Rakesh Jhunjhunwala: The journey from just Rs 5,000 to Rs 19,000 Cr!!
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Rakesh Jhunjhunwala started in 1985. At that time, Sensex was just at 150 points. He borrowed Rs 2.5 lakhs from one of his brother’s clients by promising to give higher returns compared to the fixed deposits.
He cracked his first big profit of Rs 0.5 million in 1986. With this, he took 5,000 shares of Tata Tea at Rs 43, and within 3 months it was trading at Rs 143. He made a 3x profit by selling the stocks of Tata tea. A great pick indeed!
Between 1986-89, he earned Rs 20-25 lakhs with smart picks. His next kingpin for investment was Sesa Goa. Rakesh Jhunjhunwala got it Rs 28 and then increased his investment to Rs 35. Soon, the stock rallied to Rs 65.
Some of his other ace cards that made him grab the title of “big bull”:
In 2002-03, Jhunjhunwala bought ‘Titan Company Limited’ at an average price of Rs 3, and a while back, it was trading at a price of Rs 817. In 2006, he invested in LUPIN and his average purchase price was Rs 150. In the recent past, LUPIN was trading at Rs 822.20!
Today, LUPIN is trading at Rs 822.20! A few other multi-baggers in his portfolio are CRISIL, PRAJ IND, Aurobindo Pharma, NCC, etc.
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
Do you follow his portfolio for buying stocks?
Source: The Economic Times and Groww
