Rakesh Jhunjhunwala is a self made man from the stock market and he has shown the way to a number of traders and investors to make money in the stock markt. Have a look at the investment decision of this legend man on Spice Jet.
Spice Jet is suddenly in action as Rekha Jhunjhunwala, wife of ace investor Rakesh Jhunjhunwala, has picked up 25 lakh shares of SpiceJet which is estimated for Rs 10 crore. As per the banking sources, Jhunjhunwala bought these shares through open market transactions. The shares are said to be purchased by Jhunjhunwala on an average price of Rs 38.94 a piece which evaluated the transaction of Rs 9.73 crore.
Thus it makes sense to track this legend; however remember that the time horizon of this giant and yours may vary and thus a due deliberation needs to be undertaken and remember not to put all your eggs in one basket.
We also derive a lot of inputs from him and Jackpot Tip is a classic example.