However in one month, the share has gained 1.43%. But what sets Mr. Jhunjhunwala apart from a regular investor is that he is not easily scared by short term volatility in the stock market. While share price of Avenue Supermarts has risen 128% in last three years, stock of another peer Trent has gained 111.76% during the perod. The Mandhana Retail Ventures Ltd – Buy for a target price of Rs. Sharp Insight-rich, Indepth stories across 20+ sectors, Access the exclusive Economic Times stories, Editorial and Expert opinion. Mandhana Retail Ventures, which manufactures and sells Salman Khan’s Being Human brand of apparel, has roped in ChrysCapital as its second investor. However, sales fell 17.50% in Q3 of last fiscal to Rs 57.55 crore against sales of Rs 69.76 crore in the corresponding period of previous fiscal. Rakesh Jhunjhunwala lost hefty money in Being Human! Yesterday, Big Bull and ace investor Rakesh Jhunjhunwala expressed his interest in buying 15 per cent stake in Mandhana Retail Ventures … 06:32 PM Nov 28, 2020. His father was a designated income tax officer and had a great interest in the stock markets. Rakesh Jhunjhunwala - Get latest news on Rakesh Jhunjhunwala. Rakesh Jhunjhunwala’s Rare Enterprises purchased 12.50 lakh shares of Delta Corp at Rs 106.54 apiece on 17th Nov,2016; On 16th Dec, 2016 RJ buys 12.74% in Mandhana Retail Ventures that hold exclusive license to manufacture and sell Salman Khan’s “Being Human” brand cloths. This stock held by Jhunjhunwala hits all-time high, zooms 90% in 3 months. Net profit rose 114.84% from Rs 6.74 crore loss logged in Q2 of last fiscal. For quarter ended December 2019, the firm logged net profit of Rs 1 crore, a 72% rise in profit from Rs 0.58 crore for quarter ended December 2018. DB Realty was another thorn in Jhunjhunwala's portfolio. The Mandhana Retail Ventures - Shareholder Meeting / … Aditya Birla Sun Life Tax Relief 96 Direct-Growt.. ICICI Prudential Bluechip Fund Direct-Growth, Rakesh Jhunjhunwala buys 12.74% in Mandhana Retail Ventures. Days Trial Ace investor Rakesh Jhunjhunwala acquired a 12.74% stake in Mumbai-based apparel manufacturing firm Mandhana Retail Ventures Ltd (MVRL) on... Thread by: Dilnawaza , Mar 7, 2017 , 0 replies, in forum: Ask A Query About Your Stock Picks And Portfolio The micro cap stock has lost 1.49% in one year and 20.65% since the beginning of this year. Rakesh Jhunjhunwala held 28.13 lakh shares or 12.74% stake in Mandhana Retail Ventures which valued his stake to Rs 43.42 crore. Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. That valued his stake at Rs 2.70 crore in Q1. Rakesh Jhunjhunwala latest portfolio entrant the Mandhana retail ventures ltd jumped up after that and clocked a high of 246.30. Market cap of the firm stood at Rs 21.97 crore on BSE. Choose your reason below and click on the Report button. The ace investor took a Rs 40.71-crore hit on his portfolio with Mandhana Retail Ventures stock in three years. This will alert our moderators to take action. The ace investor took a … Jhunjhunwala has been described as India's Warren Buffett, and his investments are closely tracked by the media. Sales fell 14.46% to Rs 219.87 crore for March 2019 fiscal against sales of Rs 259.4 crore in fiscal 2018. Why follow tips? Rakesh Jhunjhunwala held nil holding in MRVL before this acquisition. Eight holdings in the portfolio of Rakesh Jhunjhunwala, namely, Mandhana Retail Ventures (down 75 per cent), Jaiprakash Associates (down 74.61 per cent), DB realty (63 per cent), Geojit Financial Services (61 per cent), Aptech (58 per cent), Prozone Intu Properties (58 per cent), DHFL (53 per cent) and Bilcare (51 per cent), have lost over 50 per cent. On an annual basis, the firm logged Rs 0.59-crore loss for fiscal ended March 2019 against profit of Rs 9.03 crore for March 2018 fiscal. Read Breaking News on Rakesh Jhunjhunwala updated and published at Zee News ... Salman Khan's Being Human Clothing, which was operating as a retail division of Mandhana Industries, demerged from the company to form Mandhana Retail Ventures (MRVL) in 2016. Share price of Aditya Birla Fashion and Future Retail have lost 25.76% and 74.47%, respectively. Rakesh Jhunjhunwala earned Rs 31 crore with this stock in three months. Jhunjhunwala acquired 2.81 million equity shares of Mandhana Retail Ventures through off-market transaction on Wednesday, the trader investor told the BSE in a filing on Thursday. This pharma share hit fresh 52-week high after Jhunjhunwala raised stake. Jhunjhunwala held 28.13 lakh shares or 12.74% stake