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Daily Profit Of Rakesh Jhunjhunwala – The mid-cap stock rose 2.22 percent to a new high of Rs 319.75 against its previous close of Rs 312.80 on the BSE.
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala owned 11.5 million shares (4.31% stake) and 8.5 million shares (3.18% stake) at the end of the quarter ended December 31. of Delta Corp.
Daily Profit Of Rakesh Jhunjhunwala
Shares of Delta Corp hit a new 52-week high in early trading today. The stock, which is part of mega investor Rakesh Jhunjhunwala’s portfolio, rose 2.22 percent to a new high of Rs 319.75 against its previous close of Rs 312.80 on the BSE.
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Jhunjhunwala and his wife Rekha Jhunjhunwala owned 1.15 million shares (4.31% stake) and 8.5 million shares (3.18% stake) in the company at the end of the quarter ended December 31 Delta Air Lines.
A total of 1.52 lakh shares changed hands in the company, with a turnover of Rs 4.84 crore on BSE. The company’s market capitalization rose to Rs 8 or Rs 574.96 crore.
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The stock has gained 4.48% in the last three days. Shares of Delta Corp are trading above their 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
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The stock has increased by 101.28% in one year and by 24.18% this year. The stock hit a 52-week low of Rs 142 on April 22, 2021.
HDFC Securities is bullish on the stock’s prospects. On March 21, the brokerage issued a call option with a three-month price target of Rs 332-350 against the current market price of Rs 308.20.
“The company broke out of the rectangular pattern. After touching the recent high on 14th January 2022, it started a correction and settled around Rs 250, which also coincides with the strong demand area on the weekly chart. March 21, 2022 Today, it broke out of the rectangular pattern on the daily time frame, suggesting that the previous uptrend may continue. It has also bounced off a key support level,” the exchange house said, citing reasons for its positive stance.
At the end of the third quarter, 15 mutual funds owned 10.83% of Delta Corp, or 28.9 million shares. In the December quarter of the current financial year, 67 foreign portfolio investors (FPIs) held a 5.80% stake or 15.4 million shares in the company.
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AR Ramachandran, Co-Founder and Trainer, Tips2Trades said, “After a period of consolidation between Rs 245 and Rs 308, Delta Corp’s share price has moved out of this zone on the back of a sustained uptrend in small and midcaps and a strong response to FY22 FY22 due to economy opening. Strong Q4. Technically, a close above Rs 308 today could lead to a higher target of Rs 346-405 in the short term. Support is in the Rs 300-308 range.”
Tirthankar Das, technology and derivatives analyst, Ashika Group, said, “Delta Corp’s share price is consolidating in the Rs 250-300 range from October 2021. It managed to move higher than the range that indicated the peak and recovery of the correction phase.. The next move is up, which provides a new entry opportunity. Structurally, the stock is moving higher on the longer-term weekly chart, indicating a positive price structure. Recent bottom in 100 DMA formation provided 280- 290 Higher bottom formed near rupee area. We expect the stock to rise to Rs 340-350 in the coming weeks as momentum is expected to pick up after the range break, with volume almost double the weekly average at 620,000 shares, while the Avg is 340,000 shares. Among the oscillators, the daily RSI is on an upward trend, indicating strong momentum.”
Delta Corp reported a 5% rise in consolidated net profit to Rs 70 crore for the quarter ended December 31, 2021. The company posted a net profit of Rs 1 crore in the same period last year. Revenues rose 105% to Rs 2,472.2 crore in the third quarter from Rs 1,208.2 crore a year ago.
Delta Corp is engaged in casino management. Its sectors include real estate, gaming, hotels and more. The company manages gaming and catering activities under the DELTIN brand. The company owns three casinos in Goa including Deltin Royale, Deltin JAQK and Deltin Caravela. Home/Markets/Stock Market/Rakesh Jhunjhunwala Earned 900 Crore Rupees in Few Minutes from This Stock. Be what you are?
