Analysts are anticipating a deep impact on the economy and growth because of the lockdown.
Domestic stock investors had lost over Rs 12,90,000 crore equity wealth in this selloff.
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
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.
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.
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.
RARE Equity, HDFC Life and ICICI Prudential have been shortlisted from a list of suitors.
Big Bull Rakesh Jhunjhunwala held 32 stocks with a net worth of Rs 12,919.50 crore.
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?
ICICI, HDFC Bank, Axis, Kotak, Jhunjhunwala, Damani & Azim Premji Trust may pick up stake in private lender.
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.
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.
On Monday, CEO & MD Ravneet Gill, said the bank has received total bids worth $3 billion.
Rakesh Jhunjhunwala's rags-to-riches story has been truly inspirational!
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.
Jhunjhunwala said the government must make investing in real estate tax-free.
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
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.
The promoters of BNHL are Sayaji Hotels, Sayaji Housekeeping Services, Kayum Dhanani, Raoof Dhanani and Suchitra Dhanani.
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.
Jhunjhunwala said there is a buying opportunity in this market.
Big Bull said indicators were pointing towards a turnaround, but it will be slow.
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.
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
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.
The purchase took place as the company lowered its revenue growth guidance to 15-20%.
Ace stock market investor says IHH Healthcare's open offer for Fortis is fair and should be allowed.
I have never seen such volatility, but selectively the market has bottomed out.
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.
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.
Jhunjhunwala took the biggest knock in Dewan Housing Finance Corporation (DHFL).
The work done at the foundation is not just important, it’s urgent.
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.
Markets are going to go circular. They are going to take time. But the bottoming out process will start.
Some of these firms have strong balance sheets and credible financials to support this frenzy.
Bebo still does not consider herself as the true 'Begum of Pataudi'.
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.
Jhunjunwala said the only solution to unemployment is strong growth.
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.
BSE Midcap index logged gains of 2.25 % last week while the BSE Smallcap index gained 3.32 %.
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.
A dedicated bankruptcy court has accepted the resolution plan for the revival of Ricoh India, the largest player in printing and document solutions.
DB Realty has been Jhunjhunwala’s worst hit portfolio stock. The scrip is down 44% YTD.
Titan, the crown jewel of Big Bull’s portfolio, tanked 3% after the co cut its FY20 guidance.
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
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.
If the whole EM trade reverses and that can lead to disproportionate flows to India.
The scrip is down 48 per cent in the last one month and 65 per cent year-to-date.
Talking about stocks and sectors, Jhunjhunwala says he is bullish on pharma sector.
Technical analysts see the stock staging a bounce back as it has fallen 18 per cent in the last one month.
The number of analysts recommending ‘buy’ ratings on the stock has dropped to eight from 10 three months ago.
Rakesh Jhunjhunwala was already holding 1.90 per cent stake in the company as of June 30.
Rakesh Jhunjhunwala and his better half Rekha sold stakes in NCC, DHFL and in Lupin.
The development came after YES Bank’s promoter Rana Kapoor pledged 10 crore shares.
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.
We are moving from the old vote bank politics and casteism to new matured politics, says Jhunjhunwala
Ace investor Rakesh Jhunjhunwala is among the investors betting big on Ion Exchange.
Jhunjhunwala counts Radhakishan Damani and Ramesh Damani as his guides, too.
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
Adjudication proceedings were started in 2017 for alleged violation of PIT in case of Geometric Ltd.
A new stock is now part of Rakesh Jhunjhunwala's portfolio.
Shares of Titan Company ended down nearly 3 per cent at Rs 1,290.65 on Thursday.
Shares of the company have rallied nearly 50 per cent in last one year since July 3, 2018.
Top stock pickers name one stock each for a ‘Power of 10’ portfolio.
Retail investors collectively held 48 per cent in the private lender at the end of Dec quarter.
While everyone is looking at the assembly poll results as a major setback for the ruling BJP, ace investor Rakesh Jhunjhunwala thinks the outcome is actually good for the saffron party. "Remember, the BJP had 15 years of incumbency in Rajasthan and MP. It still managed to capture a large vote share," he says. Listen-in to this fire-side conversation with Jhunjhunwala during the India Economic Conclave 2018 in Mumbai Thursday. (Text: ETMarkets.com)Will still bet on BJP for 2019: Rakesh Jhunjhunwala on state poll results
He, however, warned SIP investors not to try and be over smart and greedy.
The celebrity investor said India’s economy is on an upward trajectory and most macros look good.
Here’s breaking down the pre-market actions.
Vedanta said production at Lanjigarh alumina refinery is expected to increase to 1.8 mt in FY20.
Many of Jhunjhunwala stocks have fallen 20 per cent to 80 per cent from their respective highs.
Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service