Recently Listed Rakesh Jhunjhunwala Portfolio Stocks Get a “Buy” Tag

Recently Listed Rakesh Jhunjhunwala Portfolio Stocks Get a “Buy” Tag

Rakesh Jhunjhunwala portfolio is contemplated as “Warren Buffet of India”. The story of Rakesh Jhunjhunwala is fascinating as he is one of the self made billionaires in India. 

He is one of the most well known and respected equity investors in India. He is often called Perma Bull. He as a partner in the asset management firm “Rare Enterprise” manages his own portfolio. 

How Rakesh Jhunjhunwala Started To Invest?

Rakesh’s interest in the stock market grew after hearing a discussion his father was having with one of his father’s friends. Taking quotes from his father Jhunjhunwala told that his father had asked him to read the newspaper regularly, as it is the news that makes the stock market fluctuate. Though his father supported him in this decision to dabble, he refused to help him financially and also forbade him to take a single penny from his friends. 

Rakesh Jhunjhunwala started by enrolling himself at the Institute Of Chartered Accountancy of India. Later after getting the degree he did not proceed with that. That is the time he entered the Dalal Street. In 1985 he invested ₹ 5,000 as his capital which inflated to ₹ 11,000 crores later. 

His portfolio was hit in the March 2020 stock market crash. But he was not hit. Instead, he took that opportunity to invest. 

Rakesh Jhunjhunwala Portfolio In Philanthropy

According to the reports, Rakesh Jhunjhunwala portfolio in philanthropy comprised nutrition and education. However, by the year 2020, he gave 25 percent of his wealth to charity. His contribution includes St. Jude that provides shelter to cancer affected children, Agastya International Foundation, and Arpan, an entity that helps to create consciousness among children on sexual exploitation. 

Rakesh Jhunjhunwala Mentions HDFCs And Titans Will Not Outperform In Next 4-5 Years

Rakesh Jhunjhunwala recently said cyclical stocks and the most topped small caps and midcaps will perform better than most backed up blue chips like HDFC and Titan over the next 4-5 years.

“If you look at the valuation of cement stocks and metal stocks, and if you look at the prospect of metal stocks, there is a huge divergence there. I don't understand it yet. I think there is a great opportunity there. I am a large investor there,” Jhunjhunwala said at an AIMA Conclave.

Rakesh Jhunjhunwala Bought 5 Lakh MCX Shares In Q4

Rakesh Jhunjhunwala portfolio further increased his hold in metal and energy commodity trading platform MCX (Multi Commodity Exchange) in the quarter of March. 

He is also known as the “Big Bull” of Dalal Street. He bought 5 lakh shares of MCX in the period of three months that ended on March 31. This took his stake to 4.90 per cent from 3.92 percent. 

Rakesh Jhunjhunwala Sold Off 4 Stocks in Q4, Cut Stakes In Many Others

Rakesh Jhunjhunwala, the Big Bull, left four stocks from his holdings during the Q4. Even though he raised stakes in other fives and cut them in six. This was the data shown by the latest shareholding reports. 

Rakesh Jhunjhunwala States Commodities To Be The Best Bets Currently

“India has got all the qualities that are required for growth. We as a society only have to tap those qualities and enable our citizens. I think India is progressing and in the last three to four years, the reforms that have taken place in the form of Jan Dhan Yojana, digitization, upskilling of people, ease of doing business, and privatizing the public sector. All these things are going to lead the double digit growth in India,” says Rakesh Jhunjhunwala.

Rakesh Jhunjhunwala’s Firm Wants To Sell Mutual Funds

Alchemy Capital Management which is a Portfolio Management Service (PMS) firm in India has applied for a license for mutual funds to the regulator of the Indian capital market: Securities and Exchange Board of India (Sebi). 

Rakesh Jhunjhunwala With Nazara Technology

In March 2021, one more company got added to the Rakesh Jhunjhunwala portfolio. This is when an online gaming company got listed at both BSE and NSE. This technical company who is dealing in the online gaming business made a great debut at the Indian bourses and that too with a 79 percent premium from its public issue price band. The name of the company is Nazara Technologies. The shares of this company had investments from Rakesh Jhunjhunwala before its initial public offer. 

According to experts on the stock market, the gaming company is expected to rise more due to this covid restriction in the country. They conveyed that the market is eagerly waiting for the first quarterly report post IPO listing and the second wave of covid is going to help the fundamentals of the company further. 

The share price of Nazara Technologies had been closed at ₹ 1,577 and it is available for the long term as it is one of the emerging multibagger stocks once the covid scenario gets stable. 

Now, talking about the basics of Nazara Technologies shares, Head Of Research And Profitmart Securities said:

“Fundamentals of Nazara Technologies is quite strong and its business is expected to remain on the higher side as it deals in online gaming. Amid covid restrictions getting implemented in various parts of India, its business is expected to get a further boost. After the robust debut in the Indian bourses, people are eagerly waiting for its March quarter results which are expected to meet the market expectations if not surpass that.”

- Avinash Gorakshkar

He also stated that this is one of the quality shares to purchase amidst the falling market of India.   

 Conclusion

Rakesh Jhunjhunwala began investing in Nazara Technologies in December 2017 and today the Big bull holds 10.8 per cent shares of Nazara Technologies shares, which is worth around ₹580 crores.

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Yaseer Rashid

Yaseer Rashid got a degree in Journalism and worked as a freelancer. Later he joined News Magnify as a Business and stock writer.

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