Rakesh Jhunjhunwala is creating havoc in Indian Trade Industry from the age of 12. He is a well-experienced share market expert and possesses near about everything that needs to be a perfect stock investor.
According to the Forbes’ report, he is the 53rd richest citizen of India. Rakesh Jhunjhunwala is a Charted Accountant by profession. Rare Enterprise is the name of his firm. The one-third of Rakesh jhunjhunwala portfolio stocks double in value in the year 2017.
His Recent Investment
Rakesh Jhunjhunvala’s investment of over9200 crores in 10 stocks makes him the biggest individual investor at Dalal Street. Most of his investments are in stocks of Fortis Healthcare, Prakash Industries and JP Associates. SEBI started a trading ban against Parkash Industries but SAT then lifted the ban.
JP Associates is fighting with a huge debt on their balance sheet and Fortis Healthcare are locked in litigation over claims of Rs. 3500 crore in interest and damages.
Jhunjhunwala bought a stake in gaming organization recently. This is his first ever bet on Digital Industry.
Geojit BNP Paribas is another stock in his portfolio which has delivered a return of 206% in 2017. Also, Shares of Edelweiss Securities have risen 198%. In Edelweiss Securities, Jhunjhunwala owns 1.05% of shares. In the same way, VIP industries a leading bag maker also gifted Rakesh Jhunjhunwala with 206% return.
The shares of a leading watch manufacturer Titan company have risen 165% last year. Titan Company is the crown of Jhunjhunwala’s portfolio. Titan has been his preferred pick.He and his wife hold8% stake in Titan and it was worth above Rs. 6000 crores in December 2017.
There are some other firms in the portfolio of Rakesh Jhunjhunwala . Aptech, Autoline, ION and escorts gave over 100% returns last year.
September Quarter Rejig
The shareholding figure of Sept 2017 showed that Jhunjhunwala sequentially cuts his stake at TV18 Broadcast, Titan, Federal Bank, Aurobindo Pharma Jubilant Life and JP Associates. At the end of the September 2017, Rakesh Jhunjhunwala and his wife Rekha held 7 crore shares of Titan.
In Aurobindo Pharma, he had 1.12% share as of June 30, 2017. He lowered the shares to 1%, which is a minimum of the amount any company to name the investor in shareholding data.
He had 1.03% shares in JP Associates as of June 30, 2017, but still, his name didn’t show in shareholding data of September 2017.
The total value of his portfolio is 6239 crores. Jhunjhunwala holds highest paid stocks in CRISIL, Lupin and Titan. In CRISIL he has 40 lakh shares of worth Rs. 4,44 crore. He has 78.83 lakh shares of Lupin and the value of these shares is Rs. 737 crore and in Titan he has 804.66 lakh shares of worth Rs. 1799 Crore. Also, he purchased 7 lakh shares in Aptech, an IT training firm.
He sold Tata motor’s 50 lakh shares and sold intellect Design Arena’s shares at Rs. 120 crores.