Xavier's Finance Community

Rakesh Jhunjhunwala's most eminent holdings

Indian billionaire businessman, stock trader, and investor Rakesh Jhunjhunwala passed away on August 14, 2022, in Mumbai, at 62. Jhunjhunwala, a trader and chartered accountant, was known as The Big Bull of Dalal Street, India’s Warren Buffett, and Man with the Midas Touch. 
When he was still in college, Rakesh Jhunjhunwala began experimenting with the stock market. He began his investment career in 1985 with ₹ 5,000 of borrowed funds. With a net worth of $5.8 billion at the end of the June quarter, he was India’s 36th richest person. The most valuable equities in his portfolio include Titan, Star Health and Allied Insurance Company, Metro Brands, Tata Motors, and Crisil. His ownership shares in these businesses have a staggering value range, going from over 1,000 crores to over 11,000 crores. This article hono₹the illustrious investor and examines some of his most important stocks:

1. Titan – Mr Jhunjhunwala became one of the greatest investors in the world due to the stock Titan. As of June 30, 2022, he owned 5.1% of Titan or 44,850,970 equity shares. Jhunjhunwala invested in Titan following the early 2000s dot-com bubble crash, buying about 6 lakh shares at an average price of ₹3 per share. His investment in Titan is currently worth about ₹11,086.9 crores, or almost one-third of his total holdings.
Titan shares are now trading on the BSE for roughly ₹2,471.95 per share as of August 12, 2022. 
Since August 13, 2015, Titan shares have experienced many gains, with a whopping rise of around 655% till now. The share that was trading at roughly Rs1,823.55 as of 12 August 2021, had increased by at least 35.55% in the past year. Jhunjhunwala’s steadfast belief in the success of the nation’s consumers, Titan’s entry into the jewellery market, and his connection to the Tata Group persuaded him to stay on Titan equities.

2. Crisil – CRISIL is a leading, adaptable, and innovative global analytics company seeking to enhance market performance and is India’s #1 source for rankings, statistics, analysis, research, and solutions. The company has provided objective evaluations, insightful information, and practical answers to more than 100,000 clients. In 2003, Jhunjhunwala and his wife started investing in Crisil; by 2005, they had amassed a stake of more than 8%. He believed that a credit-rating agency would be required in India’s expanding debt markets and financial services industry to help investors and bankers assess creditworthiness.
As of right now, Crisil shares are trading on the BSE for ₹3,261.60 a share, up from about ₹2,566 per share on August 12th, 2021.
Jhunjhunwala owned roughly 4,000,000 equity shares, or 1.1%, of Crisil as of June 30, 2022. A preliminary estimate of the value of his investment in Crisil is ₹1,301.9 crores. Shares of Crisil have gained by over 71% so far in these years, and they have increased by more than 27% in the previous year. The market value of the company is ₹23.824.25 billion.

3. Star Health and Allied Insurance – Recent investments made by Rakesh Jhunjhunwala include Star Health and Allied Insurance. The company went public last year, on December 10, 2021. He possesses 100,753,935 equity shares, or 17.5% of Star Health, as of June 30, 2022, with a share value of roughly ₹7,017.5 crores.
Star Health’s share price on the BSE as of August 12th, 2022, is ₹696.10.
The company launched its initial public offering from November 30 to December 3 of 2021 at a price range of ₹870 to ₹900 per share. Although the IPO’s slow demand was apparent from the fact that it did not get fully subscribed, the shares have increased by more than 42% since July of this year. The company’s market worth is around ₹40,104.98 crore.

4. Tata Motors – One of Mr Jhunjhunwala’s most recent investments was in this company during the third quarter of 2020. As of August 12, 2022, the estimated value of his stake in Tata Moto₹is around ₹1,731.1 crores. He owned 36,250,000 equity shares, or 1.1% of Tata Motors, at the end of the June 2022 quarter.
The shares were around ₹306 per share on August 12, 2021, and they are currently trading at roughly ₹477.50 per share on the BSE. 
Data available on the BSE shows that since 2020, the shares have climbed by a startling 217.5%. Shares of Tata Motors have grown by more than 56% during the past year. The company has a market value of around ₹1,58,586.12 billion.

5. Metro brands – Although Jhunjhunwala’s initial investment sum is unknown, Metro Brands, which has a value of ₹3,348 crores, is today one of his greatest bets. The footwear firm, Metro Brands, has increased in value on the BSE by more than 76% since making its market debut on December 21 of last year. Jhunjhunwala and his wife invested in Metro Brands in 2007. India’s footwear sector began a long phase of expansion driven by rising per capita income, urbanization, and premiumization during that time. 
The shares increased to a new 52-week high of ₹869 per share on August 12th, 2022.
On the BSE, shares of the company are currently trading at about ₹854.30 each. IPO’s price per piece ranged from ₹485 to ₹500. The 100% book building received 3.64 times more subscriptions on the primary market. So far in 2022, the shares have gained by an astounding over 91.5%, making many investors rich, including Jhunjhunwala. About ₹23,199.04 crore is the company’s market value.

Conclusion
The most ardent advocate of India’s economic and social potential and the Eternal India Optimist, Rakesh Jhunjhunwala, left behind a legacy and a portfolio valued at around ₹32,000 crores. After his passing, businesspeople, politicians, and investors paid tribute to him. Until the very end, Jhunjhunwala’s optimism and trust in the Indian story were seen in his appraisal of the economy and markets.

Curated By: Zauria Israfil

Zauria Israfil is a 2nd year student pursuing B.Com(H) at St. Xavier’s College (Autonomous), Kolkata and a Research Analyst of the Xavier’s Finance Community.)

1 thought on “Rakesh Jhunjhunwala”

Comments are closed.