Singer India share price

Shares of Singer India logged major gains for the second consecutive session today after late investor Rakesh Jhunjhunwala's firm RARE Enterprises purchased ...

He was a Chartered Accountant by profession and also graduated from University of Mumbai in commerce stream. Its maiden flight, QP1101, left Mumbai at 10.05 am for Ahmedabad on August 7 morning. His portfolio comprised 32 stocks with a shareholding of over 1 per cent, according to data from Trendlyne. Singer India is engaged in the business of trading or manufacturing sewing machines, related accessories and in trading of domestic appliances. ALSO READ: Market cap of the firm rose to Rs 441.81 crore on BSE.

RARE Investments, Rakesh Jhunjhunwala's investment firm, has bought 4250000 shares of Singer India at Rs 53.50 apiece.

The share price of home appliances and sewing machine maker Singer has surged by over 87 percent from Rs 43.55 to Rs 87.14 in the past month. The company reported revenue growth of 49 percent year-on-year (YoY) for the quarter ended June. It has manufacturing facilities for sewing machines in Jammu. Singer India shares closed at Rs 69.15 on August 16 against the previous close of Rs 57.65. The stock has delivered a return of over 32 percent in this calendar year. Singer India is one of the leading marketers of sewing machines and small home appliances in the country.

Shares of Singer India Ltd. have jumped about 40% in two days after the investment firm founded by late billionaire Rakesh Jhunjhunwala purchased a stake in ...

RARE Investments, the investment arm of late Rakesh Jhunjhunwala and wife Rekha, acquired 4.25 million shares, or a 7.91% stake in Singer India on Tuesday.

Commenting on the Q1 performance, Rajeev Bajaj, managing director of the firm, said, “The drop in commodity prices is expected to have a positive impact on sales and margins in the coming months. “Despite this growth, the high inflation and volatility in the raw material prices lead to price instability which impacted the consumer demand mainly in the home appliances sector. The stock opened 8.46% higher at ₹75 on the BSE and surged 20% to touch a high of ₹82.95 during the day’s trade so far. The microcap company reported profit after tax of ₹96 lakh in the first quarter ended June 2022, as against ₹28 lakh in the same period last year. As per exchange data, Jhunjhunwala's asset management firm purchased 4.25 million shares at ₹53.50 apiece after the parent sold equities via block deals. Post stake sale, Retail Holdings’ shareholding in Singer India declined to 35.31%, from 57.65% earlier.

The dairy giant termed Jhunjhunwala 'self-made' in its post.

The regulator has mandated that all loans go directly from regulated entities to customer accounts, eliminating the role of payment aggregators in these transactions. The dairy brand's famous creatives have become a part of everyone's lives. The self-made trader, investor and businessman was also known as the 'Big Bull' of Dalal Street. " Apne bal se bulland bana (self-made)," the creative read. [Payment Aggregators to Approach RBI Seeking Relief](/epaper/delhicapital/2022/aug/24/et-front/payment-aggregators-to-approach-rbi-seeking-relief/articleshow/93740361.cms) Jhunjhunwala was brought dead at the city's Breach Candy hospital.