Business
Big bull Rakesh Jhunjhunwala earns Rs 186 crore within ten minutes, buys this stock
Big bull Rakesh Jhunjhunwala made Rs 186 crore within 10 minutes of market opening today with rise in two of his key portfolio components, Titan Company and Tata Motors. The stock of Titan Company rose by Rs 37 within 10 minutes of market opening today. Jhunjhunwala and his wife Rekha together held 4,52,50,970 shares or 5.09 per cent stake in the company at the end of December quarter.
Assuming that their stake in Titan Company remained unchanged till date, the Jhunjhunwala couple made Rs 167.24 crore profit in the gems and jewellery stock within minutes of market opening today.
In the last quarter, Rakesh Jhunjhunwala held 3.57 crore shares or 4.02% stake in the firm. His wife Rekha Jhunjhunwala owned 95.40 lakh shares or 1.07% stake in the firm.
Similarly, share of Tata Motors share gained Rs 4.80 within 10 minutes of market opening today.
Jhunjhunwala owned 3.93 crore shares or 1.18% stake in the firm in Q3. The big bull made a profit of Rs 18.86 crore within 10 minutes of market opening today, assuming his stake remained unchanged till date.
With a rise in these two Tata Group stocks, Jhunjhunwala made a profit of Rs 186 crore (Rs 167.24 crore plus Rs 18.86 crore) in early trade today.
The stock of Titan closed at Rs 2,398 on NSE yesterday. It opened at Rs 2,421 at 9:15 am today and rose to Rs 2,435 at 9: 25 am, gaining Rs 37 per share against its previous close.
Titan stock has gained after two days of consecutive fall.
Later, the stock touched an intraday high of Rs 2455.4, rising 2.42% against the previous close.
Titan shares trade higher than 50 day, 100 day and 200 day moving averages but lower than 5 day and 20 day moving averages
Similarly, Tata Motors share opened Rs 4.70 higher today at Rs 476.15 on NSE. The stock closed at Rs 471.45 on NSE in the previous session. By 9:25 am , the stock rose to Rs 476.25, clocking gain of Rs 4.80 per share on NSE.
The large cap stock has gained after two days of consecutive fall.
Later, the stock touched an intraday high of Rs 487.35, rising 3.32% against the previous close.
Tata Motors stock trades higher than 100 day and 200 day moving averages but lower than 5 day, 20 day and 50 day moving averages.
The rise in the two Tata Group shares comes after stock market was roiled by weak global sentiments for last two consecutive sessions. Equity benchmarks Sensex opened 367 points higher at 56,773.05 and Nifty jumped over 90 points to 16,933.25 today. In the last two sessions, Sensex had tumbled 2,521 points and Nifty lost 763 points.
In fact, Sensex tanked 1,747 points to 56,405 and Nifty slipped 531 points to 16,842 on Monday, booking a majority of losses in the last two sessions.
Business
Apple is giving a huge discount on its gadgets: Details inside
If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.
The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.
Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.
Amazon Summer Sale May 2022: Discount offer on iPhone 13
Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.
If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.
Buy at Rs. 64,900 (MRP – Rs. 79,900)
Features of Apple iPhone 13
The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.
The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.