Rekha Jhunjhunwala increased her Titan stake by 15 lakh shares, raising total ownership to 5.3%. Titans Q2 saw broad growth: domestic business up 18%, international up 86%, jewellery and emerging segments leading. With a five-year return of 200%, Titan remains a cornerstone of the Jhunjhunwala familys investment portfolio.
In the last three months, 11 penny stocks delivered gains of 30% to 215%, with three becoming multibaggers. Selected for low market capitalization, sub-Rs 20 prices, and active trading, these micro-cap stocks show strong upward momentum. While offering high returns, they carry significant risk, requiring discipline, research, and risk management.
Income-plus-arbitrage FoF schemes are drawing growing interest from fixed-income investors for their tax efficiency. These hybrid funds blend debt and arbitrage strategies, offering stability, low risk, and long-term capital gains taxed at 12.5%.
Three new mutual funds are set to open this week, namely Groww Nifty Midcap 150 ETF, Axis Income Plus Arbitrage Passive FoF, and LIC MF Consumption Fund, spanning ETFs, FoFs, and sectoral categories. Investors should align choices with risk and goals.
Global powers, including the US and China, are eyeing Mrima Hill in Kenya for its rich rare-earth deposits, sparking division and suspicion among local communities. While some fear displacement and exploitation, others see potential economic windfalls from the valuable minerals, prompting land speculation and calls for transparency in the mining sector.
