ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2023
  • Adani Saga
  • Markets
    • Stocks
    • Global Markets
    • IPO
    • Companies
    • Currency
    • Commodities
  • My Money
  • Calculators
    • Income Tax Calculator
    • Home Loan/EMI Calculator
    • Mutual Fund Returns Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • SIP calculator
    • Lumpsum Calculator
    • SWP Calculator
  • Videos
    • M Se Market
    • Jeb Zindagi Zaroorat
    • Light Camera Stocks
    • Tech Takes
    • Big Bulls Ka Nishana
    • Paisa Wasool
    • Commodity Ke MrityunjayMantra
    • The Right Property Show
  • Economy & Infra
    • Policy & Initiatives
    • Agriculture
    • Telecom
    • Aviation
    • Railways
    • Retail
    • Roadways
    • World Economy
  • Exclusive
    • Wealth Guide
    • Interviews
  • Auto
    • Cars
    • Bikes
    • Electric Vehicle
    • Commercial Vehicles
  • Tech
    • Mobiles
    • Gadgets
    • Reviews
    • Tips and Tricks
    • Apps
  • Real Estate
    • Home Buyers
    • Builders
  • Axis MF
  • Trending
    • Entertainment
    • Politics
    • Lifestyle
    • Travel
    • Sports
    • Viral
    • Education
    • Jobs
Read in App
Business News » India News

Ace investor Rakesh Jhunjhunwala removes money from this stock - What should you do? Find out

Earlier, Jhunjhunwala held about 2.41% stake in Fortis. So far, in six month’s period, Fortis has only grown by 1.96% which means there were barely any earnings made by Jhunjhunwala in this stock.   

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Ace investor Rakesh Jhunjhunwala removes money from this stock - What should you do? Find out
Representational Image: Photo: Reuters

Massive changes have taken place in the ace investor Rakesh Jhunjhunwala’s portfolio, as he continues to remove money one-by-one from his 'once favorite' stocks. Interestingly, Jhunjhunwala has reduced his holding in his latest investment during December 2018 (Q3FY19) quarter, which is very surprising and does raise many eyebrows to whether one should also stay invested in the stock. Fortis Healthcare has lost some love of Jhunjhunwala. Fortis along with SpiceJet were two newly added stocks in Jhunjhunwala’s portfolio during September 2018 quarter. While SpiceJet is yet to announce its shareholding pattern, but Fortis public holding reveals the big bull’s exit.

Fortis Healthcare, in fact, has seen the biggest cut by Jhunjhunwala so far as compared to other stocks which also saw similar sentiments from the bull investor. Jhunjhunwala has cut his holding by 0.75% in Fortis. With this, now he holds about 1.66% stake in Fortis with 12,500,000 equity shares worth Rs 169.4 crore. 

Earlier, Jhunjhunwala held about 2.41% stake in Fortis. So far, in six month’s period, Fortis has only grown by 1.96% which means there were barely any earnings made by Jhunjhunwala in this stock. 

#ResultsOnZB | कैसे रहेंगे मारुति और L&T के नतीजे? समझिए Q3 नतीजों का अनुमान कुशल गुप्ता से।@KushalGupta44 @AnilSinghviZEE @deepaliranaa pic.twitter.com/7zVKprHBKl

— Zee Business (@ZeeBusiness) January 25, 2019

Should you invest in Fortis? 

Analysts at Edelweiss Securities have given a Buy Call on Fortis with a price target of Rs 141 ahead. On the company’s Q3FY19, they added, “We expect the top line to grow 5% YoY after recording four continuous quarters of decline—hospital business to grow at 4% YoY and SRL at 8%. This will be accompanied by EBITDAC growth of 8% YoY on a weak base and return to 70% occupancy.”

Fortis Healthcare Limited is a leading integrated healthcare delivery service provider in India. The healthcare verticals of the company primarily comprise hospitals, diagnostics and day care specialty facilities. Currently, the company operates its healthcare delivery services in India, Dubai, Mauritius and Sri Lanka with 45 healthcare facilities (including projects under development), approximately 10,000 potential beds and 314 diagnostic centres.
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Rakesh JhunjhunwalaRakesh Jhunjhunwala stocksFortis Healthcare
Written By: ZeeBiz WebTeam
Updated: Fri, Jan 25, 2019
07:52 am
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Rekha Jhunjhunwala picks additional stakes in this PSU bank and stock broking company – Check details Rekha Jhunjhunwala picks additional stakes in this PSU bank and stock broking company – Check details
This Rekha Jhunjhunwala-owned mutlibagger stock hits new 52-week high on securing Rs 260 cr order – Brokerage recommends this This Rekha Jhunjhunwala-owned mutlibagger stock hits new 52-week high on securing Rs 260 cr order – Brokerage recommends this
Rekha Jhunjhunwala Portfolio: Ace investor takes fresh position in this multibagger stock – scrip up 150% in 2 years Rekha Jhunjhunwala Portfolio: Ace investor takes fresh position in this multibagger stock – scrip up 150% in 2 years
Rakesh Jhunjhunwala portfolio: PSU bank stakes trimmed by 0.5% – know Q2 expectations, technical view Rakesh Jhunjhunwala portfolio: PSU bank stakes trimmed by 0.5% – know Q2 expectations, technical view
Stock to buy: This multibagger Tata Group company shares gain over 116% in a year; brokerage recommends this Stock to buy: This multibagger Tata Group company shares gain over 116% in a year; brokerage recommends this

LATEST NEWS

ITC share price up 10% post-Budget; why increase in cigarette tax is good news for company?

Meta share price rockets 24% - here is why

Buy BEL shares, price target Rs 125: ICICI Securities

New Vande Bharat Express train in Maharashtra - Check route | Indian Railways

Budget 2023: Electronic components industry body demands extension of duty concession on camera lens to other segments

OPPO Reno8 T 5G with curved screen, 108MP camera launched at Rs 29,999 - Check discounts, exchange offers and other details

Vedanta share price falls 5%; check dividend record date and payment date

Parliament Budget Session: Both Houses adjourned for the day amid Opposition protests on the Adani issue

Moody's says assessing financial flexibility of Adani Group after Hindenburg report

Samsung Galaxy Book3 Ultra Vs Book3 Pro Vs Pro 360: Full comparison of specifications and other details

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2023. India Dot Com Private Limited. All Rights Reserved.
LIVE TV