scorecardresearchAppliance maker Singer India surges nearly 40% after Jhunjhunwala's firm buys stake

Appliance maker Singer India surges nearly 40% after Jhunjhunwala's firm buys stake

Updated: 17 Aug 2022, 01:56 PM IST
TL;DR.
Shares of Singer India Ltd. have jumped about 40% in two days after the investment firm founded by late billionaire Rakesh Jhunjhunwala purchased a stake in the tiny appliance maker.
Known as India’s Warren Buffett, Jhunjhunwala was famous for building a fortune through value investing.

Known as India’s Warren Buffett, Jhunjhunwala was famous for building a fortune through value investing.