October 23, 2021

Rakesh Jhunjhunwala success story – Rs 5,000 to Rs 41,000 Crores!! – Money Controll

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Rakesh Jhunjhunwala success story: According to the latest updates on Forbes, the net worth of Rakesh Jhunjhunwala is $5.6 Billion, which is equivalent to over Rs 41,000 Crores. So, how did a regular guy from Mumbai with just Rs 5,000 became one of the most successful stock investors in Indian history? This is what we are going to discuss today.

In this post, we are going to walk you through the journey of Rakesh Jhunjhunwala in the Indian stock market. How he made over Rs 41,000 Crores starting from just Rs 5,000. Let’s get started.

Rakesh Jhunjhunwala Success Story

Childhood

Rakesh Jhunjhunwala, also known as the ‘big bull’ or ‘Indian Warren Buffett’ was born on 5th July 1960 in Mumbai. His father was an Income tax officer.

Rakesh Jhunjhunwala consistently used to hear his father discussing the stock market with his friends. As he was very curious about stocks, so once he asked his father why the stock price fluctuates daily? His father suggested him to read newspapers as its the news that makes the price of stocks fluctuate.

Rakesh Jhunjhunwala also expressed his wish to pursue a career in the stock market. However, his father suggested him to first get a graduate degree from a college. Rakesh Jhunjhunwala graduated from Sydenham College in 1985 as a chartered accountant.

After graduation, he again discussed his career goal as a stock market investor with his father. To this, his father replied that he is permitted to pursue any career. However, he also added that he’s not going to give him any money, nor he can ask for the initial capital from any of his father’s friends.

Entering the stock market world

Mr Rakesh Jhunjhunwala entered the stock market with just Rs 5,000 in 1985. At that time, Sensex was at 150 points (currently Sensex is hovering at 58,500 points).

Nevertheless, soon Rakesh Jhunjhunwala was able to take an amount of Rs 2.5 lakhs from one of his brother’s clients by promising to give higher returns compared to the fixed deposits.

Rakesh Jhunjhunwala’s first big profit was Rs 0.5 million in 1986. He bought 5,000 shares of Tata Tea at Rs 43 and within 3 months it was trading at Rs 143. He made a profit of over 3 times by selling the stocks of Tata tea.

In the next few years. Rakesh Jhunjhunwala made a number of good profits from stocks. Between 1986-89, he earned Rs 20-25 lakhs. His next big investment was Sesa Goa, which he initially bought at Rs 28 and then increased his investment at Rs 35. Soon, the stock rallied to Rs 65.

Rakesh Jhunjhunwala success story

— Multi-baggers stocks in Rakesh Jhunjhunwala’s Portfolio

Rakesh Jhunjhunwala manages a privately owned stock trading firm called ‘RARE Enterprises’. The name is derived from the first two initials of his name and his wife Mrs Rekha Jhunjhunwala’s name.

During his long career in the stock market, Rakesh Jhunjhunwala invested in a number of multi-bagger stocks.

In 2002-03, Rakesh Jhunjhunwala bought ‘Titan Company Limited’ at an average price of Rs 3 and currently it is trading at a price of Rs 2160. He is holding over 4.2 crore shares of titan company. He has an ‘overall’ holding of 4.8% in the company as of June 2021

In 2006, he invested in LUPIN and his average purchase price was Rs 150. Today, LUPIN is trading at Rs 951. A few other multi-baggers in Rakesh Jhunjhunwala’s portfolio are CRISIL, PRAJ IND, Aurobindo Pharma, NCC, etc.

In a recent turn of events, Rakesh Jhunjhunwala once again made headlines for making 50 crores in just 8 days – Read More

Quick Fact: Apart from being on the board of directors of big companies like Prime Focus Ltd, Geojit BNP Paribas financial services, Praj Industries, Concord Biotech, etc, Rakesh Jhunjhunwala is also a movie producer. He has produced movies like ‘English-Vinglish’, ‘Shamitabh’, ‘Ki and Ka’. He is the chairman of Hungama Digital media entertainment Pvt Ltd.

Also read: D-Mart Founder- RK Damani Success Story [Bio, Facts, Net worth & More]

— Latest Stock Portfolio (June 21)

Here are the latest stocks with the most weightage in Rakesh Jhunjhunwala’s Portfolio (the table is updated until June 2021):

