Exactly two years ago, veteran investor Rakesh Jhunjhunwala died at the age of 62 due to a heart attack. His legacy continues even today, his selected stocks are still performing well. He started the stock market with just Rs 5000 and selected some good shares in his portfolio. Today these shares have created an empire worth billions of dollars.
Wealth increased so much after Jhunjhunwala’s death
After the death of Rakesh Jhunjhunwala, 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 means 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, he continues to dominate the stock market.
Rakesh Jhunjhunwala’s selected shares?
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 out of the top 10 shares of his portfolio have given returns of more than 100 percent.
Which stock gave how much return?
Jhunjhunwala’s share NCC gave 393 per cent return and traded at Rs 318.40 on Tuesday as against Rs 64.50 in August 2022. At the end of the June quarter, Rekha Jhunjhunwala held about 12.5 percent stake in this company. PSU stock Canara Bank gave 131 per cent return and traded at Rs 106.75 on Tuesday as against Rs 46.19 in August 2022. At the end of June quarter, Jhunjhunwala’s stake in this PSU bank was 1.5 percent.
Shares of Indian Hotels Company Limited rose by 124 percent to Rs 610.70 on Tuesday from the level of Rs 271.90 in August 2022. The RJ family held 12.5 percent stake in this Tata group firm in Q1. Tata Motors Limited, another Tata Group firm, has also risen 120 percent in a period of two years. Jhunjhunwala’s biggest stock bet, Titan Company Limited, gave an impressive return of 37 percent during this period.
These shares gave negative returns
Jhunjhunwala family holds shares of Titan worth about Rs 16,000 crore. Star Health & Allied Insurance Company, the second-largest holding in the RJ family’s portfolio, is down 16.76 per cent in the last two years. Federal Bank Limited and Fortis Healthcare Limited increased by 83 percent. Metro Brands Ltd. rose by 48 percent, while CRISIL rose by 39 percent.
(Note- Before investing in any share, please consult your market expert.)