Rakesh Jhunjhunwala became rich by investing in this stock, know how he had prepared his portfolio?
Rakesh Jhunjhunwala, known as the Warren Buffett of the Indian stock market, was always known for his portfolio. His understanding and cunning had brought him from zero to the pinnacle. Big Bull of Dalal Street started investing in stocks with ₹5,000. According to Forbes, Rakesh Jhunjhunwala’s net worth was 5.8 billion today.
Buffett’s journey began in 1985
India’s Warren Buffett traveled from Rs 5,000 to $5.8 billion in his stock investing journey that began in 1985. However, for those who scan Big Bull’s profile for value picks, the Tata group shares have always been one of the favorite stocks in Rakesh Jhunjhunwala’s portfolio, but the reason behind this is very few. . In fact, Rakesh Jhunjhunwala’s first big profit came from the Tata group stock and hence his faith in the Tata group grew stronger with the passage of time in 1985.
Big Bull’s first big profit
Rakesh Jhunjhunwala’s first big profit came from Tata Tea shares in 1986. At that time he bought 5000 shares of Tata Tea at a payment of ₹ 43 per share. In just three months of buying Tata Tea, the share price rose from Rs 43 to around Rs 143 per share. Rakesh Jhunjhunwala earned around Rs 25 lakh from Tata Tea shares in the next three years, which was his first biggest gainer from the stock market.
Shares of Tata Group in Rakesh Jhunjhunwala 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 were in Rakesh Jhunjhunwala’s portfolio after the end of the June 2022 quarter.
Was also the owner of a trading company
Rakesh Jhunjhunwala was the owner of a private trading company Rare Enterprises, which was a combination of the first two letters of his name (Ra) Rakesh Jhunjhunwala and the first two letters of his wife (Re) Rekha Jhunjhunwala. Rakesh Jhunjhunwala today has 47 companies in his portfolio since the end of the April to June 2022 quarter. Some of the prominent stocks are Star Health, Metro Brands, Canara Bank, Fortis Healthcare, Rallis India, Federal Bank.
