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Making money in the stock market is considered very difficult. But there is also a man in India who has recently earned a lot of money by placing shares of the firms in debt burden or under regulatory scrutiny. This person is none other than Star Trader and Investor Rakesh Jhunjhunwala of the stock market.
Money was invested in these lending companies
(a) Owner of property worth $ 3.2 billion, Jhunjhunwala has an investment of Rs 9,200 crore in 10 shares. This year he is in the headlines with his investments. They invested money in companies like Prakash Industries, JP Associates, which are either under heavy debt burden or are under the scrutiny .
b) The name of Prakash Industries was in the list of 331 qualified cell companies, whose business was kept by the market watchers by SEBI. Later SAT removed the ban.
(c) Jp Associates' balance sheet has shifted due to heavy debt. Jhunjhunwala recently bought a stake of Rs 180 crore in the gaming company, Nazra Technologies. This is his first stint in the digital space.
2.Big earning of such
( a)If you look at the data, then in the last one year, JP Associates' shares are stuck in debt. Actually, the company is constantly taking steps to reduce the debt. That's why stock has accelerated.
( b) At the same time, Prakash Industries was recently put in the list of Shell companies, but after fighting a legal battle, the company took orders on the order of SEBI. The company's performance is continuously getting better. So the stock has seen a surge of 291 percent.
3. These companies have big share
30 listed companies in which Jhunjhunwala has more than one per cent stake, Prakash Industries shares have increased by 277 per cent. Even from Geojit BNP Paribas, they have received a return of 206% this year Jhunjhunwala owns 1.05 percent stake in this broking firm.
Apart from this, he got 206 per cent returns from VIP Industries.With Titan shares, they earned 165% more returns this year. Jhunjhunwala and his wife have 8.06 per cent share in this company. Its total value is 6,182 crores.
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Benchmark indices gained fewer points than their Asian colleagues on Monday. At 9:15 am, the S & P BSE Sensex was trading 106 points down at 35,903, while the Nifty was ruling at 50,323 with 10,763.
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On the positive sign with the Sensex, the week started with benchmark indices up by 300 points, while the Nifty rose by 90 points to 10,820 levels. The Nifty has a positive contribution to Reliance Industries, Axis Bank, ICICI Bank, HDFC Bank, and Titan Company. Barring Pharma, all other sectoral indices are trading with an increase of 0.5 to 1 percent.
Global research firm CLSA has upgraded Bharat Forge from Outperform to sell, in which target is Rs 420 a reduction of Rs 420. This is the decline of 3 percent. The Nifty Energy Index was 1 percent higher led by Reliance Infra, Tata Power, Power Grid Corp, ONGC, NTPC, GAIL, BPCL, and HPCL.
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Despite the recent state election results going against PM Narendra Modi's party, Rakesh Jhunjhunwala said that the outcome is actually good for the BJP, and he would still bet on a Modi win in 2019 Lok Sabha elections.
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SBI puts Jet Airways share price rises 3% after report of talks for Rs 1,500 crore loan from SBI.
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Shares of Jet Airways nearly 3 per cent in early trade on Monday after a report said that the loss-making air carrier is in talks with State Bank of India (SBI) for raising Rs 1,500 crore loan. The news agency PTI on Sunday reported that the airline is holding discussions with the largest public-sector lender in the country to raise loans to meet its working capital requirement and some obligations.
Jet Airways share price rallied 2.71 per cent to hit the day’s high at Rs 283.20 from previous close on BSE. Jet Airways stock is currently up trading at higher 4.45 points, or 1.61 percent, at Rs 280.55 on BSE at the time of reporting. Get a Special Offer for a Special Season! Here you will get Stock Tips Provider to start from 2 Days Free Trial Click Here- Stock Tips Provider.
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After opening higher on positive global cues, the Sensex and Nifty extended rally in the morning trade. Sensex is up more than 350 points to 36,160.54, while Nifty is trading above 10,850.
After opening higher on positive global cues, the Sensex and Nifty extended rally in the morning trade. Sensex is up more than 350 points to 36,160.54, while Nifty is trading above 10,850. Lemon Tree Hotels share price gained by more than 14% to hit the day’s high at Rs 77.80, after joint venture with War burg Pincus associate. Yes Bank share price gained by more than 2.1% to Rs 182, while ICICI Bank shares zoomed 1.3% to Rs 360.20. The rally was being led by financials, pharma and auto stocks.
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