Looking back at Jhunjhunwala's good, bad and silly stocks

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Looking back at Jhunjhunwala's good, bad and silly stocks

There isn't any tell-tale sign of this ace investor turning 50. In a free-wheeling interview with CNBC-TV18's managing editor Udayan Mukherjee, Rakesh Jhunjhunwala admits that 'age' hasn't mellowed him down nor has it stopped him from being a ladies' man. This man with Midas touch non-chalantly says he finds Sushmita Sen hot.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » RELATED NEWS See 5600-5700 Nifty in next 2-3 months: Ambareesh Baliga Which sectors is HSBC Global AMC betting on? BlackStone says mkts to remain rangebound; suggests buys Check out: Anand Rathi Financial's top picks in the Nifty ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets

Mukherjee: But first we will see a high and then the correction will come, not the other way round you are saying?

Jhunjhunwala: My feel is we could see it in six-nine months. What I personally feel is that in Western world and Europe you are not going to see major problems in the next 9-12 months. Beyond that, we do not know.

Mukherjee: I want to come back to your portfolio, since we are talking 50 years, what is the best stock you have ever owned, your all time favourite stock?

Jhunjhunwala: Titan , I wear it on my hand.

Mukherjee: Just because it has made you money? There is no other emotional attachment to any other stock?

Jhunjhunwala: Look at the company.

Mukherjee: It has done superbly, phenomenally well; I thought it might be a close contest with Lupin , which is another stock, which has made you a lot of money?

Jhunjhunwala: No, I think a stock in which I have emotions is Karur Vysya Bank .

Mukherjee: Why? What is the story?

Jhunjhunwala: Look at the sheer performance. There is 21% compounded growth in profits for the last ten years, comes from a place nobody knows called Karur. It is not a small bank now, its profitability is about USD 90 million, growing at 20-25% and I own it since 1992-1993-94.

Mukherjee: You haven't sold anything?

Jhunjhunwala: No, I haven't sold. I think this investment has given me I don't know how much thousand percent return.

Mukherjee: In the listed space, one stock which really makes you angry that you bought that?

Jhunjhunwala: Infomedia 18 . I sold it just about six months back. But if you look at the stats, special interest publication magazine with a market in America, leadership in yellow pages and I held the stock for at least for seven-eight years.

Mukherjee: Eight years?

Jhunjhunwala: May be seven-eight years and then I sold it, maybe with some loss. Though I think good industry, good positioning, but I never made money.

(Note: Web18, which owns Moneycontrol.com and Indiaearnings.com, belongs to the Network 18 Group).