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Friday, September 28, 2012

Performance of Rakesh Jhunjhunwala shares

Rakesh Jhunjhunwala portfolio shares in FY 13 Q2
Rakesh Jhunjhunwala, a billionaire investor often called as Indian Warren Buffett who recently hit the headlines by for quashing the political parties opposing the introduction of FDI in retail, has recently increased his stake in Mumbai based Godrej group engineering solution provider firm Geometric Ltd.
Rakesh Jhunjhunwala along with his wife Rekha now holds around 14.55 % stake. This stock soared 56% in Q2.
Another member of his portfolio Titan saw 13 % appreciation in price. Jewellery accounts for more than 70 % of the company's revenue and soaring gold prices put downward pressure on its revenue which capped its price rise.Opening of the retail sector for foreign equity caused even Pantaloon Retail to soar 13 % which was declining earlier.


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