Rakesh Jhunjhunwala Dies At 62, Dalal Street's Big Bull Investor Had Kidney Problems

Rakesh Jhunjhunwala, who owned a portfolio of 32 stocks worth over Rs 30,000 crore, was known as the ‘Big Bull’ and an inspiration to many aspiring traders. He was a veteran investor and stock trader famous in the BSE and NSE circuit at Dalal Street, in India's financial capital, Mumbai. He succumbed to kidney failure on Sunday morning, aged 62.

Seasoned stock trader and financial investor Mr Rakesh Jhunjhunwala has passed away at the age of 62, on Sunday morning. The well-known investor, said to be a man with the Midas touch was often referred to as “the Warren Buffet of India."

• Started off investment journey with a mere Rs 5,000

• Stepped into the world of trading in the year 1985

• By September 2018, he had invested Rs 11,000 crore

• At present, Jhunjhunwala’s net worth is Rs 43.39 crores

Sources say the investor was taken to Breach Candy Hospital at 6:45 a.m. on Sunday morning of 14th August 2022 but was declared brought dead. They further added that, he was ailing from health complications that included kidney issues, and was in fact discharged from a hospital some weeks ago.

A trader and a CA by profession, and also one of the richest men in the country, he was last seen publicly on a wheelchair at the launch of Akasa Air, of which he is a co-founder. Though the newest budget airline in India Akasa Air is still at a nascent stage.

Jhunjhunwala has also served as Chairman of Hungama Media and Aptech, and Director of Viceroy Hotels, Concord Biotech, Provogue India and Geojit Financial Services.

A young Rakesh Jhunjhunwala, or RJ as he was fondly called by many, as a college student started to try his hand (and luck) at the stock market. He took admission in the Institute of Chartered Accountants of India, however after graduation he decided to plunge directly into the famous Dalal Street, that houses the Bombay Stock Exchange - one of Asia’s oldest and world’s 10th oldest stock exchange. Jhunjhunwala began with an investment of a mere Rs 5,000 in capital in the year 1985. This capital had grown to Rs 11,000 crore by the month of September in 2018.

Rakesh Jhunjhunwala had shared about his rules and overall stock market experience. Here are some of his investment tips:

• Always invest for a longer period.

• Look at the value of a company, not the price of its shares and research that company.

• Never invest by looking at others, means to do an in-depth research of a company and then invest in that company.

• It doesn’t matter how a company performs, check how the company returns and see how it pays you dividends.

• Checking the company’s cash surplus means there is no shortage of money in the company. There is no debt of any kind on that company.

• Don’t invest all your money at once, it’s better to invest a little.

• When buying shares of a company, see if the company is in loan/debt. This is because if the loan is low, there will be no cash pressure on the company, but if the loan is high, the valuation of the company may fluctuate.

• Your Trading and Investment Portfolio should be separate.

• Take as much risk as you can afford.

