Rakesh Jhunjhunwala’s first big profit came from these Tata Group shares

Ace investor with Midas touch Rakesh Jhunjhunwala died early Sunday morning due to cardiac arrest. The Big Bull of Dalal Street started investing in stocks with 5,000 and according to Forbes, Rakesh Jhunjhunwala’s net worth today is 5.8 billion. Thus, the “Warren Buffett of India” turned around 5 billion to 5.8 billion dollars in his stock investment journey that began in 1985. However, for those who scan Big Bull’s profile for value picks, there is Rakesh Jhunjhunwala news for them. It is well known that Tata group stocks always remained one of the favorite stocks in Rakesh Jhunjhunwala’s portfolio. But very few know the reason behind it. In fact, Rakesh Jhunjhunwala’s first big profit had come from Tata group stocks and thus the conviction he had for the Tata group in 1985 was further strengthened with the passage of time.

Big Bull’s first big profit

As mentioned above, Rakesh Jhunjhunwala’s first big profit was from Tata Tea shares in 1986. In 1986, Rakesh Jhunjhunwala bought 5000 shares of Tata Tea paying 43 per share. Within just three months of its purchase, Tata Tea’s share price shot up 43 around 143 levels each. In the next three years, Rakesh Jhunjhunwala won around 25 lakh from Tata Tea shares, which was his first big profit in the stock market.

Tata group shares in Rakesh Jhunjhunwala’s portfolio

After this first major success, Big Bull’s affection for Tata Group stocks continued for the next 37 years. Shares of Tata Motors, Indian Hotels Company, Tata Communications and Titan Company are Tata group stocks that belonged to Rakesh Jhunjhunwala’s portfolio after the end of June 2022 quarter.

Rakesh Jhunjhunwala owned a private trading company Rare Enterprises, which derives the first two characters of his name (Ra) Rakesh Jhunjhunwala and the first two characters of his wife (Re) Rekha Jhunjhunwala.

Today, Rakesh Jhunjhunwala’s portfolio has 47 companies out of April-June 2022 quarter-ends. Star Health, Metro Brands, Canara Bank, Fortis Healthcare, Rallis India, Federal Bank are some of the prominent stocks held by Big Bull until the end of the June 2022 quarter.

When Rakesh Jhunjhunwala entered the stock market, the Sensex was at 150 points.

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About the Author: Chaz Cutler

My name is Chasity. I love to follow the stock market and financial news!