Rakesh Jhunjhunwala’s Portfolio: Since his rise in the stock market Rakesh Jhunjhunwala has always shown an attraction towards stocks of the Tata group. Rakesh Jhunjhunwala made one of his first profits in 1986 when he bought 5,000 shares of Tata Tea at Rs 43 and the stock rose to Rs 143 within three months.
This earned him over three-times profit. This supported his belief and investment strategy. The billionaire later invested in the fashion giant Titan under the Tata group. Titan turned out to be one of the biggest contributors to the magnate’s portfolio to this date.
Praises For TATAs
The ace investor has made his stance clear on his virtue of the Tata group’s future. He believes that the Tata group is one of the nation builders of modern times; its profitability and growth have been understated. Ever since the appointment of N. Chandrashekar, the big bull has promoted his bullish views on the TATA group.
N. Chandrashekar has been behind the recent transformative changes in the TATA group. Such as changes in the capital allocation, and the restructuring of the companies in such a manner that boost the growth prospects of the conglomerate.
Let us look at the stocks that had made to the list of big bull’s portfolios:
- TATA MOTORS (1.2 % or 39,250,000 shares)
Rakesh Jhunjhunwala bought into Tata motors in September 2020. Initially, he owned 36,750,000 shares, or 1.11 percent, stake at the end of the September quarter. Later during the December quarter, he increased his stake to 3.92 crore equity shares and 1.18%.
Rakesh Jhunjhunwala believes that in the near future, Tata Motors will be leading in the EV business. By announcing their arrival and heavy investment in the EV space they have made their intention clear of dominating the EV segment in India. India is known for its cost-effective production which provides Tata motors an upper hand over its global competitors.
- TITAN (4.0 % or 35,710,395 shares)
Titan Company, a Tata Group firm, is in the business of jewelry, gems, and watches. The company has grown over 36% over the quarter. The Budget 2022 decisions aimed at boosting the country’s economy. The budget reduced customs duty on cut and polished diamonds and gemstones to 5 percent.
This has uplifted the price of the company and further benefitted its shareholders. As per the company’s shareholding pattern for the quarter ended December 2021, Jhunjhunwala owned 3,57,10,395 shares or 4.02 percent stake while Rekha owned 95,40,575 shares or a 1.07 percent stake in the company.
- TATA COMMUNICATIONS (1.12% or 3,075,687 shares)
Tata communication has been a major contributor to the billionaire‘s wealth. This communication stock has given a 55.31 percent return in the last year and jumped 28.34 percent in the calendar year 2021.
Data shows Rakesh Jhunjhunwala’s wife holds 1.12% of the stake in the Tata communication aggregating to 3,075,687 shares in the company.
- INDIAN HOTELS COMPANY LTD. (2.2% or 28,566,965 shares)
The Indian Hotels Company Limited is the hospitality armTata group. The company is involved in hotels, resorts, and hospitality spaces. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala held a combined stake of 2.2 percent during the December quarter. This is a 1.05 percent increase from the September quarter.
The analyst believes that the company’s continuous focus on leveraging its brands and expanding its operations through management contracts will drive the company’s stock. The Indian Hotels are launching new brands, and creating a hospitality ecosystem is the reason behind the positive view on the stock.
These were the Tata group stocks held by the big bull out of his diverse multi-bagger portfolio. Multiple holdings in one conglomerate show his strong belief in Tata. That concludes the article, we hope you enjoyed it. Do let us know your thoughts on Rakesh Jhunjhunwala’s Portfolio.