Rakesh Jhunjhunwala, a veteran investor in Midas Touch, died of a heart attack in the early hours of Sunday. Dalal Street’s Big Bull starts investing in stocks 5,000 and according to Forbes, Rakesh Jhunjhunwala’s net worth is 5.8 billion today. So, the ‘Warren Buffett of India’ changed $5,000 to 5.8 billion in its stock investing journey that began in 1985. However, for those who scan Big Bull’s profile for value picks, Rakesh Jhunjhunwala has news. It is well known that Tata group shares have always been one of the preferred stocks. Rakesh Jhunjhunwala’s portfolio, But very few people know the reason behind it. Indeed, Rakesh Jhunjhunwala’s first big profit came from Tata Group stock and so his conviction for the Tata group in 1985 only grew stronger over time.
Big Bull’s first big profit
As mentioned earlier, Rakesh Jhunjhunwala’s first big profit came from Tata Tea shares in 1986. In 1986, Rakesh Jhunjhunwala bought 5000 shares of Tata Tea Payments. 43 per share. Tata Tea’s stock price jumped in just three months after their purchase around 43 143 each level. Rakesh Jhunjhunwala earned approx in next three years 25 lakhs from Tata Tea shares, which was his first big gain from the stock market.
Shares of Tata group in Rakesh Jhunjhunwala’s portfolio
After this first major success, Big Bull’s affinity for the Tata group’s shares continued for the next 37 years. Shares of Tata Motors, Indian Hotels Company, Tata Communications and Titan Company are shares of the Tata Group that belonged to Rakesh Jhunjhunwala’s portfolio after the end of June 2022 quarter.
Rakesh Jhunjhunwala owned a private trading company, Rare Enterprises, which gets the first two letters from his name (Ra). Rakesh Jhunjhunwala and the first two characters of his wife (Ray) Rekha Jhunjhunwala.
Today Rakesh Jhunjhunwala has 47 companies in his portfolio after the quarter ended April to June 2022. Star Health, Metro Brands, Canara Bank, Fortis Healthcare, Rallis India, Federal Bank are some of the major stocks held by Big Bull as on June 2022 quarter end.
When Rakesh Jhunjhunwala entered the stock market, the Sensex was at 150 points.
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