Rakesh jhunjhunwala portfolio 2022

Renowned investor and ‘big bull’ Rakesh Jhunjhunwala churned in his stock portfolio during the quarter ended June 2022, and partially or completely exited from 10 stocks, while adding one name. The ace investor marked a re-entry into a stock he had exited during January – March period, as he bought 1.4 per cent stake in farm equipment / industrial auto major, Escorts Kubota Ltd. At the end of December 2021, Jhunjhunwala's holding was at 5.4 per cent of total shareholding of the company. Now, the total value of his stake in the company stands at ~Rs 300 crore. With the correction in metals and crude prices, experts believe that the demand for farm equipment should rise, with a good monsoon boosting tractor sales. “India has so far received good rainfall this time and demand pickup was seen in the rural areas along with pick-up in credit, which can bring up some good number for agriculture-related stocks”, said Manoj Dalmia, Founder & Director, Proficient Equities Ltd. Experts believe that Escorts Kubota is an exciting name in the Industrial Auto component manufacturing sector. “Being a healthy stock in the Industrial Automobile sector, Escorts has very bright prospects in Indian economy, however, the stock showed muted earnings performance this quarter and has seen some correction despite Jhunjhunwala’s backing”, said Sonam Srivastava, Founder at Wright Research. Data also showed that during the quarter ended June 2022, big bull Rakesh Jhunjhunwala has reduced his stake...

Rakesh Jhunjhunwala Biography:Veteran Stock Market investor Rakesh Jhunjhunwala passed away on August 14, 2022, at the age of 62 after suffering from kidney ailments. Reportedly, Rakesh Jhunjhunwala was undergoing dialysis on a regular basis as both his kidneys had failed. He was brought to the Candy Breach Hospital at 6.45 am and was declared dead. Rakesh Jhunjhunwala was an Indian billionaire, business magnate, stock trader, and investor who began investing in 1985 with a capital of Rs. 5,000 with his first major profit in 1986. At the time of his death, Jhunjhunwala had an estimated net worth of $5.8 billion which made him the 438th richest person in the world. Rakesh Jhunjhunwala, besides being an investor, had also served as the Chairperson and director for several companies and was also a founder of Akasa Air. He was also referred to as India's Warren Buffett or the 'Big Bull of India'. Rakesh Jhunjhunwala was widely known for his stock market predictions and bullish outlooks. Read more about Rakesh Jhunjhunwala net worth, family, early background, house, and other significant details. Rakesh Jhunjhunwala was indomitable. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. He was also very passionate about India’s progress. His passing away is saddening. My condolences to his family and admirers. Om Shanti. Also Read| Who Are The Top 15 Richest People Of The World? Forbes World's Billionaires List 2022 Rakesh Jhunjhu...

Brokerage house Motilal Oswal has maintained its bullish stance on Federal Bank, a part of Big Bull's portfolio, after the company posted its business update for the quarter ended December 2021.  The stock opened a tad higher at Rs 88.80 against the previous close of Rs 88.45 on BSE. It has been gaining for the last four trading sessions and has risen 8.79 per cent during the same period.  With a market capitalisation of more than Rs 18,700 crore, the shares stand higher than 5 day, 20 day, 100 day and 200 day moving averages but lower than 50 day moving averages.  Motilal Oswal noted that the bank posted a strong recovery in business trends, despite a challenging environment amid the pandemic. Gross advances rose 12.1 per cent on a year-on-year (YoY) basis to Rs 1,40,000 crore and reported strong sequential growth of 4.6 per cent in 3QFY22 (v/s 3.4 per cent QoQ growth in 2QFY22). It said that the growth was led by healthy traction across all segments.  According to the report, Federal Bank's total deposit base grew 8.5 per cent YoY (+2 per cent QoQ) to Rs 1,75,000 crore. Total customer deposits increased 8.7 per cent YoY (+1.1 per cent QoQ), while CASA deposits witnessed strong traction and rose 15 per cent YoY (+3.5 per cent QoQ).  Accordingly, the CASA ratio improved 52 basis points QoQ to 36.7 per cent  ̶  the highest level achieved by Federal Bank. Conversely, term deposit growth was broadly flat sequentially (-0.2 per cent QoQ).  The report noted that the li...