 "Markets may correct in the short term. But in a bull market the correction is always sharp, swift and short-lived: Rakesh Jhunjunwala")
Savvy investors, at times, look up to their ‘investment gurus’ for taking a call on the broad market direction and even ape their stock calls. A decision, if proven correct over time, can see their stock and portfolio value surge manifold. But then, even market gurus, sometimes, falter.
The liquidity crisis at Dewan Housing Finance Corporation Limited (DHFL) has dented the fortunes of ace investor Rakesh Jhunjhunwala, who increased his stake in the troubled company in the March 2019 quarter (Q4FY19).
As per the shareholding pattern mined from ACE Equity, Rakesh Jhunjhunwala increased his stake in DHFL to by 73
