Rakesh Jhunjhunwala
Keep track of all breaking news on Rakesh Jhunjhunwala from all sources at a single place.
Rakesh Jhunjhunwala    
07 Nov 2019
Business Line
The share price of YES Bank has had a muted response to the news of high networth individual, Rakesh Jhunjhunwala, picking up a minor stake in the ban
Rakesh Jhunjhunwala    
05 Nov 2019
NDTV Profit
Ace investor Rakesh Jhunjhunwala has purchased a total of 1.29 crore shares of Yes Bank at an average price of Rs 67.10 per share via bulk deal on November 4.
Rakesh Jhunjhunwala    
25 Oct 2019
Business Today
The billionaire investor suspects the complaint against CEO Salil Parekh and CFO Nilanjan Roy has been made "purposely" by "manipulators"
Rakesh Jhunjhunwala    
24 Oct 2019
Economic Times
Market's Big Bull in conversation with Bollywood superstar on humanity and things that matter.
Rakesh Jhunjhunwala    
23 Oct 2019
Business Line
Leading stock market investor Rakesh Jhunjhunwala has hiked his stake in Multi Commodity Exchange (MCX), top commodity bourse, from 3.92 per cent earl
Rakesh Jhunjhunwala    
18 Oct 2019
Rakesh Jhunjhunwala ups stake in Federal Bank, NCC, VIP Industries

Superstar investor Rakesh Jhunjhunwala has upped his stake in Federal Bank by 0.18%, raising his total stake to 3.11%.  He now holds over Rs. 511 crore worth of shares. He has also increased stake in NCC by 0.52%, increasing his total stake to 10.38%, bringing the stake to Rs. 329 crore. and VIP Industries. In VIP Industries he has raised his stake by 0.32%, to a total stake of 5.31% worth Rs. 348 crore. 

See his full portfolio.

Rakesh Jhunjhunwala    
15 Oct 2019
Rakesh Jhunjhunwala bets on Agrotech Foods, Kacholia on Majesco

Large investors - the superstars - are making fresh bets in a volatile stock market, consolidating their portfolios towards specific stocks. Rakesh Jhunjhunwala added more Agrotech Foods shares to his portfolio, increasing his and Rekha's total stake by 0.72%, to bring it to 8.22%, worth over 95 crore. The company however, has been a low-momentum stock. 

Investor Ashish Kacholia has in the meantime, upped his portfolio stake in IT firm Majesco by 0.55%, bringing it to a total of 3.14%, worth Rs. 36.4 crore. In the current market, investors might be seeing their favorite stocks as undervalued, representing a buying opportunity. As a result, while some investors like Dolly Khanna offload what they see as share price losers, more aggressive investors like Jhunjhunwala and Kacholia see this as a chance to buy more shares in their favorite stocks. 

See all superstar investors.

Rakesh Jhunjhunwala    
30 Sep 2019
Usually apolitical Rakesh Jhunjhunwala tells investor to 'go to Pakistan'

Investor Rakesh Jhunjhunwala, who has a significant portfolio in public equities, grew angry during a Q&A session at the Hindu World Economic Forum and suggested that a British investor "invest in Pakistan" if he was so concerned about India. Jhunjhunwala made the remark after questions from the investor, who is a former head of the London Chamber of Commerce, as well as co-panelists about rising unemployment in India. See the video.

Unemployment has risen to a 45 year high in 2018, according to official data, which the government has not made public. The British investor in the audience asked questions around unemployment in India and steps the government has failed to take, and Jhunjhunwala responded at first that if it was so bad, it shouldn't be this hard to find a car driver.

Co-panelist Subhash Thakrar then pointed out that Jhunjhunwala lived in Mumbai, and said, "look elsewhere", the problems were significant outside India's financial capital.

Jhunjhunwala then became visibly angry, saying, "Let's agree to disagree"..."We have enough money, Investors shouldn't come if you don't want to (invest in India)...go to Pakistan". The conversation became heated as Jhunjhunwala repeatedly said, "please let me complete" in response to interruptions. The government has claimed that the joblessness data does not capture self-employed businesses and people hired in the Swiggy/Uber/Ola gig economy. 

Rakesh Jhunjhunwala    
28 Sep 2019
Business Standard
The remark came as a retort to repeated questioning by a London-based investor at the World Hindu Economic Forum on the rising joblessness in India
Rakesh Jhunjhunwala    
03 Sep 2019
Taking a hit: Rakesh Jhunjhunwala's net worth set to fall this quarter

Investor Rakesh Jhunjhunwala, often called the Big Bull among stock market investors for his canny picks, has not had much insulation this time round as the stock market bleeds. Among Jhunjhunwala's top ten portfolio stocks in terms of holding size, only Rallis India has remained in the green, while all other stocks have seen sharp declines especially NCC which is down by over 40% in share price. 

What happened? Jhunjhunwala's usual cushion, Titan which constitutes a big chunk of his portfolio, accounting for more than half of his total public portfolio, revised its guidance in the June quarter, driving share prices down for the company. For the first quarter in many, the Titan share price began to lose altitude. Lupin, Escorts, Federal Bank have also disappointed with large selloffs happening in these stocks over the past quarter. 

Has there been any portfolio stock that has jumped by double digits in the past quarter period? There is one - water management company Ion Exchange, which has risen by more than 30% and has so far, stayed somewhat resilient to stock market havoc. 

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