Rakesh Jhunjhunwala also called the Big Bull is the pied-piper of the Indian Stock Market. He is in the news recently for earning close to 1000 Crores in a day, post Titan reporting blockbuster Q2 Results. Yesterday we came across news of Rekha Rakesh Jhunjhunwala selling 25 lakh shares in one of his high conviction bets at Rs. 280.35. The buyer here was Small Cap World Fund. The deal was carried out via a bulk deal on the National Stock Exchange. For those who are unaware of who Rekha Rakesh Jhunjhunwala is, she is the better half of Rakesh Jhunjhunwala and is a partner at Rare Enterprises Limited. It is from the confluence of the first two characters of her and Rakesh Jhunjhunwala's name that that the name of Rakesh Jhunjhunwala's firm Rare Enterprises is derived.
Please watch the video below for the name of the company, and other details which can enable you to take a smart financial decision about the future prospects of the company
Please remember investing is an extremely risky initiative, and factors in a very high risk of capital depreciation. With such a large chunk of shares in the portfolio of these marquee investors, institutions and mutual funds, any buy or sell action on their part may significantly impact the price of the stock on the exchanges. Please exercise extreme caution and perform the highest level of due-diligence while dealing in risk based assets.
Standard Disclaimer :: The information in this article has been compiled from freely available information on the internet. None of the stocks mentioned here should be considered as recommendations to buy, and one must consult their financial advisor prior to acting on any of the information presented herewith. None of the stocks mentioned in the article and the associated video above, find a place in the portfolio of the creators of the Video and the article.
Happy Investing !!!!!!
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