Jhunjhunwala’s wealth crosses Rs 14000 crore
- The value of shares of veteran investor Rakesh Jhunjhunwala has crossed Rs 14,000 crore
- Jhunjhunwala’s shares in various companies earned hugely due to the rapid rise in the stock markets
- These include Titan Company, Escorts, Crisil, Jubilant Life, Lupin, and Rallis India.
- Jhunjhunwala’s Aggregate holdings exceeded Rs 10,000 crore in these six stocks
The value of India’s Rakesh Jhunjhunwala, a veteran investor called Warren Buffet, has crossed Rs 14,000 crore. Jhunjhunwala’s shares in various companies earned hugely due to the boom in the stock markets. In these
Titan Company, Escorts, Crisil, Jubilant Life, Lupin and Rallis India. These stocks made a tremendous comeback after the fall in March. Of these six shares, Jhunjhunwala’s Aggregate Holdings has crossed Rs 10,000 crore.
The share price of Escorts was Rs 629 as on 31 December last year, which has now risen 121 percent to Rs 1394. Jhunjhunwala had 1054 shares in the company as of September 30 as per Trendlyne’s available data. Jhunjhunwala reduced its stake in the company to 5.64 percent from 7.73 percent at the end of the September quarter.
Earnings from these shares
According to the data, Rallis India, a favorite shareholding of Jhunjhunwala, has given 65 percent returns so far this year. His 10.31 percent stake in the company is valued at Rs 557 crore as on date. He achieved 32 percent returns in Jubilant Life Sciences. The company had a share of Rs 536 on 31 December last year, which has now gone up to Rs 709. Jhunjhunwala has increased his stake in the company for three consecutive quarters. Now his stake in the company has gone up to 5.74 percent from 3.45 percent at the end of December last year.
His shareholding in Titan is valued at Rs 6,504 crore. The stock has climbed 10 percent this year. Jhunjhunwala and his wife Rekha Jhunjhunwala are continuously reducing their stake in the Tata Group company. His stake in Titan stood at 6.69 percent at the end of December last year, to 5.52 percent at the end of September.
Stake in Crisil
The Jhunjhunwala couple has maintained their stake in Crisil for the past few quarters. His 5.49 percent stake in the company is valued at Rs 789 crore. The company’s shares have gained 4 percent this year. It has climbed 83 percent from its 52-week low of Rs 1083. Lupine has given 17 percent returns this year. Jhunjhunwala’s 1.53 percent holding in this pharmaceutical company is valued at Rs 624 crore.
Similarly, his stake in Tata Motors is valued at Rs 688 crore. The stock has gained 25 percent in the last three months. Overall, Jhunjhunwala’s equity portfolio today stands at Rs 14,147 crore as per Trendlyne data, which is equivalent to Rs 14,211 crore as of June 2019