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Stock Market; Rakesh Jhunjhunwala, Ashish Kacholia, Mukul Agarwal Increased Holding In Shares | जून तिमाही में ये रहे पसंदीदा शेयर, इन शेयरों में निवेश को घटाया bhaskar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhaskar.com Daily Mail and Mail on Sunday newspapers.
As the second wave of the pandemic hit the economy and various businesses, well-known investors of Dalal Street loosened their purse strings to buy some beaten-down stocks. These stock pickers, whose purchases and sale of stocks are tracked by market participants, raised their bets or bought afresh shares of financial, metal and textiles companies in the June quarter. For instance, Rakesh Jhunjhunwala’s name showed up in June quarter holdings of Indiabulls Housing and SAIL with 2.17% and 1.39% stake, respectively. Jhunjhunwala increased stake in Edelweiss by 0.4% but lowered stake in Titan, TV18 Broadcast and Autoline Industries. Chennai-based investor Dolly Khanna’s name showed up in June quarter holdings of Deepak Spinners and Nitin Spinners, in which she owns 2.1% and 1.2% stake. Investors’ holdings of over 1% in companies appear in stock exchange disclosures. ....
’ Not just big names, even retail investors and institutional investors piled on select stocks from the sector. In 2021 till now, 38 stocks from this space have delivered multibagger returns; 24 have more than doubled since April 1, reflecting solid investor interest. This is reminiscent of the rally in metal stocks that multiplied between October 2020 and May 2021. This is at the time when the situation is yet to turn favourable for the business. JM Financial expects home textile players to report sequentially flat profit growth in Q1. However, things may change drastically from here on. Analyst commentaries have turned bullish on the textile sector. In the financial year 2021, the home textile segment saw a 7-8 per cent drop in revenues. However, that is likely to grow 20-22 per cent this financial year, said Crisil. ....
Anil Kumar Goel portfolio: Anil Kumar Goel on a selling spree; books profit in 6 stocks indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
15Jul2021 Pre-Market Commentary: The OPEC Stalemate Isn't Over Just Yet econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.