How Jhunjhunwala's consistent top six bets performed over the past decade

New Delhi: As Dalal Street participants mourn the death of Rakesh Jhunjhunwala, many see him as a prime figure for investment ideas.

Jhunjhunwala had his own cult following and his disciples looked up to his moves. The avid trader was also a successful long-term investor. In the last decade of his life, he held at least six stocks for a minimum of 10 years, which delivered up to 1,000 per cent returns. Out of these six, two delivered negative returns, eroding more than half his wealth, Ace Equity data suggests. The study also includes the stakes held by his wife Rekha Jhunjhunwala and the ones the duo owned jointly.

Interestingly, Rakesh Jhunjhwala kept on rejigging his stake in these companies periodically. But his stake did not fall below one per cent in any one of them on a quarterly basis, according to the shareholding patterns of these companies on the BSE.

Jhunjhunwala minted a huge fortune from Titan Company. However, his stake in the company was slashed to 5.1 per cent stake as on June 30, 2022, from 7.28 per cent on June 30, 2012. The shares of Tata group's luxury consumer durable company rallied a jaw-dropping 1,012 per cent to settle at Rs 2,491.95 on August 12, 2022, from Rs 222.3 on June 29, 2012.

Crisil was another long-term bet of Jhunjhunwala. It rose 205 per cent in the last one decade; to Rs 3,261.6 now from Rs 1,070.55 on June 29, 2022. His stake dropped to 5.48 per cent in Q1FY23 from 7.84 per cent in Q1FY12.

In his portfolio, Geojit Financial Services has rallied 140 per cent to Rs 47.05 today from Rs 19.6 at the end of the June 2012 quarter. His stake in the company moved to 7.54 per cent by the June 2022 quarter from 7.88 per cent 10 years ago.

Agro Tech Foods, another pick from his portfolio, jumped 72 per cent during the last one decade. However, his holding in the company surged to 8.2 per cent in the quarter ended June 30, 2022, from 2.99 per cent in June 30, 2012.

Among the companies that wiped out more than half of their wealth in the last one decade are Autoline Industries and Bilcare, which dropped 53 per cent and 58 per cent, respectively. His stake in Autoline Industries marginally increased to 4.5 per cent from 4.26 per cent, whereas in Bilcare, his stake increased to 8.5 per cent from 7.37 per cent during the period under review.