Rakesh Jhunjhunwala‘s stock holding including the stock portfolio of his wife Rekha Jhunjhunwala and company named Rare Enterprises has increased from Rs 2,800 crores on 8th January 2008 to about Rs 3,800 crores on 4th November 2010, according to mydigitalfc.com, making an astonishing profit of Rs. 1,000 crores for Rakesh Jhunjhunwala, the master stock-picker.
Rakesh Jhunjhunwala had equity holdings of more than 1 per cent in 15 companies as of 31st December 2008, it was reported. The portfolio was valued then at about Rs 2,800 crores. In the stock portfolio, the largest holding was in Titan Industries (valued then at Rs 662 crore) followed by Nagarjuna Constructions (Rs 443 crore) and Praj Industries (Rs 357 crores).
As of 30th September 2010, Rakesh Jhunjhunwala had holding of more than one per cent in 17 companies, two more than what he had at the end of December 2007, mydigitalfc.com reported.
Rakesh Jhunjhunwala‘s holding was valued at Rs 3,828 crores as on 3rd November 2010. The largest share holding was in Titan Industries at Rs 1,461 crores even though he had reduced his stake from 4.13 million shares to 3.81 million shares. The fabulous increase in profit happened because the share price of Titan Industries rose from Rs 1,602 then to Rs 3,833 now.
Rakesh Jhunjhunwala must be ruing having pared his holding in Titan Industries!
Rakesh Jhunjhunwala‘s second highest holding is in Lupin at Rs 718 crores. Lupin’s share price fell from Rs 609.30 on 8th January 2008 to Rs 452 on 3rd November 2010 though he increased his share holding in Lupin from 2.91 million shares to 15.89 million shares.
Rakesh Jhunjhunwala, however, suffered a severe set back in Praj Industries. His holding value in Praj Industries plumetted from Rs 357 crores to Rs 101 crores. He is, however, such a wily investor that he probably saw this coming and reduced his share holding from 14.47 million shares to 14.27 million shares. Rakesh Jhunjhunwala must, however, be ruing not selling off all the shares of Praj Industries when the going was good!! (See Also Rakesh Jhunjhunwala’s stock portfolio and best buys)