Rakesh Jhunjhunwala was made a millionaire by shares of Titan Company.
This stock of Tata Group has increased from around 3 rupees to 2.5 thousand rupees in the last 20 years. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala together held 4,48,50,970 shares of Titan during the April to June 2022 quarter, which is 5.05 percent of the company’s total paid-up capital.
Big bull of stock market Rakesh Jhunjhunwala’s departure is a big shock in the stock market. Jhunjhunwala’s portfolio includes many stocks that have made Big Bull rich little by little. However, there is also one stock in watchmaker Titan, which gave the highest return to Jhunjhunwala.
Shares bought for only three rupees
This stock of Tata Group has increased from around 3 rupees to 2.5 thousand rupees in the last 20 years. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala together held 4,48,50,970 shares of Titan during the April to June 2022 quarter, which is 5.05 percent of the company’s total paid-up capital. Big Bull Jhunjhunwala bought eight crore shares of Titan Company between 2002-2003 at an average price of Rs 3 per share. Over the past 20 years, the stock has returned 83,250 percent to its investors.
The Tata Group’s stock has risen from around Rs 1,835 to Rs 2,500 in the last one year, giving a return of around 35 per cent to its shareholders. In the last five years, this stock of Rakesh Jhunjhunwala has increased from Rs 625 to Rs 2500, which is an increase of almost 300 percent over this period.
In the last 10 years, the share price of Titan Company has increased from around 225 rupees to 2500 rupees per share, an increase of about 1000 percent during this period. Similarly, in the last 20 years, this multibagger stock has grown from Rs 3 to Rs 2,500. That is, in the last two decades, about 83 thousand 250 percent returns have come.
Enthusiasm about share market-
Note that Rakesh Jhunjhunwala had no idea about the share market. There was no formal education. His enthusiasm about Dalal Street was born mainly after listening to the talk of the stock market from his father and his friends. He himself said on several occasions that the reports of the ups and downs of the stock market in regular newspapers encouraged him more. Rakesh Jhunjhunwala also said that his father allowed him to invest in the stock market but did not give him money. He also forbade taking loans from friends.
Rakesh Jhunjhunwala was drawn like a magnet by the rise and fall of the stock market. He entered the stock market with his father’s permission even though he was empty-handed. However, he had only five thousand rupees. The year is 1985. He bought the shares of Tata in exchange of five thousand rupees. At that time the price of each share was 43. He saw huge profit within a year. The price of the stock increased by Rs. 143. Three years later he became a millionaire from that share. Because at that time the share price was 20-25 lakh rupees.
Joseph is an experienced financial journalist with a focus on Earnings News and Financial updates. He has a degree in finance and has been working as a journalist for more than 7 years. He joined Survey Paid in 2020 and his byline can be found on articles covering stock market analysis and commentary, earnings reports, and other financial news. Based in Los Angeles, CA.
Contact Email: [email protected]