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

Rakesh Jhunjhunwala manages the asset management company Rare Enterprises and oversees the portfolio. RARE Enterprises, a privately held stock trading firm, is a combination of the first two initials of its name and the owner, Mrs. Rekha Jhunjhunwala. According to Forbes, he is India’s 52nd richest person with a net worth of $5.8 billion (roughly Rs 46,000 crore) and major holdings in over 30 Indian stocks.

In the year -share BSE Sensex was at 150 points and currently on Friday, the index closed at 59,462.78 points.

A year after his debut on the stock market, he made his first big profit of 5 million birr in 1986. Tata Tea bought 5,000 shares at 43 birr and sold them at 143 birr three months later. By selling shares of Tata Tea, he realized a profit of more than three times his investment.

Rakesh Jhunjhunwala bought Titan Company Limited at an average price of Rs 3 in 2002-2003 and is currently trading at Rs 2,140. He owns more than 4.4 billion Titan shares. In the year As of March 2022, it will hold more than 5 percent of the corporation’s “total.”

He invested in LUPINE in 2006, paying an average of Rs 150 for each purchase. LUPINE is currently priced at Rs 635. Rakesh Jhunjhunwala’s portfolio includes many other portfolios like CRISIL, PRAJ IND, Aurobindo Pharma, NCC, etc.

Rakesh Jhunjhunwala has holdings of over Rs 21,000 crore in various 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. In total, at the end of June, he had shares in 47 companies. Titan, Star Health, Tata Motors and Metro brands were some of his huge holdings.

Rakesh Jhunjhunwala is a film producer, apart from serving on the Board of Directors, including Main Focus Limited, Geojit BNP Paribas Financial Services, Praj Industries, Concorde Biotech, Viceroy Hotels, etc. Films like “English-Vinglish”, “Shamitab” and “Ki and Ka” were produced by him. Hangama Digital Media Entertainment Pvt. He oversees it as the chairman.

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.

Before that, Big Bull invested in a new business called Steel Authority of India Limited, or SAIL. Rakesh Jhunjhunwala bought a new interest in the April to June 2021 quarter. This year, he invested in Akasa Air, breaking up the airline’s operations.

Akasa Air is his latest venture into the aviation industry. He co-founded the new airline with former IndiGo president Aditya Ghosh, who owns 10 percent and owns 40 percent. Akasa Air’s co-founder Rakesh Jhunjhunwala, who made his fortune as a value-stock investor on the stock exchange and is often compared to the chairman and CEO of Berkshire Hathaway, was a rare start to an entrepreneurial career.