Exactly two years ago, veteran investor Rakesh Jhunjhunwala died of a heart attack at the age of 62. His legacy still remains, the stocks chosen by him are still performing well. He started in the stock market with just Rs 5000 and chose some good stocks in his portfolio. Today these stocks have created an empire of billions of dollars.
Jhunjhunwala’s wealth increased so much after his death
After Rakesh Jhunjhunwala’s death, his wife Rekha Jhunjhunwala manages his portfolio. According to Trendline data, two years ago his total portfolio was Rs 33,942.63 crore, which has now become $6 billion or Rs 50,563 crore. That is, his wealth has increased by Rs 16,621 crore during this period. In such a situation, it can be said that even after Jhunjhunwala’s death, his influence is still there in the stock market.
Rakesh Jhunjhunwala’s chosen stocks?
Rakesh Jhunjhunwala has included Titan Company Limited, Star Health and Allied Insurance Company Limited, Tata Motors Ltd, Concord Biotech Limited, Metro Brands Limited and NCC Limited in his portfolio. After Jhunjhunwala’s death, four of the top 10 stocks in his portfolio have given a return of more than 100 percent.
Which share gave how much return?
Jhunjhunwala’s stock NCC gave a return of 393 per cent and traded at Rs 318.40 on Tuesday as against Rs 64.50 in August 2022. Rekha Jhunjhunwala held about 12.5 per cent stake in this company at the end of the June quarter. PSU stock Canara Bank gave a return of 131 per cent and traded at Rs 106.75 on Tuesday as against Rs 46.19 in August 2022. Jhunjhunwala’s stake in this PSU bank was 1.5 per cent at the end of the June quarter.
Shares of Indian Hotels Company Limited had surged 124 per cent to Rs 610.70 on Tuesday from Rs 271.90 in August 2022. The RJ family held 12.5 per cent stake in the Tata Group firm in Q1. Tata Motors Limited, another Tata Group firm, has also surged 120 per cent in the two-year period. Jhunjhunwala’s biggest stock bet, Titan Company Limited, gave a stellar return of 37 per cent during this period.
These shares gave negative returns
The Jhunjhunwala family owns Titan shares worth about Rs 16,000 crore. Star Health and Allied Insurance Company, the second-largest holding in the RJ family’s portfolio, is down 16.76 per cent in the past two years. Federal Bank Ltd and Fortis Healthcare Ltd rose 83 per cent. Metro Brands Ltd rose 48 per cent, while Crisil rose 39 per cent.
(Note- Before investing in any stock, please consult your market expert.)
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