Quotes with Resistance & Support
Market Information

Rakesh Jhunjhunwala bets big on ‘Dark Horse’ Geometric Ltd

This article was posted on Nov 16, 2012 and is filed under Stock News

MUMBAI: A stone’s throw from the Mumbai headquarters of India’s largest software exporter Tata Consultancy ServicesBSE -2.23 % is the office of the CEO of Geometric LtdBSE -1.65 %, on which maverick investor Rakesh Jhunjhunwala is betting big, for reasons clear only to him.

With revenues of about 800 crore, profits of about 60 crore and market capitalisation 640 crore, IT services company Geometric, promoted by the Godrej Group, is only fraction of TCSBSE -2.23 % in size. But Jhunjhunwala probably considers it the dark horse among the IT midcaps, which analysts say will lead the next bull run among technology stocks.

From September last year, he raised his stake in Geometric, which provides engineering services to clients such as ABB, DaimlerChrysler and Toshiba, at least thrice – from about 7% to about 20%, worth 125 crore at Thursday’s closing price.

source: EconomicTimes

Tags: , , , , ,

Similar Posts:

Breakouts

+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Sir pls suggest me the two tax saving mutual fund where I invest 2000 per month for 10 yrs.thank you...view more »
- by Chandan
Status: Awaiting reply

Market Stats

  • Nasdaq
    5304.62
    +35.46
    [+0.67%]
  • Nikkei 225
    16449.84
    -243.87
    [-1.46%]
  • Hang Seng
    23297.15
    -442.32
    [-1.86%]
  • Straits Times
    2869.47
    -16.24
    [-0.56%]
  • FTSE 100
    6880.12
    -39.30
    [-0.57%]
  • CAC 40
    4415.47
    -28.37
    [-0.64%]

Search Our Archives

Latest Investment Idea

Recent Comments