LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Rakesh Jhunjhunwala-owned Rare Enterprises buys 3 crore shares in JP Associates; stock spikes 14% intraday

Rakesh Jhunjhunwala's Rare Enterprises combines the first two letters of Rakesh's name (Ra) and her wife Rekha Jhunjhunwala's name (Re).  

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Rakesh Jhunjhunwala-owned Rare Enterprises buys 3 crore shares in JP Associates; stock spikes 14% intraday
Rakesh Jhunjhunwala's Rare Enterprises bought 3 crore shares in Jaiprakash Associates. Image source: Reuters
Written By: ZeeBiz WebTeam
Updated: Fri, Mar 16, 2018
10:37 am
ZeeBiz WebDesk
RELATED NEWS
This Rakesh Jhunjhunwala stocks portfolio is in the news - see strategy This Rakesh Jhunjhunwala stocks portfolio is in the news - see strategy
Trading in Rakesh Jhunjhunwala Stocks II Technical levels decoded by Bonanza Portfolio Trading in Rakesh Jhunjhunwala Stocks II Technical levels decoded by Bonanza Portfolio
This Rakesh Jhunjhunwala portfolio share has skyrocketed over 77 pct in less than 1 year This Rakesh Jhunjhunwala portfolio share has skyrocketed over 77 pct in less than 1 year
Know which Rakesh Jhunjhwala portfolio stock reinforced confidence among investors, Sharekhan Upgrades counter Know which Rakesh Jhunjhwala portfolio stock reinforced confidence among investors, Sharekhan Upgrades counter
Rakesh Jhunjhunwala bets on Tata Motors for his portfolio II Reasons Highlighted Rakesh Jhunjhunwala bets on Tata Motors for his portfolio II Reasons Highlighted

Shares of Jaiprakash Associates rallied nearly 15 per cent on Friday after data showed Rakesh Jhunjhunwala-owned Rare Enterprises bought some stakes in the real estate firm in a block deal. The stock gained as much as 14.88 per cent to Rs 22 on the BSE. Over 129.94 lakh shares exchanged hands on the counter, as compared to its two-week average of 105.46 lakh shares. 

On Thursday, Rakesh Jhunjhunwala's Rare Enterprises bought 3 crore shares in Jaiprakash Associates at Rs 18.37 per share amounting to nearly Rs 55 crore, as per bulk deal data available on the National Stock Exchange (NSE). 

Investors often lap up the stocks where ace investor Rakesh Jhunjhunwala invests directly or indirectly. Interestingly, the name of Jhunjhunwala's Rare Enterprises combines the first two letters of Rakesh's name (Ra) and her wife Rekha Jhunjhunwala's name (Re).  

Meanwhile, Jaiprakash Associates has been gaining for the last five days, rallying 50 per cent from Rs 14.70 on Monday to Rs 22, today's intraday high level. JP Associates registered a whopping 17 per cent gains in the previous session following the positive developments developments around the bid for Jaypee Infratech. JP Associates is Jaypee Infratech's parent company. 

Also read: This Rakesh Jhunjhunwala portfolio stock surged 347%, more to come

Wednesday’s meeting of committee of creditors seem to indicate that Adani Group could be entrusted with the task of completing the unfinished flats of Jaypee Infratech besides ensuring that lenders face minimum haircut, reported moneycontrol in a news report.

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 JhunjhunwalaJP Associate share price
RELATED NEWS
This Rakesh Jhunjhunwala stocks portfolio is in the news - see strategy This Rakesh Jhunjhunwala stocks portfolio is in the news - see strategy
Trading in Rakesh Jhunjhunwala Stocks II Technical levels decoded by Bonanza Portfolio Trading in Rakesh Jhunjhunwala Stocks II Technical levels decoded by Bonanza Portfolio
This Rakesh Jhunjhunwala portfolio share has skyrocketed over 77 pct in less than 1 year This Rakesh Jhunjhunwala portfolio share has skyrocketed over 77 pct in less than 1 year
Know which Rakesh Jhunjhwala portfolio stock reinforced confidence among investors, Sharekhan Upgrades counter Know which Rakesh Jhunjhwala portfolio stock reinforced confidence among investors, Sharekhan Upgrades counter
Rakesh Jhunjhunwala bets on Tata Motors for his portfolio II Reasons Highlighted Rakesh Jhunjhunwala bets on Tata Motors for his portfolio II Reasons Highlighted

LATEST NEWS

ICC signs deal with IMG, to live stream 541 games across 3 World Cups

LPG gas subsidy status: How to check cooking gas subsidy online in bank account, all you need know

One QR Code for all apps: Now, scan code from Google Pay, Paytm, PhonePe, Bhim UPI and more at all IOC petrol pumps for hassle free transaction

Nureca IPO Listing Today: Anil Singhvi's strategy brings handsome gains for investors as stock sees bumper listing

PUBG Mobile New State official trailer released, pre-registration on Google Play Store | All new features, details here!

NTA releases CSIR NET 2020 result, check it on on csirnet.nta.nic.in| Download it in 3 easy steps

Spider-Man 3 name revealed! See here title, cast, release date and other details

Nureca IPO Listing: In talk with Anil Singhvi, Founder & CEO Aryan Goyal reveals company's outlook

IBPS PO scorecard released on ibps.in—Here is how to check

ICSI CS results 2021 to be released today on icsi.edu—Here is how to download Executive, Professional courses marks statement

  • 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
Copyright © Zee Media Corporation Ltd. All rights reserved