# COMPANY QUARTER NO OF SHARES CURRENT PRICE PERCENT VALUE
1 Lupin Ltd. Jun 2021 7,245,605 947.55 1.6 ₹ 6,736,963,529
2 TARC Ltd. Jun 2021 10,000,000 45.9 3.39 ₹ 438,000,000
3 CRISIL Ltd. Jun 2021 3,975,000 2713.05 5.47 ₹ 11,435,081,250
4 Autoline Industries Ltd. Jun 2021 1,751,233 57.2 5.05 ₹ 98,156,609.65
5 Fortis Healthcare Ltd. Jun 2021 32,550,000 263.2 4.31 ₹ 8,677,830,000
6 Indiabulls Housing Finance Ltd. Jun 2021 10,000,000 228.55 2.17 ₹ 2,085,000,000
7 DB Realty Ltd. Jun 2021 5,000,000 26.05 2.06 ₹ 128,500,000
8 Escorts Ltd. Jun 2021 6,400,000 1488.6 4.75 ₹ 9,430,720,000
9 VA Tech Wabag Ltd. Jun 2021 5,000,000 340.6 8.04 ₹ 1,703,250,000
10 Nazara Technologies Ltd. Jun 2021 3,294,310 2290.55 10.82 ₹ 6,977,348,580
11 The Indian Hotels Company Ltd. Jun 2021 25,010,000 185.3 2.1 ₹ 4,110,393,500
12 Tata Motors Ltd. Jun 2021 37,750,000 330.25 1.14 ₹ 11,394,837,500
13 Tata Motors Ltd. – DVR Ordinary Jun 2021 10,000,000 180.3 1.97 ₹ 1,496,000,000
14 Geojit Financial Services Ltd. Jun 2021 18,037,500 77.1 7.57 ₹ 1,386,181,875
15 Delta Corp Ltd. Jun 2021 20,000,000 253.3 7.5 ₹ 4,633,000,000
16 The Federal Bank Ltd. Jun 2021 54,721,060 81.35 2.78 ₹ 4,380,420,853
17 Jubilant Pharmova Ltd. Jun 2021 10,020,000 633.05 6.29 ₹ 6,175,326,000
18 Anant Raj Ltd. Jun 2021 10,000,000 77.6 3.39 ₹ 656,000,000
19 Wockhardt Ltd. Jun 2021 2,500,005 445.05 2.26 ₹ 1,061,252,122.5
20 Prakash Pipes Ltd. Jun 2021 312,500 158.65 1.31 ₹ 51,859,375
21 TV18 Broadcast Ltd. Jun 2021 35,000,000 38.55 2.04 ₹ 1,282,750,000
22 Tata Communications Ltd. Jun 2021 2,950,687 1409.8 1.04 ₹ 4,196,319,517.05
23 Edelweiss Financial Services Ltd. Jun 2021 15,125,000 79.55 1.61 ₹ 1,192,606,250
24 Bilcare Ltd. Jun 2021 1,997,925 69.9 8.48 ₹ 139,854,750
25 NCC Ltd. Jun 2021 78,333,266 81.9 12.84 ₹ 6,274,494,606.6
26 Rallis India Ltd. Jun 2021 19,305,820 285.35 9.93 ₹ 5,535,943,885
27 Jubilant Ingrevia Ltd. Jun 2021 5,020,000 725.8 3.15 ₹ 3,877,448,000
28 Multi Commodity Exchange Of India Ltd. Jun 2021 2,500,000 1665.75 4.9 ₹ 4,090,125,000
29 Titan Company Ltd. Jun 2021 42,650,970 2147.5 4.81 ₹ 88,976,321,065.5
30 Man InfraConstruction Ltd. Jun 2021 3,000,000 108.3 1.21 ₹ 249,450,000
31 Aptech Ltd. Jun 2021 18,112,312 310.9 44.48 ₹ 4,966,395,950.4
32 Agro Tech Foods Ltd. Jun 2021 2,003,259 1026.65 8.22 ₹ 2,025,495,174.9
33 Prozone Intu Properties Ltd. Jun 2021 3,150,000 27.9 2.06 ₹ 84,577,500
34 Orient Cement Ltd. Jun 2021 2,500,000 161.1 1.22 ₹ 392,500,000
35 The Mandhana Retail Ventures Ltd. Jun 2021 2,813,274 12.95 12.74 ₹ 43,183,755.9
36 Dishman Carbogen Amcis Ltd. Jun 2021 5,000,000 198.15 3.18 ₹ 1,001,750,000
37 Karur Vysya Bank Ltd. Jun 2021 35,983,516 49.55 4.5 ₹ 1,743,401,350.2
38 Steel Authority Of India Ltd. Jun 2021 57,500,000 114.4 1.39 ₹ 6,396,875,000

Also read: How to find where the Big Players are Investing in the Market?

— Rakesh Jhunjhunwala Stock Market Philosophy

Rakesh Jhunjhunwala considers himself as both a trader and a long-term investor. Here’s a quote from his interview with Economic times:

“Short-term trading is for short-term gain. Long-term trading is for long-term capital formation. Trading is what gives you the capital to invest. My trading also helps my investing in the sense I use a lot of technical analysis for trading at times.

If the stock is overpriced, I should sell but my trading skills tell me that the stock can remain overvalued or get more overvalued. Hence, I hold on to my investments.

So, I think they complement each other in many ways but they are two distinct compartments totally.”

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(Source: Economic Times- The journey of Rakesh Jhunjhunwala )

Further, Rakesh Jhunjhunwala is extremely bullish on India’s growing economy and its success as an emerging market.

Overall, Rakesh Jhunjhunwala’s success story is really inspiring for new and old investors. In the end, here’s an amazing quote by Rakesh Jhunjhunwala:

“Passionate investors always make money in stock markets. You will never fail in any work if you do it with passion.” – Rakesh Jhunjhunwala

That’s all for the article. Let me know what do you think of Rakesh Jhunjhunwala success story in the comment section below. Happy Investing!

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