group whose airlines have a combined share of nearly 26 per cent.

portfolio after husband Rakesh Jhunjhunwala's death last year, has seen at least three stocks giving multibagger returns in 2023 while most of the profits came from 5.4% holding in Titan. Going by the September quarter shareholding pattern of listed companies Jhunjhunwala owned 25 stocks, the value of which has grown 14% this quarter to Rs 39,000 crore. Details are available only of companies where the ace investor owned at least 1% stake. An analysis of his portfolio shows that the investor's best performing stock is Tata Motors DVR which is up 138% so far in the calendar year.

₹3,401 per share, hitting a new record of all-time high on BSE on Tuesday’s trading session. The market capitalization of Titan company also crossed ₹3 lakh crore mark on November 21. Titan shares have consistently contributed ₹1 lakh crore to its market capitalization every two years.

Geojit Financial Services jumped 14.5% to Rs 68.9 in Wednesday's trade on BSE as the company reported a 58% YoY rise in second-quarter profit at Rs 38 crore as against Rs 24 crore a year earlier. In the quarter, the consolidated revenue stood at Rs 145 crore, up 29% as against Rs 112 crore in the corresponding period of the preceding fiscal. Earnings before investment, tax, depreciation, and amortisation (EBITDA) for the quarter jumped 44% YoY to Rs 59 crore in Q2 FY24 as compared to Rs 41 crore in Q2 FY23. For the first half, revenue increased 22% to Rs 261 crore from Rs 214 crore and it earned a profit after tax of Rs 60 crore during the period, up 30% from Rs 46 crore a year ago. At 1.14 p.m., the scrip was trading 13% higher at Rs 68 on BSE. On a year-to-date basis, the stock has also risen over 40%, while it has declined over 15% in the past 2 years. Technically, the stock's day RSI (14) is at 63.7.

Mithun Sacheti founded online jewellery selling platform CaratLane in 2008 along with Srinivasa Gopalan. On Saturday, he scored one of the most successful exits by an Indian consumer internet entrepreneur when he sold his 27% stake to watchmaker Titan for Rs 4,621 crore. Sacheti, 44, first brought the Tata group company in as a shareholder in 2016, when an existing investor, New York-based investment fund Tiger Global, sold its 62% stake in CaratLane to Titan in a deal that valued the startup at Rs 536 crore.

Akasa Air, India's youngest airline, celebrates it... moreAkasa Air, India's youngest airline, celebrates its first year of operations with plans to launch international flights.

Reuters, he remarked, "It's not a fitting comparison (with Warren Buffett). In terms of wealth and success and maturity, he's far, far ahead." Having risen from ₹5,000 in 1985 to an astounding ₹35,000 crore by 2022, the life journey of the late Rakesh Jhunjhunwala, often referred to as India's Big Bull, serves as a remarkable lesson in investing. Here is how social media paid tribute to the legendary investor.

Here's a brief look at what the portfolios of these star investors are looking like post the first quarter.Rekha JhunjhunwalaAce investor Rekha Jhunjhunwala, who inherited the assets of the late Rakesh Jhunjhunwala, has raised stakes in three companies — Escorts, Titan and Tata Communications — during the June quarter. Rekha has also cut stakes in Metro Brands, Autoline Industries, Rallis India, Geojit Financial, Raghav Product Enhancers, and Agro Tech Foods in the same period, showed Trendlyne data.

₹705 to ₹741 per equity share of face value of ₹1 each. Concord Biotech IPO lot size is 20 equity shares and in multiples of 20 equity shares thereafter. Rakesh Jhunjhunwala backed Concord Biotech IPO consists of a pure offer-for-sale by Helix Investment Holdings Pte Ltd.

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Tata Chemicals subsidiary Rallis India this week, as per a disclosure published by exchanges on Friday. Jhunjhunwala, who is the nominee and executor to the Estate of Late Rakesh Jhunjhunwala, said she now holds 44.30 lakh shares in the company, which is 2.278 per cent of all outstanding shares.

Discussing the IPOs of startups like Mamaearth, the IIFL Chairman shared that he had a sombre view of such firms due to their vertiginous valuations.

Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India’s own Warren Buffett, died on 14 August in Mumbai city, Press Trust of India news agency reported. He was 62.

Ace investor Rakesh Jhunjhunwala, who died aged 62 in Mumbai on August 14, was often called India’s Warren Buffet for the similarities in investing patterns he shared with the veteran American investor. And the similarities, or rather caution, extended to cryptocurrencies as well as cash-guzzling new-age startups.

Jim Rogers, akin to many other veteran investors, believes that Bitcoin and other crypto assets are all bubble and gamble. The celebrity investors would prefer to stay away from them. A fortnight earlier, Rogers, despite being a vocal critic of the digital asset class, admitted that he wished to buy Bitcoin at dirt cheap price about a decade ago. He made it clear that his sole desire was to make profits. Rogers clarified that he wished to own bitcoin about a decade ago only to book hefty and supernatural profits. «I wish I had bought it (Bitcoin) at $1 or $5 as it went to $60,000-70,000. Everyone had thought the same,» said Rogers.