Few stocks in Jhunjhunwala’s portfolio continue to fall
Mumbai: The actions in Rakesh JhunjhunwalaThe portfolio, which fell on Tuesday, rebounded on Wednesday, but few stocks are still trading in the red.
Stocks such as CRISIL were down 2.03%, Federal Bank was down 1.09%, Karur Vyasa Bank was down 0.92%, Escorts Kubota was down 0.39% in the trading of the afternoon.
However, shares that were down sharply on Tuesday, the first trading day after Jhunjhunwala’s death, are trading today.
Stocks such as Aptech, which was down 5% on Tuesday, are trading up 0.95%, Metro Brands, which is down nearly 1%, is trading up 0.27% on Wednesday.
Iconic investor Jhunjhunwala breathed his last on Sunday. He died at the age of 62. He was known as the “Big Bull” of Dalal Street.
Jhunjhunwala started his wallet with just Rs 5,000 in 1985 and later moved to the massive wallet of Rs 11,000 crore.
He became India’s largest stock market investor, growing his portfolio to a whopping Rs 11,000 crore.
The first big profit for him came from shares in Tata Tea in 1986. His biggest investment so far would be in Titan, which was worth more than Rs 7,000 crore.
Additionally, his investments included Fortis Healthcare, Aurobindo Pharma, Ion Exchange, Lupin, Geojit Financial Services, VIP Industries, Rallis India, Jubilant Life Sciences and more.
During the 2008 crisis, his portfolio suffered a decline, but in 2012 he recouped all of his losses.
Jhunjhunwala, with his businesses as an entrepreneur and his portfolio, was among the wealthiest people in the country.
Its last stint as an investor and developer was Akasa Air, which launched last week.