Rakesh Jhunjhunwala Net Worth, Stocks, Companies
Rakesh Jhunjhunwala earned 900 million rupees from this stock within minutes. Be what you are? 1 min of reading. Updated: 7 October 2021, 12:12 IST Asit Manohar Premium
Rakesh Jhunjhunwala’s net worth rose within minutes today as one of his portfolios, Titan Company, jumped to an all-time high of Rs 2,362 on the NSE – an intra-day profit of $214.35 per share. Tata shares hit record highs in early trade, helping its investor Jhunjhunwal earn Rs 900 crore in minutes.
According to Titan Corporation Q2 2022 capital structure, Rakesh Jhunjhunwala holds 3,30,10,395 shares of the company while his wife Rekha Jhunjhunwala holds 96,470,575 shares of Titan Corporation. Thus, both of them have a total of 4, 26, 50 and 970 shares of Titan.
With Titan’s stock trading at $214.35 today, Jhunjhunwala has made about Rs 900 crore (214.35 x 4, 26, 50, 970 = Rs 914 crore) from the jewelery stock.
Rakesh Jhunjhunwala Earns ₹832 Crore From These Two Stocks In One Month
Shares of Titan rose over 9 percent, pushing its market value past the Rs 2 trillion mark, after the company said it witnessed a strong recovery in demand in the July-September quarter.
Shares of Titan Corp rose 9.39 percent to a 52-week high of Rs 2 at Rs 348.45 a share on the BSE, while they jumped 9.30 percent to a 52-week high of Rs 2 at 347 on the NSE .40 Rs per piece.
Among the Tata group companies, Tata Consultancy Services (TCS) is the first Tata company to achieve this milestone and cross the Rs 2 trillion market cap mark. Its current market cap is Rs 14,19,973.35 crore.
Titan said on Wednesday it had seen a strong recovery in demand in the July-September quarter, with sales in most of its divisions at or near pre-pandemic levels.
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Titan said in its quarterly update that most stores, with the exception of a few stores in some cities, are now fully open with local restrictions in place and that overall more than 90% of stores were open in the quarter.
In addition to the intensive development of digital channels, Titan also accelerated the expansion of its retail network during the quarter.
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Biography Of Rakesh Jhunjhunwala
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Rakesh Jhunjhunwala made Rs 8.61 crore rich in one day with these two stocks. Be what you are?
Ace investor Rakesh Jhunjhunwala added Rs 8.61 crore to net worth amid strong rally in Thursday’s trading session
Grilling Cos, The Jhunjhunwala Way
Major investor Rakesh Jhunjhunwala saw his net worth increase by Rs 861 crore as two stocks in his portfolio rose sharply. Do you own these shares?
Rakesh Jhunjhunwal’s Portfolio: Bulls roar on D Street ahead of Holi, with major stock indexes up 2% on Thursday. Two stocks in Rakesh Jhunjhunwala’s portfolio, Titan Company and Star Health Insurance, increased his net worth by Rs 861 crore. In yesterday’s trade, the share price of Titan rose from Rs 2,587.30 to Rs 2,706 or Rs 118.70 per share. Similarly, Star Health Insurance also increased its stake to Rs 641 from Rs 608.80 per share. The stock rose by Rs 32.20 apiece in yesterday’s trade.
As per share ownership pattern of Titan Company, from October to December 2021, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala invested in the company. Rakesh Jhunjhunwala owns 35710395 shares of Titan Corporation which represents 4.02% of the total issued paid up capital of the company. Similarly, Rekha Jhunjhunwala holds 95,40,575 shares in Titan or 1.07% of the company. The Jhunjhunwals jointly own 4,52,50,970 shares in the company or a 5.09% stake in the Tata group flagship.
As per the latest message exchange, Big Bull Rakesh Jhunjhunwala stated that he owns 10, 07, 53, 935 shares which is 17.50% of the total issued paid up capital of the company. Shares of Titan traded at Rs 118.70 on Thursday as Rakesh Jhunjhunwala held 4, 52, 50, 970 shares in Titan Corp. Therefore, Rakesh Jhunjhunwala has a net net increase of approximately 537 crore rupees (118.70 rupees x 4, 52, 50, 970).
This Jhunjhunwala Stock Doubled Investor Wealth In A Year, Hit 52 Week High Today
Similarly, Rakesh Jhunjhunwala has 10, 07,
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