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Why did Rakesh Jhunjhunwala invest in Titan?

Why did Rakesh Jhunjhunwala invest in Titan?

He invested in this company when the stock prices fell abruptly on account of a depression in the iron ore industry. Rakesh Jhunjhunwala found the stock languishing at ₹25-26 with a good growth projection for the coming year. The bet was tactical as the prices of iron ore were at the lower end.

Why Prakash Industries share going down?

Prakash Industries share price hit a 52-week low of Rs 18.55 on March 24, 2020 and 52-week high of Rs 64.80 on January 3, 2020. Weak financial performance of the firm coupled with the market crash in March has led to the fall in stock since January 2018.

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In which stocks did Rakesh Jhunjhunwala invest?

Another PSU stock in Jhunjhunwala’s portfolio is the National Aluminium Company (NALCO). He recently bought 2,90,97,40 equity shares or 1.6 per cent stake in the firm. Jhunjhunwala has always remained bullish on Tata Group stocks.

What is the wealth of Rakesh Jhunjhunwala?

5.8 billion USD (2021)
Rakesh Jhunjhunwala/Net worth

Is Prakash pipes a good investment?

PE vs Industry: PPL is good value based on its PE Ratio (8.1x) compared to the Indian Building industry average (27.7x). PE vs Market: PPL is good value based on its PE Ratio (8.1x) compared to the Indian market (19.8x).

Is it good to invest in Prakash Industries?

Prakash Industries | Buy | Price Target: Rs 94 We recommend going long on a small dip towards Rs 78 for a couple of short term targets of Rs 88 and Rs 94. The strict stop loss can be placed at Rs 72.20.

How Rakesh Jhunjhunwala invested in multi-Bagger stocks?

During his long career in the stock market, Rakesh Jhunjhunwala invested in a number of multi-bagger stocks. In 2002-03, Rakesh Jhunjhunwala bought ‘Titan Company Limited’ at an average price of Rs 3 and currently it is trading at a price of Rs 817. He is holding over 7.5 crore shares of titan company.

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How much of Titan Company Limited does Rakesh Jhunjhunwala own?

In 2002-03, Rakesh Jhunjhunwala bought ‘Titan Company Limited’ at an average price of Rs 3 and currently it is trading at a price of Rs 817. He is holding over 7.5 crore shares of titan company. He has an ‘overall’ holding of 8.45\% in the company.

What are some of Rakesh Jhunjhunwala’s success stories?

Rakesh Jhunjhunwala success story 1 — Childhood. 2 — Entering the stock market world. 3 — Multi-baggers stocks in Rakesh Jhunjhunwala’s Portfolio. 4 — Latest Stock Portfolio (Sept 19) Holding Value (Rs.) Holding Value (Rs.) Titan Company Ltd. 5 — Rakesh Jhunjhunwala Stock Market Philosophy.

Is Rakesh jhunjhanna a good investor?

ACCORDING TO MY KNOWLEDGE RAKESH JHUNJHUNWALA IS GREAT INVESTOR AND HIS ADVICES ARE ALWAYS PRICELESS. BUT YOU SHOULD BE CAREFULL AS IT COULD TAKE YEARS FOR STOCK TO INCREASE FROM THE THE VALUE!!