This company rallied 20% on meeting Rakesh Jhunjhunwala; is the ace investor prepping for next big investment?
Such blockbuster buying in MIRC came in after when the company met analysts, fund managers and institutional investors on Tuesday. It was none other than Rakesh Jhunjhunwala who met MIRC in the meeting representing its Rare Enterprise.
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This Rakesh Jhunjhunwala linked stock is a multibagger going forward - Here’s why you should buy The big bull of Dalal Street Rakesh Jhunjhunwala has been hitting headlines in past few days. At first there are reports which mentioned that, Jhunjhunwala is among those bidders who plan to buy IL&FS Securities Services Limited (ISSL). It needs to be noted that, Jhunjhunwala is competing with big private banks like HDFC Bank, ICICI Bank and Axis Bank for ISSL. While many were focussed on this news, there was one stock which saw massive rally on Tuesday's trading session, so much so, that it jumped by nearly 20%. Such performance comes also due to the ace investor.
Consumer electronic service provider MIRC Electronics surged by 19.96% on Sensex after ending at Rs 27.65 per piece.
Such blockbuster buying in MIRC came in after when the company met analysts, fund managers and institutional investors on Tuesday. It was none other than Rakesh Jhunjhunwala who met MIRC in the meeting representing its Rare Enterprise.
Rare Enterprises was also joined by other companies like Emkay Global,Florintree Advisors, Akashganga Investments, AUM Advisors, DSP Mutual Fund and Quant Money Managers.
The outcome of the meeting with MIRC is still awaited.
But one can expect a possible investment by Jhunjhunwala in MIRC.
Jhunjhunwala currently holds wealth of $2.7 billion as per Forbes list as on December 18,2018. Jhunjhunwala is called India's Warren Buffett. He began his trading career with $100 way back in 1985 when the Bombay Stock Exchange (BSE) index was just at 150.
Currently as per TrendLyne.com, Jhunjhunwala holds about 30 stocks in his portfolio from which his gains stand at whopping Rs 11,822.6 crore.
Among the stocks he holds, Jhunjhunwala's most valuable holding would be Titan Company where his gains are more than Rs 5,900 crore.
Rare Enterprises is privately owned by Jhunjhunwala. He derived the company's name from first two initials of his name and wife Rekha Jhunjhunwala's name.
