Rakesh Jhunjhunwala said in an interview that the volatility of bitcoin will hinder its use as a method of transacting.
'I will never buy bitcoins in my life,' the ace investor said.The regulators must ban cryptocurrency in India, he added
'India is on a roll and the stock market will be on a roll,' Jhunjhunwala said.The ace investor is extremely bullish on the Indian stock market
'The biggest and best player in electric cars in India is going to be Tata Motors,' Rakesh Jhunjhunwala said.
The name’s Jhunjhunwala, Rakesh Jhunjhunwala!Rakesh Jhunjhunwala has been named “Warren Buffet of India”.Credited with generating wealth over $3bn, it is claimed that he started with just about ₹5,000 ($69) about thirty years ago.AN equity investor, he owns an asset management firm called Rare Enterprises.His early days as a trader started with a purchase of 5,000 shares of Tata Tea at ₹43 ($0.6).He is known for making calculated investments and risk-taking.Analysts suggest that his success lies in meticulous predictions about the political happenings at a given time.He is not unknown when it comes to making unapologetic commentary about contemporary issues.While he admires Elon Musk, he critiques his ideas of cryptocurrency.
As per bulk deal data on BSE, Rakesh Jhunjhunwala sold a little over 1.5 lakh shares at ₹1,205.19 apiece, valuing the deal at ₹18.17 crore
In fiscal 2020, revenue stood at Rs247.51 crore against Rs169.70 crore a year ago, while net loss stood at Rs26.61 crore compared to a profit of Rs6.71 crore a year ago
Five companies are set to come out with initial public offers (IPOs) this week to raise an estimated ₹3,764 crore
Ace investor Rakesh Jhunjhunwala holds more than 10% stake in Nazara Technologies.Market analysts expect a strong response by investors to Nazara Tech IPO
Hazaaron IPO Nazara Jaisi!Nazara is the leading gaming company in India which is launching its maiden IPO today.With many recent acquisitions, a careful expansion strategy targeting a focused audience across countries and an entry into the immensely potential edutainment sector, the company has scripted a promising journey thus far.Dalal Street is very optimistic about this IPO.Market support for the launch has rallied owing to Nazara’s affiliation with marquee investors like Rakesh Jhunjhunwala and others.Will it break new records in the stock exchange and in the Indian gaming industry?Will it not?Head to the link below to read about this IPO in further details and assess yourself!https://transfin.in/nazara-technologies-ipo-possibilities-for-the-indian-gaming-industry
The price band of the Nazara Tech IPO has been fixed at ₹1,100-1,101 a share.
Ace investor Rakesh Jhunjhunwala owns over 10% stake in the company.Many brokerages had recommended subscribe to the issue both for long term potential and possibility of listing gains.
Jhunjunwala, who is reported to be the largest individual investor in the domestic markets, also said the level of taxation on the equity markets is 'reasonable' given the socio-economic conditions in the country
Barbeque Nation shares are likely to be listed on April 7.Barbeque Nation Hospitality is backed by ace stock market investor Rakesh Jhunjhunwala's investment firm Alchemy Capital
Retail investors portion was subscribed 25% and that of employees 10%. Qualified institutional buyers portion was subscribed the highest with 66% and non-institutional investors 19%
This Rakesh Jhunjhunwala stocks is one of the 'shares to buy', say experts
Rakesh Jhunjhunwala holdings in Fortis Healthcare has gone up from 2.65 per cent to 4.31 per cent — 1.66 per cent net rise in Big Bull's share holding in the company
Rakesh Jhunjhunwala has trimmed his stake in Titan Company in October to December quarter too as his holding in the company declined from 5.52 per cent to 5.32 per cent
The 'Warren Buffett of India' cut down his share holding in the company from 5.32 per cent (December 2020 quarter) to 5.06 per cent (March 2021 quarter)
Asked about the possible reason for 'Warren Buffett of India' increasing his stake in the company, stock market experts said that company has almost monopoly in commodity trading business with stable revenue outlook