Rakesh Jhunjhunwala, popularly known as the Big Bull in the stock market, turned 61 on Monday. Born in 1960 in a middle-class family, Jhunjhunwala’s name is a great example of success in the investment world. His father was an income tax officer and he started taking interest in the stock market right from his college days.
He started investing in 1985 with a capital of Rs 5,000 and then the Sensex was at around 150 points. According to Trendlyne, Jhunjhunwala’s holdings are valued at Rs 19,277 crore. Forbes has estimated his current net worth to be around Rs 34,000 crore.
Jhunjhunwala holds stake in 37 companies ranging from construction to banking and real estate sectors.
This mid-cap stock gained 80 percent in a month, market value exceeds Rs 10,000 crore
He is known to find opportunities in sectors and stocks that are not very popular with investors. He has often said that he invests in stocks when it is not popular.
Jhunjhunwala likes watch and jewelery company Titan the most among his holdings. However, he reduced his stake in the stock from 7 per cent two years ago to a little over 5 per cent by the end of March this year.
In the March quarter, he increased his stake in Fortis Healthcare, Jubilant Farmova, Agro Tech Foods, TV18 Broadcast as well as MCX.
Over the years, Jhunjhunwala has channeled profits from stock investments into the private equity segment.
He admits that he has made losses as well as success in investing but is confident that some of the companies in his portfolio will give manifold returns.
Jhunjhunwala has always believed that there is a lot of growth potential in the country. In a recent interview to Moneycontrol, he had said that the bullish phase of the market will continue as the economy is expected to see strong growth due to the recent corrections.
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