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A collection of stories that capture the stock market philosophy of the late Rakesh Jhunjhunwala.

Big Bull Rakesh Jhunjhunwala will forever be remembered as an iconic wealth creator in India's stock market legacy. He bravely backed his convictions to maximize returns, making stock market investing look easier that it ever will be. His wise counsel may not be with us, but his bullish views on India are a living memory for a nation on the rise. An icon of his stature deserves a special mention, and Moneycontrol is proud of this humble homage to the towering giant of India's investor community.
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RJ Portfolio Tracker

Known as India's Warren Buffett, Rakesh Jhunjhunwala stock market bets have intrigued many investors all along. After his demise, a trust of close associates will look after the investment decisions regarding big bull's portfolio. Key changes can be followed here:

What He Said

“Stock markets are always right. Never time the market.”

Respect the market. Have an open mind. Know what to stake. Know when to take a loss. Be responsible.

Prepare for losses. Losses are part and parcel of stock market investor life.

Never invest at unreasonable valuations. Never run for companies which are in limelight.

Hastily taken decisions always result in heavy losses. Take your time before putting money in any stock.

Whatever you can do or dream you can, begin it. Boldness has genius, power and magic in it.

Markets are prone to excesses. Your opportunity lies in recognizing these.

Leverage is a bad habit. In measured manner, it gives pleasure. If overdone, it causes trouble

Sell only if there are better opportunities to grow you wealth

RJ’s Mantra

To be a good trader, know the broad direction of market

The biggest cost of a mistake is not learning from one

Follow your own thought process and make your own decisions

Risk is the essence of life. If you don’t take risk, you are nothing

RJ’s Mantra

To be a good trader, know the broad direction of market

Markets are prone to excesses. Your opportunity lies in recognizing these.

Leverage is a bad habit. In measured manner, it gives pleasure. If overdone, it causes trouble

Sell only if there are better opportunities to grow you wealth

Risk is the essence of life. If you don’t take risk, you are nothing

The biggest cost of a mistake is not learning from one

Follow your own thought process and make your own decisions

The RJ Legacy

The people who will manage Rakesh Jhunjhunwala’s estate

  • Radhakishan Damani

    Radhakishan Damani

    Billionaire investor, a market legend and promoter of Avenue Supermarts, Radhakishan Damani is widely admired as an astute entrepreneur. Damani's association with Rakesh Jhunjhunwala dates back to the late eighties. Late Jhunjhunwala used to consider the reclusive Damani as a guide and philosopher.

  • Kalpraj Dharmshi

    Kalpraj Dharmshi

    Managing Director of Dharamshi Securities, Kalpraj Dharamshi gave up a career in chartered accountancy for one in the heat and dust of stock market, and he has aced it since. He started as a broker, and then went on to become a trader and an investor. When the markets were shaken after the 2001 shock, when the Twin Towers fell, he had the courage to take a considerable leverage and buy cheap stocks that turned out to be multibaggers.

  • Aman Parikh

    Aman Parikh

    The promoter and director of Ohm Stock Broker Pvt Ltd, Amal Parikh has spent three decades in the stock market and knows the ins-and-outs of the market like the back of his hand. He has set up a highly successful first-generation broking business. Parikh funds various philanthropic causes, particularly those targeted at making good-quality education available.

  • UtpalSheth

    Utpal Seth

    Rare enterprises’ CEO and senior partner Utpal Sheth’s association with the Big Bull goes back to the early nineties, and Rakesh Jhunjhunwala has been known to have said that Sheth and he add as 1 and 1 to make 11. The low-key Sheth has been credited with helping Jhunjhunwala spot the multibagger bets such as Titan.

  • Amit Goela

    Amit Goela

    Rakesh Jhunjhunwala’s partner at Rare Enterprises, Amit Goela is a veteran of the markets. Goela, in a rare interaction with the media, compared himself to those who prep the ace cricketer Sachin Tendulkar for a match. For Jhunjhunwala, Goela provided the market intelligence necessary before making a deal.

Bigbull Moonshots

  • Akasa Air

    The much-celebrated low-cost airline launched its first flight between Mumbai and Ahmedabad on a Sunday, August 7, 2022. While there are other budget carriers, Akasa hopes to stand out with its strategy of connecting metros with smaller towns, in line with the government’s vision to increase regional connectivity to air transportation. Asked about his venture into the tough sector that has made been the doom of several billionaires, the Big Bull is reported to have said that he is “prepared for failure”.

  • Alchemy Capital Management

    Founded in 1999, this portfolio management services (PMS) provider has managed funds worth $800 million (as of June 2022). It has a varied client list, from high- networth individuals to sovereign wealth funds, and specialises in the bottom-up approach to pick companies that do well despite the larger industry trend. Recently, they launched a fund to invest in emerging businesses in the small and mid-sized segments that the PMS provider believes will do well in the next growth phase of the economy.

  • Concord Biotech

    They produce fermentation-based active pharmaceutical ingredients (APIs) largely in the immunosuppressant, oncology and anti-infective categories. It was founded in 2000 with a single immunosuppressant, and now it has a product portfolio that includes 22 APIs and 43 formulations. This August, they filed a draft red herring prospectus (DRHP) with Sebi to raise Rs 2,000-Rs 2,500 crore in the market through a public issue. It was however not to raise funds for the company but was for an offer- for-sale, for sale of shares owned by Helix Investment Holdings.

  • Syska LED Lights

    This is the market leader in its central category--of LED lighting--and has also diversified across categories including smartwatches, smart appliances and personal gadgets. In the lighting category, it has encouraging growth prospects considering the energy-saving property of LED lights. It holds over 40 patents in lighting solutions, according to the company website. In its newer categories, it has stuck to its principal offering of energy efficiency and accessible pricing.

  • Hungama Digital Media Entertainment

    This digital entertainment company was launched as an online advertising agency in 1999. Today, it does more than manage digital promotions; the company develops, publishes, aggregates and distributes online entertainment including gaming. It also creates on-the-ground events. According to its website, it provides content to consumers across 33 countries and has more than 145 partners across the world.

  • IKS Health

    It acts as a partner to hospitals, helping them better manage their ambulatory care (outpatient services. The company helps healthcare providers strategise, operationalise plans efficiently with the right technology, and finance growth. It also equips the providers with products that ensure better care delivery (such as through better documentation tools and digital prescriptions to avoid mistakes);