Latest news with #RekhaJhunjhunwala
Economic Times
3 days ago
- Business
- Economic Times
Rekha Jhunjhunwala's portfolio: 4 of 6 new additions outpace Sensex QTD in March quarter
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Rekha Jhunjhunwala's fresh stock picks added in the March 2025 quarter have, on the whole, outpaced the broader market, with four of six additions delivering higher returns than the BSE Sensex's 6.2% quarter-to-date gain. Nazara Technologies has emerged as the biggest gainer, soaring 31%, likely driven by bullish investor sentiment around digital entertainment and gaming. Canara Bank followed with a strong 30% return, reflecting renewed optimism in PSU banking stocks amid improving credit growth and asset quality. Geojit Financial Services also impressed with a 20% return, riding on the surge in market activity and retail participation. Wockhardt, though a modest performer, edged past Sensex with a 6% Tata Motors , a key stock in her portfolio, posted a 5.6% return, slightly underperforming the benchmark, possibly due to mixed earnings performance. Escorts Kubota , however, trailed significantly, delivering a muted 1.4% return despite positive rural common feature of all the above stocks is that she held them in the September quarter and offloaded them in the December Jhunjhunwala's bets reflect a balanced exposure across financials, auto, healthcare, and emerging tech, with select stocks notably outperforming the market to the latest shareholding data compiled by Trendlyne, Jhunjhunwala publicly holds 26 stocks with a net worth of over Rs 41,570.9 changes in her portfolio stocks would reflect after the June of the other stocks held by this celebrity investor include Singer India, Tata Communications, Crisil, Federal Bank, Indian Hotels Company, Jubilant Pharmova, Karur Vysya Bank, NCC and Fortis Healthcare among others.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
3 days ago
- Business
- Time of India
Rekha Jhunjhunwala's portfolio: 4 of 6 new additions outpace Sensex QTD in March quarter
Rekha Jhunjhunwala's fresh stock picks added in the March 2025 quarter have, on the whole, outpaced the broader market, with four of six additions delivering higher returns than the BSE Sensex's 6.2% quarter-to-date gain. Nazara Technologies has emerged as the biggest gainer, soaring 31%, likely driven by bullish investor sentiment around digital entertainment and gaming. Canara Bank followed with a strong 30% return, reflecting renewed optimism in PSU banking stocks amid improving credit growth and asset quality. Geojit Financial Services also impressed with a 20% return, riding on the surge in market activity and retail participation. Wockhardt, though a modest performer, edged past Sensex with a 6% gain. Meanwhile, Tata Motors , a key stock in her portfolio, posted a 5.6% return, slightly underperforming the benchmark, possibly due to mixed earnings performance. Escorts Kubota , however, trailed significantly, delivering a muted 1.4% return despite positive rural cues. One common feature of all the above stocks is that she held them in the September quarter and offloaded them in the December quarter. Overall, Jhunjhunwala's bets reflect a balanced exposure across financials, auto, healthcare, and emerging tech, with select stocks notably outperforming the market benchmark. According to the latest shareholding data compiled by Trendlyne, Jhunjhunwala publicly holds 26 stocks with a net worth of over Rs 41,570.9 crore. Any changes in her portfolio stocks would reflect after the June quarter. Some of the other stocks held by this celebrity investor include Singer India, Tata Communications, Crisil, Federal Bank, Indian Hotels Company, Jubilant Pharmova, Karur Vysya Bank, NCC and Fortis Healthcare among others.