| STOCK | HOLDING VALUE (RS.) | QTY HELD | JUN 2022 CHANGE % | JUN 2022 HOLDING % ||-----------------------------------------------|---------------------|-------------|-------------------|--------------------|| Escorts Kubota Ltd. | 307.8 Cr | 1,830,388 | NEW | 1.4% || Anant Raj Ltd. | 67.6 Cr | 10,000,000 | 0% | 3.4% || Agro Tech Foods Ltd. | 156.5 Cr | 2,003,259 | 0% | 8.2% || Canara Bank | 822.5 Cr | 35,597,400 | 0% | 2.0% || Crisil Ltd. | 1,301.9 Cr | 4,000,000 | 0% | 5.5% || Edelweiss Financial Services Ltd. | 86.4 Cr | 15,125,000 | 0% | 1.6% || Fortis Healthcare Ltd. | 898.9 Cr | 31,950,000 | 0% | 4.2% || Indian Hotels Company Ltd. | 816.3 Cr | 30,016,965 | 0% | 2.1% || Jubilant Pharmova Ltd. | 377.2 Cr | 10,770,000 | 0% | 6.8% || Karur Vysya Bank Ltd. | 229.9 Cr | 35,983,516 | 0% | 4.5% || Man Infraconstruction Ltd. | 40.0 Cr | 4,500,000 | 0% | 1.2% || Orient Cement Ltd. | 28.5 Cr | 2,500,000 | 0% | 1.2% || Prozone Intu Properties Ltd. | 7.7 Cr | 3,150,000 | 0% | 2.1% || Rallis India Ltd. | 428.8 Cr | 19,068,320 | 0% | 9.8% || Tata Communications Ltd. | 336.6 Cr | 3,075,687 | 0% | 1.1% || Titan Company Ltd. | 11,086.9 Cr | 44,850,970 | 0% | 5.1% || Va Tech Wabag Ltd. | 124.2 Cr | 5,000,000 | 0% | 8.0% || Wockhardt Ltd. | 71.0 Cr | 3,000,005 | 0% | 2.1% || Bilcare Ltd. | 12.8 Cr | 1,997,925 | 0% | 8.5% || Dishman Carbogen Amcis Ltd. | 57.3 Cr | 5,000,000 | 0% | 3.2% || Jubilant Ingrevia Ltd. | 358.7 Cr | 7,520,000 | 0% | 4.7% || Metro Brands Ltd. | 3,348.8 Cr | 39,153,600 | 0% | 14.4% || Aptech Ltd. | 225.0 Cr | 9,668,840 | 0.0% | 23.4% || Federal Bank Ltd. | 839.0 Cr | 75,721,060 | 0.0% | 3.6% || Geojit Financial Services Ltd. | 84.8 Cr | 18,037,500 | 0.0% | 7.5% || Star Health and Allied Insurance Company Ltd. | 7,017.5 Cr | 100,753,935 | 0.0% | 17.5% || Nazara Technologies Ltd. | 423.5 Cr | 6,588,620 | -0.1% | 10.0% || Tata Motors Ltd. | 1,731.1 Cr | 36,250,000 | -0.1% | 1.1% || Indiabulls Housing Finance Ltd. | 68.6 Cr | 5,500,000 | -0.1% | 1.2% || Autoline Industries Ltd. | 13.1 Cr | 1,751,233 | -0.1% | 4.5% || D B Realty Ltd. | 30.8 Cr | 5,000,000 | -0.1% | 1.9% || NCC Ltd. | 505.2 Cr | 78,333,266 | -0.2% | 12.6% || Delta Corp Ltd. | - | - | Below 1% | - || Indiabulls Real Estate Ltd. | - | - | Below 1% | - || National Aluminium Company Ltd. | - | - | Below 1% | - || TV18 Broadcast Ltd. | - | - | Below 1% | - |

Veteran financial investor Rakesh Jhunjhunwala owned a portfolio of 32 stocks worth more than Rs 30,000 crores.

After listening to his father talk to his friends about the stock market, Jhunjhunwala’s curiosity and interest flared up. Rakesh quoted his father who used to say that he should be particular about reading the newspapers on a daily basis because the news has the power to disrupt and create fluctuations in the stock market. Even though RJ’s father allowed him to try his career and luck in the stock market, he reportedly withheld financial support and forbade him from asking or borrowing money from anyone.

But given that Jhunjhunwala was the serial risk taker that he was since his early days, Rakesh borrowed money from the clients of his chartered accountant brother assuring them of the promise of paying it back with higher than usual return on investments than any fixed-term bank deposits.

In 1985-86 he earned his first majorly remarkable gain when he bought Tata Tea stocks for Rs 43 multiplied by about 5,000 shares, and those stock shares rose to a sum equivalent of Rs 143 in a time span of three months. Eventually he earned triple times more than his initially invested money. He made Rs 20 to 25 lakhs in just a matter of about three years’ time.

Rakesh Jhunjhunwala over the years happened to make successful investments in Aurobindo Pharma, CRISIL, NCC, Praj Industries, Sesa Goa, and Titan, in a career spanning close to 40 years of financial investing and stock trading.

In 2008, after the financial recession the world over, Jhunjhunwala’s stock prices dipped by about 30 percent but later his investment portfolio and shares rebounded in 2012.

He was also known as the ‘Big Bull’, as bulls and bears are quite common terms in the financial space and representations in the investment market sector. He inspired many, guided and mentored several aspiring traders in India and abroad. He was a seasoned investor and stock trader famous in the Bombay Stock Exchange at Dalal Street and National Stock Exchange in the financial capital of India - Mumbai. He succumbed to kidney related complications on the morning of 14th August 2022, aged 62. He is survived by his wife and three children.

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