weather_iconAshburn | 11.32 °C | AQI 27
Friday, 8 November, 2024

---Advertisement---

Business

Rakesh Jhunjhunwala rules stock market even after death

Rakesh Jhunjhunwala Death: Even after his death, late stock market bull Rakesh Jhunjhunwala continues to rule the bourses. Rakesh Jhunjhunwala’s firm RARE Investment bought 42,50,000 shares of Singer India, which is more than 10 percent of the total paid up capital of the company. As per the information available on the BSE website, Rakesh Jhunjhunwala’s […]

Rakesh Jhunjhunwala, stock market, Singer India, RARE Investments, Singer, India, BSE
According to the information related to the bulk deal available on the BSE website, Rakesh Jhunjhunwala's company has bought 42.50 lakh shares of Singer India at the rate of Rs 53.50. In this sense, his company has so far got more than 50 percent returns compared to Wednesday's intraday high.

Rakesh Jhunjhunwala Death: Even after his death, late stock market bull Rakesh Jhunjhunwala continues to rule the bourses. Rakesh Jhunjhunwala’s firm RARE Investment bought 42,50,000 shares of Singer India, which is more than 10 percent of the total paid up capital of the company.

As per the information available on the BSE website, Rakesh Jhunjhunwala’s investment firm RARE Investments has bought a stake in Singer India.

---Advertisement---

Rakesh Jhunjhunwala’s company Rare Investment, one of the country’s leading investors, has seen a strong rally since the news of buying shares in Singer India came to light. In two days, this stock has given returns of about 45 per cent to its investors.

Also Read :-M&M shares zoom all-time high after deal with Volkswagen

---Advertisement---

Singer India shares rose more than 18 percent

On Wednesday, August 17, 2022, Singer India’s stock opened with a gain of nearly 18 per cent at Rs 81.80 on the BSE, which was its intraday high. At 9.40 in the morning, the stock has strengthened by about 14 percent and remains around Rs 79. A day earlier on Tuesday, the stock had hit the upper circuit with a gain of 20 percent.

 

RARE Investments bought stake

According to the information available on the BSE website, Rakesh Jhunjhunwala’s investment firm RARE Investments has bought a stake in Singer India. Probably this is the reason why the stock saw buying on Tuesday.

Also Read :-How INSTC corridor boost trade between India, Russia

RARE Investments bought 42,50,000 shares of Singer India, which is more than 10 per cent of the total paid up capital of the company. RARE Investments had bought these shares of the company through a bulk deal.

 

Know at what price to buy Singer India shares

According to the information related to the bulk deal available on the BSE website, Rakesh Jhunjhunwala’s company has bought 42.50 lakh shares of Singer India at the rate of Rs 53.50. In this sense, his company has so far got more than 50 percent returns compared to Wednesday’s intraday high.

Also Read :-SBI files insolvency petition against Bajaj Hindustan Sugar in NCLT Allahabad bench

 

 

Read More :- Latest Business News

 

Click Here – Download The News 24 App

 

HISTORY

Written By

Ajeyo

Updated By

Manish Shukla


Get Breaking News First and Latest Updates from India and around the world on News24. Follow News24 on Facebook, Twitter.

Related Story

Live News

---Advertisement---


live

Latest LIVE News Trending Today, Real Time Updates: Rahul Gandhi Writes Letter To US Vice President Kamala Harris

Nov 08, 2024
Latest LIVE News Trending Today, Real Time Updates
  • 16:37 (IST) 8 Nov 2024

    J&K: Visuals Of Arms & Ammunition Recovered From Two Terrorists Killed In Sopore Encounter

  • 16:33 (IST) 8 Nov 2024

    CBI Apprehends Accused Legal Officer Of Delhi Urban Shelter Improvement Board

  • 13:35 (IST) 8 Nov 2024

    Heavy Arms & Ammunition Recovered In Sopore Encounter – Sopore SSP Divya D

N24 Shorts Logo

SHORTS

Capitol Hill
Opinion

What Is Samosa Caucus? How Indian Americans Are Increasing Their Significance In US Politics?

Samosa Caucus represents the group of Indian Americans in the House of Representatives, equivalent to the lower house or the Lok Sabha of the Indian Parliament.

View All Shorts

---Advertisement---

Trending