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Business Standard
12-05-2025
- Business
- Business Standard
Rekha Jhunjhunwala portfolio stock nears 3-year high; up 95% from 52-wk low
Share price of Nazara Technologies today Shares of Nazara Technologies (Nazara), a leading diversified gaming and sports media platform, hit an over two-year high of ₹ 1,149.85, gaining 4 per cent on the BSE in Monday's intra-day trade. The stock price of digital entertainment company surpassed its previous high of ₹ 1,124.15 touched on September 19, 2024. It was quoting at its highest level since June 2022. In the past one month, Nazara has outperformed the market by surging 19 per cent, as compared to 6.6 per cent rise in the BSE Sensex. In the past six months, the stock has zoomed 30 per cent, as against 4 per cent gain in the benchmark index. The market price of Nazara has nearly doubled or zoomed 95 per cent from its 52-week low of ₹ 590.85 touched on May 27, 2024. The stock had hit a record high of ₹ 1,677.20 on October 11, 2021. It touched all-time low of ₹ 481.95 on March 20, 2023. Catch Stock Market LIVE Updates Rekha Jhunjhunwala, Madhusudan Murlidhar Kela hold stake in Nazara Investors Rekha Jhunjhunwala and Madhusudan Murlidhar Kela held more than 1 per cent stake in Nazara. According to March 2025 quarter shareholding pattern, Rekha Jhunjhunwala held 7.06 per cent holding, while, Madhusudan Murlidhar Kela have 1.25 per cent stake in Nazara Technologies. Strong Q3 results For the October-December quarter (Q3FY25), Nazara reported its highest-ever quarterly EBITDA of ₹ 52.4 crore, reflecting 39 per cent year-on-year growth. The company posted a revenue of ₹ 534.7 crore and profit after tax (PAT) of ₹ 13.7 crore for the same period. Nazara's core Gaming segment revenues grew by 53 per cent, fuelled by strategic acquisitions including Fusebox Games as well as strong performance by existing games such as Animal Jam. The recent licensing agreements and upcoming integrations of popular entertainment IPs are further set to enhance user growth and engagement going forward. Kiddopia's collaboration with Mattel's Barbie and Moonbug's Little Angel will strengthen engagement among young audiences, while partnerships with well-known franchises including Big Brother and Bigg Boss will enable the gaming vertical to scale, the management said. Nazara also announced the acquisition of popular gaming IPs CATS: Crash Arena Turbo Stars and King of Thieves. These games will be operated and published by Nazara Technologies, thereby ensuring revenue and profit from these will accrue directly to the listed entity. We intend to further scale this model in coming quarters. ALSO READ | Open Offer In January 2025, Axana Estates and Plutus Wealth Management along with Junomoneta Finsol have made an open offer to acquire up to 26 per cent stake in Nazara Technologies, a gaming company. The open offer price was ₹ 990 per share. The open offer was triggered after Nazara on Monday said the company received board approval to raise ₹ 495 crore from Plutus Wealth Management's founder and managing partner Arpit Khandelwal and Mithun Sacheti, co-founder of CaratLane. The two will acquire 5.4 per cent stake in the company through Axana Estates via a preferential issue of shares. Axana Estates' designated partners include Khandelwal and Sacheti. With the transaction, the promoter holding of the company will change, with Sacheti and Plutus Wealth Management becoming the main promoters. About Nazara Technologies Nazara is India's only listed gaming and Esports company, with majority ownership of several leading gaming and esports brands with presence in India, the US, and other global markets. In esports, Nazara has India's leading esports platform NODWIN Gaming and Sportskeeda/Pro Football Network in the sports media space. Nazara's offerings in the interactive gaming segment include gamified early learning ecosystems like Kiddopia and Animal Jam, a leading IP based gaming studio 'Fusebox', India's most popular cricket simulation franchise, World Cricket Championship (WCC), and a wide portfolio of casual games distributed through telco partnerships in many emerging markets. Additionally, Nazara controls Datawrkz, a digital ad tech company supporting its portfolio companies and external clients with demand-side user acquisition and supply-side ad monetization services.
Mint
09-05-2025
- Business
- Mint
Titan share price jumps 5% to hit 2-month high, adds over ₹700 cr to Rekha Jhunjhunwala's wealth. Time to buy?
