‘Oracle of Dalal Street’ Rakesh Jhunjhunwala’s Business Success Stories: 10 Points


'Oracle of Dalal Street' Rakesh Jhunjhunwala's Business Success Stories: 10 Points

Rakesh Jhunjhunwala: India’s ‘Warren Buffett’ Rakesh Jhunjhunwala dies at 62

Rakesh Jhunjhunwala: The many business success stories of India’s Warren Buffett, who died Sunday morning.

Here Is Your 10-Point Guide To The Story:

  1. Rakesh Jhunjhunwala runs his asset management company, Rare Enterprises, and oversees his portfolio. RARE Enterprises, a privately held stock trading company, with the name a combination of his first two initials and those of his wife, Mrs Rekha Jhunjhunwala. He is India’s 52nd richest person, with a net worth of $5.8 billion (about Rs 46,000 crore), according to Forbes, and significant holdings in more than 30 Indian stocks.

  2. After graduating as a chartered accountant from Sydenham College in 1985, Rakesh Jhunjhunwala, called the “Oracle of Dalal Street” — a play on Buffett’s moniker and the location of the Bombay Stock Exchange — invested Rs 5,000 in the stock market when the 30-share BSE Sensex was at 150 points and currently on Friday, the index closed at 59,462.78 points.

  3. A year after making his debut on the stock market, he made his first significant profit of Rs 5 lakh in 1986. Tata Tea sold at Rs 143 three months after he purchased 5,000 shares for Rs 43. By selling the Tata tea stocks, he realised a profit that was more than three times what he had invested.

  4. Rakesh Jhunjhunwala purchased Titan Company Limited in 2002-2003 for an average price of Rs 3, and currently, it is selling for Rs 2,140. He owns over 4.4 billion shares of Titan. As of March 2022, he held over 5 per cent of the corporation “overall.”

  5. He invested in LUPIN in 2006, paying an average of Rs 150 for each purchase. LUPIN is currently trading for Rs 635. The portfolio of Rakesh Jhunjhunwala also includes other multi-baggers like CRISIL, PRAJ IND, Aurobindo Pharma, NCC, etc.

  6. Rakesh Jhunjhunwala has over Rs 21,000 crore holdings in different Indian companies. His portfolio includes companies like Star Health, Titan, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies and Tata Motors. Overall, he had stake in 47 companies at the end of the June quarter. Titan, Star Health, Tata Motors and Metro Brands were some of his largest holdings.

  7. Rakesh Jhunjhunwala is a movie producer apart from serving on the boards of directors for significant businesses, including Prime Focus Ltd., Geojit BNP Paribas financial services, Praj Industries, Concord Biotech, Viceroy Hotels, etc,. Movies like “English-Vinglish,” “Shamitabh,” and “Ki and Ka” were produced by him. He oversees Hungama Digital media entertainment Pvt Ltd as its chairman.

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

  9. Before that, the Big Bull also invested in a new business called Steel Authority of India Limited, or SAIL. Rakesh Jhunjhunwala purchased a new interest during the April to June 2021 quarter. He has also invested in Akasa Air to break into the airline business this year.

  10. Akasa Air is his most recent investment, foraying into the aviation industry. Together with former Indigo President Aditya Ghosh, who will own 10 per cent, he co-founded the new airline and has a 40 per cent stake in it. Co-founding Akasa Air was a rare departure into entrepreneurship for Rakesh Jhunjhunwala, who made his fortune on the stock exchange as a value share investor and is often compared to the Berkshire Hathaway chairman and CEO.



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