in the firm which valued his stake at Rs 43.42 crore. Rakesh Jhunjhunwala held 28.13 lakh shares or 12.74% stake in Mandhana Retail Ventures which valued his stake to Rs 43.42 crore. Another major loser in his portfolio was Mandhana Retail Ventures, which declined 67 percent in 2019 and 80 percent in the last one year. A qualified Chartered Accountant, he invests in both his own name and his wife's, Rekha Jhunjhunwala. The firm is yet to declare its earnings for quarter ended March 2020. Share price of the retail firm crashed 93.76% causing huge losses to its shareholders during the period. Days Trial. Mandhana Retail Ventures hit upper circuit on reports of stake buy by Rakesh Jhunjhunwala 14 Dec, 2016, 08.17 PM IST Mandhana Industries in November 2014 announced the demerger of the company's retail and trading business of the brand Being Human to Mandhana Retail Ventures Limited. Rakesh Jhunjhunwala is also referred as “Indian’s Own Warren Buffet”, is one of the top stock investors in India. +Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. The realty stock fell 65 percent in 2019 and 70 percent in the last one year. Includes DocuBay and TimesPrime Membership worth ₹1499 & ₹999 resp. His father's keen interest in the markets, in turn, excited Rakesh Jhunjhunwala at an early age. 360 (109% gain) Rakesh Jhunjhunwala holds 28,13,274 of The Mandhana Retail Ventures Ltd. Ramesh Damani holds 2,27,987 shares. The ace investor took a Rs 40.71-crore hit on his portfolio with Mandhana Retail Ventures stock in three years. Jhunjhunwala’s holding, The Mandhana Retail Ventures Limited (TMRVL), surged by nearly 20% - the highest gainer on stock exchanges in terms of percentage. Share price of the firm fell to Rs 9.62 on June 30, 2020. A few months back big bull Rakesh Jhunjhunwala has purchased 12.74% stake in The Mandhana Retail Ventures Ltd (TMRVL). About Rakesh Jhunjhunwala. Rakesh Jhunjhunwala (born 5 July 1960) is an Indian Investor and trader and manages the asset firm Rare Enterprises. Download The Economic Times News App to get Daily Market Updates & Live Business News. Mandhana Retail Ventures Ltd. Mandhana Retail Ventures Limited (MRVL) manufactures textile and garments. A journey of a stock from Rs 188-level to just Rs 34 in 1 year; do you own it too? Rakesh Jhunjhunwala is the first; he … In today's trade, share price of Mandhana Retail Ventures was trading 4.63% higher at Rs 9.95 against previous close of Rs 9.51 on BSE. Currently, the share trades higher than 50 day and 100 day moving averages but lower than 5 day, 20 day and 200 day moving averages. You may also check the full holdings of RJ here. Rakesh Jhunjhunwala on Mistry-Tata fallout; says 'Expect Tatas to buy back some stake held by SP' ... GIC to invest Rs 5,512.5 cr in Reliance Retail Ventures… 360: Yes you have read it right! In fact, it is speculated that the shares of Mandhana Retail Ventures Ltd have become dear and the prices will further surge amid rumours of ace investor Rakesh Jhunjhunwala … A few months back big bull Rakesh Jhunjhunwala has purchased 12.74% stake in The Mandhana Retail Ventures Ltd (TMRVL). Choose your winners rationally in 3 simple steps! Let's reshape it today, Hunt for the brightest engineers in India. LINK. On a quarter-on-quarter basis, the firm reported 80% rise in sales in Q3 of last fiscal. Big Bull and ace investor Rakesh Jhunjhunwala is likely to buy 15 per cent stake in Mandhana Retail Ventures Ltd (MRVL), television channel ET Now reported citing sources. For reprint rights: Rakesh Jhunjhunwala bought stake in this automaker in September quarter, Indiabulls Real Estate jumps 12% as Rakesh Jhunjhunwala picks stake, Rakesh Jhunjhunwala's firm picks up stake in Indiabulls Real Estate, Analysts upbeat on this Rakesh Jhunjhunwala favourite, see up to 19% upside in stock, Rakesh Jhunjhunwala buys into TaMo, Damani hikes Spencer’s stake, Rekha Rakesh Jhunjhunwala sold 50,000 Titan shares in Q2, Inciting hatred against a certain community, 15 It promotes, operates, maintains, establishes, and deals in single and multiple brands for garments, fabrics, apparels, and fashion accessories. Buffett, and his wife 's, Rekha Jhunjhunwala June 30, 2020 Ventures in... One month, the company to blame is linked to none other than superstar Khan... Fashion and Future Retail have lost 25.76 % and 74.47 %, respectively Rs 259.4 crore in 2018. Earnings for quarter ended March 2020 on the Report button, and his investments are closely tracked the! 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