Stocks in focus today: Titan, Tata Group's jewellery-to-eyewear brand, saw its share price jump 4.8% in early trade on Friday, May 9, reaching a 2-month high of ₹ 3,530 apiece, even as the broader market traded in the red. The rally came as investors cheered the company's March quarter performance, which beat analyst estimates and led to upward revisions in Titan's share price targets Domestic brokerage firm Nuvama Institutional Equities retained its 'Buy' rating on Titan share price and raised its target price to ₹ 4,541 apiece from ₹ 4,115 earlier. The brokerage highlighted that operational leverage, a revived solitaire segment, and minor hedging gains powered Titan's jewellery division to a strong EBIT margin beat of 11.9% in Q4FY25, despite gross margin pressures and a 300-basis-point year-on-year decline in the studded jewellery ratio. Robust wedding and festive demand drove 25% YoY revenue growth despite high gold prices. Nuvama anticipates continued strong demand in Q1FY26, supported by an increase in wedding dates. The brokerage has revised its FY26 and FY27 revenue estimates upwards by 4% and 5%, respectively, and PAT estimates by 2% and 5%. Similarly, Macquarie raised its target on Titan share price to ₹ 4,000 apiece while maintaining its 'Outperform' rating. Axis Securities also raised its target to ₹ 3,700 on Titan share price, though it retained a 'Hold' rating on the stock. Meanwhile, Rekha Jhunjhunwala — wife of the late investor Rakesh Jhunjhunwala — saw her wealth rise by ₹ 735 crore following the 4.8% jump in Titan's share price today. She holds a 5.15% stake (45,793,470 shares) in the company as of the March 2025 quarter, according to shareholding data. Revenue from operations grew 25% YoY to ₹ 12,581 crore, compared to ₹ 10,047 crore in Q4FY24, while total income came in at ₹ 12,730 crore, marking a 23.8% annual increase. The company's EBIT also rose 23.9% YoY to ₹ 1,411 crore. Segment-wise, the jewellry division led the growth with a 25% increase in income to ₹ 11,232 crore. The watches and wearables segment posted a 20% rise in revenue to ₹ 1,126 crore, while the eyewear business grew 16% to ₹ 192 crore. Titan's international brands delivered a robust 47% YoY growth. Revenue from emerging businesses, including Indian dress wear (Taneira), fragrances, and fashion accessories, rose 5% to ₹ 102 crore. Its subsidiary CaratLane reported a 23% YoY increase in income to ₹ 883 crore. Alongside the results, Titan announced a final dividend of ₹ 11 per share.
Mint
09-05-2025
- Business
- Mint
Titan share price jumps 5% to hit 2-month high on Q4 beat, analysts lift target price. Should you buy?
Stocks in focus today: Titan, Tata Group's jewellry-to-eyewear brand, saw its share price jump 4.8% in early trade on Friday, May 9, reaching a 2-month high of ₹ 3,530 apiece, even as the broader market traded in the red. The rally came as investors cheered the company's March quarter performance, which beat analyst estimates and led to upward revisions in target prices. Domestic brokerage firm Nuvama Institutional Equities retained its 'Buy' rating on the Titan share price and raised its target price to ₹ 4,541 apiece from ₹ 4,115 earlier. The brokerage highlighted that operational leverage, a revived solitaire segment, and minor hedging gains powered Titan's jewellry division to a strong EBIT margin beat of 11.9% in Q4FY25, despite gross margin pressures and a 300-basis-point year-on-year decline in the studded jewellry ratio. Robust wedding and festive demand drove 25% YoY revenue growth despite high gold prices. Nuvama anticipates continued strong demand in Q1FY26, supported by an increase in wedding dates. The brokerage has revised its FY26 and FY27 revenue estimates upwards by 4% and 5%, respectively, and PAT estimates by 2% and 5%. Similarly, Macquarie raised its target price on Titan share price to ₹ 4,000 apiece while maintaining its 'Outperform' rating. Axis Securities also raised its target to ₹ 3,700 on Titan share price, though it retained a 'Hold' rating on the stock. Meanwhile, Rekha Jhunjhunwala — wife of the late investor Rakesh Jhunjhunwala — saw her wealth rise by ₹ 735 crore following the 4.8% jump in Titan's share price today. She holds a 5.15% stake (45,793,470 shares) in the company as of the March 2025 quarter, according to shareholding data. Revenue from operations grew 25% YoY to ₹ 12,581 crore, compared to ₹ 10,047 crore in Q4FY24, while total income came in at ₹ 12,730 crore, marking a 23.8% annual increase. The company's EBIT also rose 23.9% YoY to ₹ 1,411 crore. Segment-wise, the jewellry division led the growth with a 25% increase in income to ₹ 11,232 crore. The watches and wearables segment posted a 20% rise in revenue to ₹ 1,126 crore, while the eyewear business grew 16% to ₹ 192 crore. Titan's international brands delivered a robust 47% YoY growth. Revenue from emerging businesses, including Indian dress wear (Taneira), fragrances, and fashion accessories, rose 5% to ₹ 102 crore. Its subsidiary CaratLane reported a 23% YoY increase in income to ₹ 883 crore. Alongside the results, Titan announced a final dividend of ₹ 11 per share. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before taking any investment decisions.
