India’s Ace Investor Rakesh JhunJhunwala, with a net worth of more than USD 1 billion, is at the top of the list of the equity investor in India.?Like Warren Buffet,?Rakesh JhunJhunwala is also a long-term investor and considers?Radhakishan Damani as his guru.?He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. The name “Rare” derives from the first two initials of his name and his wife Rekha’s name.
Rakesh JhunJhunwala?has started his career in share trading in 1985 with $100 when the BSE indices were at 150. His first big chunk of the gain of Rs.0.5 million came from selling 5000 shares Tata Tea at Rs.143 which he bought at Rs.43 per share 3 months ago. He crossed million marks in profit by selling the share of iron ore mining company Sesa Goa (now Sesa Sterlite)?in forward trading.
Read: Rakesh JhunJhunwala Success Story from USD 100 to USD 1.8 Billion
Rakesh JhunJhunwala Latest Portfolio Holdings are as follows:
(Updated on 30th October, 2015)
|BSE Code||Company Name||Stake in %||Mkt Value of Stake (in Cr)|
|532056||Adinath Exim Res||2.40||0.05|
|500215||Agro Tech Foods.||6.90||100|
|533160||D B Realty||2.10||31|
|511072||Dewan Hsg. Fin.||3.40||229|
|538835||Intellect Design Arena||5.97||149|
|590003||Karur Vysya Bank||2.90||147|
|534091||Multi Comm. Exc.||3.90||180|
|507880||V I P Inds.||7.10||96|
Updates on Rakesh JhunJhunwala
22nd?January, 2015 :?Polaris Consulting surges over 4% as Rakesh JhunJhunwala hikes his stake from 1.58% to 3.83%.
29th?January, 2015 :?Rakesh JhunJhunwala bought 30 lakhs of Man Infra shares at Rs.36 per share totaled to Rs.10.8 crore.
2nd?February, 2015 :?Rakesh JhunJhunwala bought additional stake in Delta Corp worth Rs.11 crore. Transaction includes 12 lakhs shares at Rs.91.75 per share.
11th?February, 2015 😕Rakesh JhunJhunwala bought 34 lakhs of Polaris Healthcare shares through a bulk deal at an average price of Rs.119.35 per share pegging the transaction value at Rs 41.6 crore.
7th?April, 2015 😕Rakesh JhunJhunwala Raised his stake in Escorts by 2.67% to achieve holding of 4.08%.
24th?April, 2015 😕Rakesh Radehshyam JhunJhunwala sold 24,35,500 shares of Sterling Holidays Resorts India at the rate of Rs.276 per share.
29th?April, 2015 : Rakesh JhunJhunwala further sold 6,22,447 shares of Sterling Holidays Resorts India?at the rate of Rs.270 shares.
14th?October, 2015 :?Rakesh JhunJhunwala purchased 2.24% stake in Intellect Design Arena, in addition to 3.73% stake already held by his wife Rekha JhunJhunwala.
30th?October, 2015 : Rakesh JhunJhunwala bought 1.05% stake in Jet Airways?through an?open market transaction in name of his firm Rare Enterprises. Total number of shares acquired were?11,95,000 at an average price of Rs.422,76 per share totalled to?Rs.50.52 crore.