#1 TV18 Broadcast. Rakesh Jhunjhunwala's investment in TV18 Broadcast goes back to 2012 when he initially bought stake in the company. Since then, he has held on to the stock with minimal increase/decrease in his stake. As of September 2021, he holds around 2.04% stake in the media company.
As per the shareholding pattern of 5 Big Bull-owned companies for Q3 Fy2021-22, mutual funds have raised their stake in the recently ended December 2021 quarter. Those 5 Rakesh Jhunjhunwala companies are Delta Corp, Titan Company, Escorts, NALCO and Man Infraconstruction.
Increases stake in Titan and Tata Motors
Rakesh Jhunjhunwala owned 4.33 crore equity shares of Titan, along with his wife Rekha Jhunjhunwala, at the end of the July-September quarter. This accounted for a 4.87% stake in the company.
Jhunjhunwala bought 29,097,400 shares or 1.60 per cent stake in Canara Bank in the quarter gone by. His stake was valued at Rs 584 crore as of Wednesday's price.
Rakesh Jhunjhunwala's net worth
Jhunjhunwala is the 48th richest man in India, with a net worth of $3 billion.
Today, we cover five penny stocks held by Rakesh Jhunjhunwala in his portfolio. What's interesting is that Jhunjhunwala has been holding on to these shares for several years now.
Geojit Financial Services Ltd. shares are also holds by Rakesh Jhunjhunwala and he is the director of the firm as well and he holds 7.57% of the company's share at present. The firm's stock price is around Rs. 27.65 at present and that makes the Rakesh Jhunjhunwala's holding in the company worth Rs.
The man with the Midas touch in the stock market, Rakesh Jhunjhunwala currently lives at Il Palazzo near Hanging Gardens with his wife Rakhi Jhunjhunwala, daughter Nishitha and twin sons Aryaman and Aryaveer Jhunjhunwala. Once the home is ready, their new address will be at BG Kher Marg, formerly known as Ridge Road.
Damani was raised in a Marwari family in single room apartment in Mumbai. He studied commerce at the University of Mumbai but dropped out after one year. After the death of his father who worked on Dalal Street, Damani left his ball bearing business and became a stock market broker and investor.
The chairman and founder of the Adani Group now has a net worth of $88.5 billion (6.6 trillion rupees or 6.6 lakh crore rupees), and is now among the world's 10 richest billionaires in the world, according to Bloomberg Billionaire Index.
Impact on Rakesh Jhunjhunwala's net worth
As Rakesh Jhunjhunwala and his wife holds 4,33,00,970 Titan Company shares and the stock has risen ₹355.70 apiece, rise in Rakesh Jhunjhunwala's net income from this stock in last 3 months is around ₹1540 crore ( ₹355.70 x 43300970).
Rakesh Jhunjhunwala's net worth rose significantly within an hour as his portfolio stocks Titan Company reached a lifetime high of ₹2362 on NSE on Oct 7. ... Titan Company's share price increased by 214.35 per share and Jhunjhunwala's net earnings on the jewelry stock increased by more than ₹900 crores.
While some penny stocks may be found on the major exchanges such as the Nasdaq and NYSE, they often do not meet their listing requirements. Instead they can be found on over-the-counter bulletin boards and pink sheets which generally involved increased risk and exposure to price manipulation.