Mentored by Rakesh Jhunjhunwala: Star fund manager buys stake in hot new listing; his fund has delivered more than 40 per cent returns!

Falling under the Multicap category PMS (Portfolio Management Services), had delivered an awe-inspiring return of nearly 42 percent in the past year (Returns are as of September 30, 2023).

Wednesday was no ordinary day on D-Street. As the sun rose over the bustling financial hub, little did anyone know that it would witness a remarkable turn of events. The NSE benchmark Nifty 50, a true indicator of market sentiment, was about to make waves by slipping below the prestigious psychological mark of 19,000. It was a moment of tension and intrigue, as traders and investors watched their screens with bated breath.

Amidst the market turmoil, a new star was born on the trading floor – Blue Jet Healthcare Ltd. The pharmaceutical and healthcare ingredient manufacturer made its grand entrance onto the stock exchanges, and it was nothing short of a blockbuster. The Blue Jet Healthcare IPO had garnered an astounding 7.94 times oversubscription, with 13.5 crore equity shares fiercely bid for, compared to the modest 1.7 crore shares offered. The excitement was palpable.

As the opening bell rang, the stock market stage was set, and Blue Jet Healthcare took its first steps into the limelight. The stock debuted at a thrilling Rs 380 on NSE, nearly 10 percent higher than the issue price of Rs 346 set just days before. It was a debut that would be etched in the minds of traders and investors for a long time to come.

In the heat of the trading session, the stock reached an intraday high of Rs 417.95, making hearts race faster and pulses quicken. The closing act for the day was equally exhilarating, as the stock settled at a robust level of Rs 413.25 on NSE, leaving traders with a sense of victory.

However, what truly stole the spotlight that day was a mysterious bulk deal that sent ripples through the market. In a bold and intriguing move, Value Quest Investment Advisors swooped in and acquired a staggering 11,37,541 shares of Blue Jet Healthcare at Rs 388 per share. The question that lingered in the minds of traders and investors was, "Who is Value Quest Investment Advisors?"

Value Quest, it turns out, is not just another player in the market; it's a boutique SEBI-registered firm with a laser focus on the equity markets. At its helm is the seasoned Ravi Dharamshi, a man with over 20 years of experience navigating the unpredictable seas of the stock market. His mentor, the late Shri Rakesh Jhunjhunwala, is a name that commands respect in the financial world.

As of August 2023, Value Quest Investment Advisors Pvt Ltd managed an impressive AUM (Assets Under Management) of Rs 7338.26 crore, a testament to their prowess in the field. Their ValueQuest (Growth) portfolio, falling under the Multicap category PMS (Portfolio Management Services), had delivered an awe-inspiring return of nearly 42 per cent in the past year (Returns are as of September 30, 2023).

With such intriguing developments and notable figures at play, the stage was set for a captivating and suspenseful journey on the trading floor. It was a day where financial drama unfolded, and the stock market showcased its relentless ability to surprise, shock, and awe. Investors and traders alike were left with a burning question in their minds: What's next in this exhilarating market narrative?

Disclaimer - The article is for informational purposes only and not investment advice