These stocks made Rakesh Jhunjhunwala net worth increase by Rs 7,000 crore in less than seven months
Rakesh Jhunjhunwala’s stock selection strategy is influenced by the strategy of George Soros and Marc Faber. He often says that trend is the friend and follows the philosophy of “buying right and sitting tight”
As we all know Rakesh Jhunjhunwala is extremely bullish on this jewellery company Titan, half of his portfolio is invested in it, with a holding value worth Rs 10,115 crore. This stock has rallied from Rs 1,560 to Rs 2,350 with a 52 per cent return in less than seven months, which helped him make huge money.
He has a sizable chunk of stake, 10.8 per cent in this gaming company Nazara Technologies, his holding value worth Rs 1,030 crore. This stock has rallied from Rs 1,639 to Rs 3,062 with an 86 per cent return in less than seven months.
Another top holding is the rating service provider company Crisil Ltd. Rakesh Jhunjhunwala has a holding value worth Rs 1,147 crore. This stock has rallied from Rs 1,789 to Rs 2,902 with a 61 per cent return in the same period.
On March 31, 2021, his net worth was around Rs 16,700 crore. Today it has increased to around Rs 23,900 crore.
Investment advise to young investors
Jhunjhunwala’s stock selection strategy is influenced by the strategy of George Soros and Marc Faber. Jhunjhunwala has often said that trend is the friend, and he follows the philosophy of “buying right and sitting tight”.
Decisions are based on fundamentals than market noise or shortsightedness is what has sailed him through.
If you are entering the stock market, keep a long-term perspective. A trader mindset will keep you hooked on shortsighted buys and sells which may or may not work in your favour.
As an investor, you are putting money into the business model of the company. In simple terms, you should invest in a business if the revenue model has growth potential and is sustainable to the changing environment.
Rakesh Jhunjhunwala made knowledge his greatest asset. He is smart and well versed in the functions of the market. For new entrants, veterans' advice would always give some direction in their beginning of investment journey.