In the Indian stock market, Rakesh Jhunjhunwala, often known as “Big Bull,” passed suddenly on Sunday at 6:30 AM at Mumbai’s Breach Candy Hospital. He had renal problems and diabetes, which, according to reports, caused organ failure.
The expert stock trader and investor started off with just 5000 rupees when he was a young child and has grown to be the 35th richest person in the nation with a net worth of 5.5 billion dollars.
Forbes Magazine referred to Rakesh Jhunjhunwala as an investor with the Midas touch since he is regarded as having a very positive outlook on the market. Jhunjhunwala lived true to this description during his whole investment and trading career, since all equities he touched ultimately turned into multi-baggers.
When Rakesh Jhunjhunwala started his investment career, the S&P BSE Sensex was at 150 points. It is now at 59,462.78. Rakesh Jhunjhunwala’s stock trading and investing activities contributed significantly to the Sensex’s ascent.
Let’s have a look at Rakesh Jhunjhunwala’s top 10 stock holdings in order of ownership value today as the whole stock market laments the passing of a legend and the end of an era.
Rakesh Jhunjhunwala held 32 equities at the end of the second quarter of the current fiscal year, with ownership values ranging from 1.2% to 23%.
Titan Company Limited
Rakesh Jhunjhunwala’s favourite stocks were Tata Group’s Titan Company Limited, which he presently owns 5.10% of the company’s shares of.
Jhunjhunwala made investments in Titan Company Limited, one of the biggest watch and jewellery makers in the world, during the fiscal year 2002–2003. At a period when the firm was experiencing degrowth and a financial crisis, he purchased shares for between 30 and 32 rupees a share.
His current shareholdings in the firm are 4,48,50,970 and are worth 11,086.9 crore rupees.
Star Health and Allied Insurance Company
During the fiscal year 2018–19, Rakesh Jhunjhunwala started making investments in the insurance firm and together with his wife Rekha Jhunjhunwala had a 17.49% interest. At the end of the June 2022 quarter, there were 7,017.5 crores worth of shares outstanding.
The renowned investor invested a sizeable sum in the shares of this Mumbai-based footwear firm, in which he and his wife own a combined 14.40% interest (3,91,53,600 shares). At the conclusion of the June quarter, the total share value was 3348.8 core rupees.
The company’s shares, which were floated in December of last year, finished the market on Friday at a 52-week high of 869 rupees per share, enabling investors to make 221 cores in a single day.
Tata Motors Ltd
Tata Motors was another of Jhunjhunwala’s favourite stocks among the firms in the Tata Group. The investor owned 1.10 percent of the company’s shares, which were worth 1731.1 crore rupees.
The investor owned 5.5% of the shares of this Mumbai-based Indian analytical organisation, with a holding value of 1301.9 crores.
Fortis Healthcare Ltd
Jhunjhunwala owned 4.2% of the equity of Gurgaon-based private hospital chain Fortis Healthcare Ltd. His investment portfolio is currently worth 898.9 crores.
Federal Bank Ltd
One of the most popular banking sector stocks among investors was Federal Bank’s shares. The value of his investment, which he and his wife jointly owned at 3.6%, was 839 crores in the second quarter.
In the preceding fiscal year, he and his wife had also acquired 1.01% of Federal Bank (2.10 crore shares).
The investor owned 2% of this banking shares, which was worth 822.5 crores.
Indian Hotel Company
Another favourite Tata stock of the market’s major bull is the Indian Hotel Company, which is part of the Tata Group. He owned a 2.10 percent ownership (an investment of 816.3 core Indian rupees) in the Indian Hotel Company, which was established 123 years ago.
Rakesh Jhunjhunwala owned 12.6% of NCC Ltd, a company engaged in the development of extensive commercial and industrial infrastructure. The value of the stake as of the second quarter was 505.2 crore Indian rupees.