Jhunjhunwala, one of India's well-known individual investors, was speaking at the India Economic Conclave organised by the Times Network. He said he won't rule out 5-10 times gains in state-owned banks over the next five years. Shares of PSBs have been on a tear this year. The Nifty PSB index is up 20 per cent so far this year.
The order, valued at 'nearly $9 billion at list prices', was signed at Dubai Air Show 2021 on Tuesday.
In the season of aviation action, Rakesh Jhunjhunwala-backed Akasa Air has secured the crucial no-objection certificate (NoC) from the civil aviation ministry. It expects to start operations next summer. The airline will now have to apply for the Directorate General of Civil Aviation for operations permit. Aviation sector has been in the limelight with the Tata Group winning the Air India bid last week.
Jhunjhunwala increases stake in DHFL, luggage maker VIP Industries and pharma major Lupin but is cautious on auto holding. At the end of the March quarter, Jhunjhunwala held positions in 29 firms.
Rakesh Jhunjhunwala has picked up a 1.29 per cent stake in Tata Motors. The September quarter shareholding pattern disclosed by the automaker showed Jhunjhunwala holding 40 million shares.
Star Health and Allied Insurance's Rs 7,250-crore initial public offering (IPO), the third largest this year and eighth largest ever, just about managed to make it despite a poor response from investors, garnering just 79 per cent subscription, forcing the investment bankers to prune offer for sale (OFS) component. This is the second large offering after digital payments major Paytm this year to receive a lukewarm response from investors, a sign that despite the IPO frenzy investors are discerning when it comes to pricing. As Star Health didn't meet the profitability criteria, its IPO required a mandatory 75 per cent subscription from qualified institutional buyers (QIB).
Among the lot, Rallis India, Escorts, Jubilant Life Sciences, and Crisil added half of the total gains made in the ace stock-picker's portfolio.
Speaking at an interactive session on the sidelines of Wings India 2022, Dube on Friday said the airline hopes to have a fleet of 72 aircraft in the next five years. "We hope to launch our first commercial flight in the month of June.
Twenty-three of the 31 stocks in his publicly disclosed portfolio consist small-cap stocks. jhunjhunwala's portfolio rose 15.2% in Q3.
Titan, NCC, Delta Corp, Karur Vysya Bank, Aptech, and Jubilant Life Sciences are among stocks in Jhunjhunwala's portfolio that have taken a severe hit, falling more than 50 per cent during the period.
Like the billionaire investor Rakesh Jhunjhunwala, Gautam Gambhir, the tenacious former opener-turned-coach, also seems to be governed by instincts while picking unheralded players and turning them into match-winners, points out Vishal Menon.
Currently, the investor and his family's net worth in listed firms stands at Rs 8,517 crore, compared to Rs 8,388 crore as of March 31, 2020.
Ace stock market investor Rakesh Jhunjhunwala-promoted starup carrier Akasa Air on Monday unveiled the first look of its crew uniform as it gets ready for take-off likely by this month-end. Akasa Air, which received the delivery of its first Boeing 737 max aircraft in India on June 21, also plans to conduct proving flights this week, following which it will get the Air Operator Permit for launching commercial operations. The uniform fit focuses on providing the best possible stretch to ensure their comfort over their busy flight schedules, the company said in a statement.
How did marquee Dalal Street investors fare in the Jan-Mar quarter that saw the BSE Sensex tank 10 per cent?
Rakesh Jhunjhunwala on Friday picked up 1.05 per cent stake in Jet Airways for Rs 50.5 crore.
"We are in an early stage of a long-run bull market," says Rakesh Jhunjhunwala.
The duo bought additional shares in pharmaceutical companies Lupin and Jubilant Life Sciences, along with Agro Tech Foods and NCC during Q2FY21
Akasa Air said on Thursday said it has received the Air Operator Certificate (AOC) from aviation regulator DGCA and will start commercial operations later this month.
Titan accounted for 59.6 per cent of his disclosed portfolio at Rs 8,355 crore. This is more than 10 times the next biggest holding, Federal Bank, at Rs 619 crore.
Foreign brokerage firm CLSA initiated coverage on the stock with a Sell rating and target price of Rs 1,095, citing hefty premium valuation.
There is a convincing fundamental story in the real estate firm, despite legal problems.
Rakesh Jhunjhunwala-backed Nazara Technologies is all set to hit the primary market with its Rs 583-crore IPO on Wednesday. The diversified and online gaming firm's three-day issue will run through March 17-19 and will be entirely an offer for sale (OFS). While 5.29 million equity shares will be offloaded via OFS by some of the shareholders, Rakesh Jhunjhunwala, who owns 3.29 million shares or 11.51 per cent stake in the company as of September 30, 2020, has decided to hold on to his stake. The issue has a price band of Rs 1,100-1,101 and will be available in lots of 13 shares and multiples thereof.
His advice was to always start with small positions because we are bound to make mistakes; and remain humble because the markets can be merciless, remembers Debashis Basu.
Revival in demand for IPOs has prompted the companies to tap primary market.
Nearly four decades ago, when Rakesh Jhunjhunwala was a young chartered accountant in training, he was paid a conveyance of Rs 60. Deductions would take away Rs 15 from this princely sum and he was left with Rs 45 by the time the allowance made its way to his hands. He would save as much as he could from this amount, so that he would have a small amount to spend when he met his friends on the weekend at Chicken Centre. This was an eatery popular with the young at the time, perhaps because food and drink were affordable even for those new to the workforce.
Jhunjhunwala said that his decision was personal and might not have anything to do with Buffett's pledge.
The Street is talking about the New Rakesh Jhunjhunwala who has invested heavily in a particular stock.
According to market sources, Jhunjhunwala will acquire a significant minority stake in Pipavav.
Jhunjhunwala, who earlier owned a little over 10 per cent stake in the hospitality firm, has bought over 14.57 lakh shares in the company from open market on April 4.
Abhishek Jhunjhunwala came up with a spirited century but Bengal still conceded the first innings lead to Madhya Pradesh as their Group A Ranji Trophy match headed towards a draw on the third and penultimate day, in Indore, on Monday.
Amid heated debate on algorithm based trades, ace investor Rakesh Jhunjhunwala today backed this form of trading, and questioned the need to regulate it.
Big bull Rakesh Jhunjhunwala feels the Indian stock markets, currently on an upward rally, may 'burst' in a month or two.
Follow these principles if you want to become a billionaire like him.
The bid amount would benefit Children's Movement for Civic Awareness.
Rakesh Jhunjhunwala became a billionaire in the last bull-run which ended in 2008.
The story of how a middle-class IT officer's son came to be featured on the Forbes' list of billionaires is as amazing as the man himself. At EVOKE 2012, an idea-sharing event organised by the US Consulate in Mumbai earlier this month, Indian investor Rakesh Jhunjhunwala explained why he believes that India is a rich country, what money means to him and why he's not burdened with guilt about the country's poverty.
An infusion of capital would come as a much-needed relief for the bank, with its capital adequacy ratio barely above the regulatory requirements, as of June disclosures.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances