Rakesh Jhunjhunwala's net worth in listed firms crosses Rs 10,000 cr

Ace investor Rakesh Jhunjhunwala and his family’s net worth in listed companies crossed Rs 10,000 crore mark, thanks to a sharp rally in some stocks comprising in the portfolio such as – Titan Company, Aptech, Dewan Housing Finance Corporation (DHFL), Edelweiss Financial Services, Federal Bank and Escorts. The combined net worth of Rakesh Jhunjhunwala and his family came in at Rs 10,700 crore based on market price on the BSE as on Wednesday, March 1, 2017. The figures are based on the family’s holdings in companies where their total stake is more than 1% for the quarter ended December 31, 2016. As on December 31, 2016, Rakesh Jhunjhunwala & his family's net worth stood at Rs 9,156 crore.  On March 4, 2015, the day when the BSE Sensex hit an all-time high in intra-day trade, it was Rs 8,620 crore (based on March 31, 2015 shareholding pattern), the Capitaline Plus data shows. Financial Astrology Tips

Since March 2015, Rakesh Jhunjhunwala & his family added Tata Motors DVRs (3.43% stake), Federal Bank (2.3%) and Mandhana Retail (12.74%) in their portfolio, while increasing their holdings in Aptech and Escorts. The recent bull-run in the broader market has boosted Rakesh Jhunjhunwala & family’s total net worth more than the market capitalisation of DHFL, Century Textiles, Thermax, Strides Shasun, Dish TV and Union Bank of India. Thus far in calendar year 2017, the market value of listed companies in Rakesh Jhunjhunwala & his family’s portfolio appreciated by an average 17%, as compared to 9% rise in the S&P BSE Sensex. Astrology and Numerology Trading Tips

"The sectret of success for investors like Rakesh Jhunjhunwala and Radhakishan Damani of D-Mart is that they have could spot potential multi-baggers early and held on to the stocks for a longer duration than most investors would. This strategy does create a lot of wealth over time, unlike trying to make a quick buck by doing intra-day trading," explains G. Chokkalingam, founder & managing director of Equinomics Research & Advisory. Some stocks in Jhunjhunwala’s portfolio, such as DHFL, Escorts, Federal Bank and Titan Company are quoting at their respective record highs or close to lifetime highs. All these stocks have rallied in the range of 30% to 60% since January. The family holds equity shares of over Rs 200 crore in each of these companies, according to latest shareholding data. Commodity Trading Tips