Rakesh Jhunjhunwala, the Warren Buffet of India, or known as the Big Bull, is no more. He ruled the Indian stock market for decades, making smart investment decisions to build an empire of overvalued stocks. ₹40,000 million. He was the 36th richest person in India, with a net worth exceeding $4 billion.
Based on information provided to the Indian stock exchanges (June 2022), Rakesh Jhunjhunwala, who recently launched his own airline Akasa Air has 32 holdings in companies. Just as an astute investment veteran, Rakesh Jhunjhunwala, placed his eggs in different baskets and spread his equity portfolio across sectors. With a relatively larger holding in real estate and construction at 13%, Jhunjhunwala invested 6% in finance, 6% in pharmaceuticals, 6% in banking, 6% in construction and contracting, 3% in sectors like computers, software, infrastructure, footwear, automobile, packaging.
Read also: Rakesh Jhunjhunwala’s 10 Investment Principles That Made Him Big Bull of Street
A qualified CA and the son of an Income Tax officer, Jhunjhunwala had entered the stock market in 1985 when the Sensex was at 150 points with only ₹5000 and as it ended its journey in 2022 Sensex is nearing the 60,000 mark.
Rakesh Jhunjhunwala’s first big profit was seen in ₹0.5 million in 1986 when he bought 5,000 shares of Tata Tea a ₹43 and in 3 months it was trading at ₹143. He made a profit of more than 3 times by selling the stocks of Tata Tea. There was no looking back then.
Jhunjhunwala never gave up his love for Tata companies and their stocks, he held 1% each in Tata Motors with shares worth Rs 1,731 cr and Tata Communications valued. ₹336cr
Read also: Rakesh Jhunjhunwala death LIVE Updates: India will miss him, says Gautam Adani
In 2002-03, Rakesh Jhunjhunwala bought shares of Titan at an average price of ₹3 and is currently trading at a higher price ₹2472. He held more than 4.4 million shares of Titan Company. He has a “global” 5.1% stake in the company as of June 2022 and is worth a lot, a lot. ₹11,000 cr.
Between the years 1986 and 1989, he did ₹20-25 lakhs from his investment in Dalal Street. His next big investment was Sesa Goa, which he initially bought into ₹28 and then increased his investment to ₹35. Soon, the stock recovered ₹65.
In an interview with the Economic Times, Rakesh Jhunjhunwala recalled buying shares in Tata Power in the midst of the Great Recession of 1986 and seeing his total net worth rise to ₹50-55 lakhs. Which he used to buy 4 thousand shares of Sesa Goa in forward trading, by value ₹1 crore. “I sold 2 to 2.5 thousand shares in ₹60-65 and another 1 lakh a ₹150-175. Then prices went up ₹2200 and sold some shares. I had a net worth ₹2-2.25 cr.”
As of June 2022, with a shareholding of 17%, Rakesh Jhunjhunwala held 100.7 million shares of Star Health and Allied Insurance Company, worth a whopping amount. ₹7017 Cr.
His other major holdings include ₹2255 cr on footwear brand Metro, ₹1285 cr in Crisil and ₹853 cr in Fortis.
“Passionate investors always make money in stock markets. You will never fail in any work if you do it with passion,” said Rakesh Jhunjhunwala.
The 62-year-old’s entry into the capital-intensive sector raised eyebrows earlier this year, with many pointing to the complicated history of billionaire-backed airlines in India, as well as the global economic outlook discouraging Jhunjhunwala had invested $35 million for an estimated 40% stake in the new airline.
“A lot of people ask why I started an airline. Instead of answering them, I say, I’m prepared for failure,” the billionaire said.
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