"Oracle of Dalal Street" Rakesh Jhunjhunwala's business success story: 10 points

Rakesh Jhunjhunwala runs wealth management company Rare Enterprises and oversees the portfolio. RARE Enterprises is a privately held stock trading company whose name is a combination of his first two initials and the initials of his wife, Mrs. Rekha Jhunjhunwala. According to Forbes, he is the 52nd richest person in India, with a net worth of his $5.8 billion (around Rs 46,000) and holding over 30 Indian stocks.

Rakesh Jhunjhunwala, dubbed the “Oracle of Dalal Road” after graduating from Sydenham College as a chartered accountant in 1985, used the Buffett name and location on the Bombay Stock Exchange to invest Rs 5,000 in the stock market. did. -Share BSE Sensex is at his 150 points, and now on Friday the index closed at his 59,462.78 points.

A year after his debut on the stock market, he made his first big profit in 1986 of Rs 5 million. Three months after he bought his 5,000 shares for his 43 rupees, Tatati was sold for his 143 rupees. His return more than three times what he invested.

Rakesh Jhunjhunwala bought Titan Company Limited in 2002-2003 at an average price of Rs.3 and is now priced at Rs.2,140. He owns over 4.4 billion shares of Titan. As of March 2022, he held more than his 5% of the “whole” of the company.

He invested in LUPIN in 2006, paying an average of Rs 150 per purchase. LUPIN is currently trading at Rs 635. Rakesh Jhunjhunwala’s portfolio also includes other multibaggers such as CRISIL, PRAJ IND, Aurobindo Pharma and NCC.

Rakesh Jhunjhunwala has assets worth over Rs 21 crore in various Indian companies. His portfolio includes companies such as Star Health, Titan, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies and Tata Motors. Overall, he held shares in his 47 companies at the end of his June quarter. Titan, Star Health, Tata Motors and Metro Brands were some of his largest holdings.

Rakesh Jhunjhunwala is a film producer, but he also serves on the boards of important companies such as Prime Focus Ltd., Geojit BNP Paribas Financial Services, Praj Industries, Concord Biotech and Viceroy Hotels. Films such as ‘English-Vinglish’, ‘Shamitabh’ and ‘Ki and Ka’ were produced by him. He oversees Hungama Digital media Entertainment Pvt Ltd as Chairman.

Most recently, Rakesh Jhunjhunwala invested in three stocks in the September 2021 quarter. Nalco, Canara Bank, Indiabulls Real Estate. His two stocks for the December 2021 quarter: Star Health and Allied Insurance and Metro Brands.

Before that, Big Bull also invested in a new business called Steel Authority of India Limited (SAIL). Rakesh Jhunjhunwala said from April 2021 he purchased the new stake in the June quarter. He also invested in Akasa Air this year to enter the aviation business.

Akasa Air is his latest investment and foray into the aviation industry. Together with former Indigo president Aditya Ghosh, who owns 10%, he co-founded the new airline and has a 40% stake. Co-founding Akasa Air was a rare stepping stone into entrepreneurship for Rakesh Jhunjhunwala. Rakesh Jhunjhunwala has made a fortune on the stock exchange as a value his share investor and has often been compared to the chairman and CEO of Berkshire Hathaway.