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Street Signs: Jhunjhunwala stocks in focus, block deals pick up, and more

Shares of Syrma SGS Technology are changing hands in the grey market at a premium of just 4-5 per cent, say people in the know

Deals, mergers,
premium

Promoters, private equity players, and other large shareholders are rejoicing the sharp rebound in the secondary market

Sundar SethuramanSamie Modak
Jhunjhunwala stocks in focus

Shares of companies owned by Rakesh Jhunjhunwala will be in the limelight on Tuesday, following the ace investor’s demise on Sunday. Titan, Star Health Insurance, and Metro Brands are stocks with the highest exposure in terms of market value. Also, Jhunjhunwala had stakes in close to three dozen listed companies. “Even if a correction happens, it will be sentimental. The other reason for a correction is they may be sold by the family. But that may happen later. Even in the companies he chaired, he was not actively involved for a year or so,” said Ambareesh