Rakesh Jhunjhunwala is a stock market investor and popular as the “Warren Buffett of India”. Rakesh Jhunjhunwala is a common man with uncommon intelligence. Jhunjhunwala has generated a massive wealth of $2.7 Billion from Rs.5000 via stock market. In this post, we will discuss the stocks that Mr.Jhunjhunwala has invested and how he became a billionaire via stock market?
Rakesh Jhunjhunwala Success Story – 5K to $2.7 Billion
Rakesh Jhunjhunwala was born on 5th July 1960. By profession, he is a chartered accountant and instrumental in doing stock market investment as a partner in his firm RARE Enterprise. His father was an income tax investor.
From childhood days Jhunjhunwala wanted to become a pilot and later stage he wanted to become a journalist. However, he selected stock market trading and investment as a career option. He learned stock market trading from his father. He is fond of the stock market and he used to read stock market news in the newspaper.
He completed his graduation in commerce from Sydenham College. After graduation, he joined ICA and became a Chartered accountant in 1984. His career move to the stock market was not easy. He faced a lot of resistance from family, especially from his father. He never got financial support from his father for stock market career.
Jhunjhunwala started stock market investment in the year 1985. He started his career with the small capital of 5000 Rs/- At that time BSE Sensex was at level 150. He was knowing that such small capital will not help him in the stock market. To get capital, Rakesh Jhunjhunwala approached his brother and was able to raise capital of 1.5 million. With this capital, in a short span of 1 year, he earned nearly 1 million and invested this profit in 5,000 shares of Tata Power. He got massive profit in Tata Power. Apart from Tata Power he invested in Vedanta & Praj Industries for earning a profit. In addition to stock market investing he also does stock market trading to earn money. His success story in the stock market is an inspiration to many investors.
Rakesh Jhunjhunwala Best Stock Holdings
Jhunjhunwala current best stock holdings detail is given below.
Rakesh Jhunjhunwala is holding multiple Titan Stocks since long. He invested in Titan Stock at a very low rate. As per report, he is holding 8 Cr shares of Titan. His average purchase price of a stock is Rs.5 and the stock is trading right now at Rs.950. It clearly indicates that if you buy quality stock and hold it for the long term you can get very good returns.
Lupin is the next example where Jhunjhunwala has invested a lot of money. He is holding approximately 80 Lakhs shares of Lupin. He bought stock of Lupin several years ago at the price of Rs.150. Today stock of Lupin is trading at Rs.843.
CRISIL is RJ’s next stock pick. He has invested in this stock since long. CRISIL has given him more than 3000% returns. He owns roughly 40 Lakhs shares of CRISIL.
Top Holding – Rakesh Jhunjhunwala Portfolio
Top holdings in Rakesh Jhunjhunwala Stock Portfolio are Geojit Financial Services, Karur Vysya Bank, Agro Tech Foods, Titan Company, ION Exchange, Aurobindo Pharma, Edelweiss Financial Services, Prakash Industries, Man Infra, TV18 Broadcast, and Viceroy Hotels.
|Company Name||% Holding|
|Agro Tech Foods||7.09|
|D B Realty||2.06|
|Dewan Housing Fin||3.19|
|Geojit Finance Services||1.48|
|Multi Comm Exc||3.92|
|Prozone Intu Properties||2.06|
Investment Style and Stock Market Strategies
Buy Small Cap Stocks
Jhunjhunwala always invests in the small-cap stocks with the potential to become large cap. All stocks mentioned above are purchased by Rakesh Jhunjhunwala when it was small-cap stocks.
Invest for Long term
RJ buy quality stocks and remain invested for the long term. He follows buy right and hold tight investment strategy. Titan and Lupin are long term investment stock of RJ.
Invest in Quality stock with strong management and Competitive Advantage
You should invest in the quality stock with strong fundamentals and management support. Delta Corp is one example where RJ is enjoying a competitive advantage over other. It is a unique company with a business model of holding gaming license and running online portal of a casino.
I hope you enjoyed reading the inspirational story of Jhunjhunwala. Do share your views in the comment section.