5 Rakesh Jhunjhunwala stocks that gave over 100% returns
Rakesh Jhunjhunwala portfolio stocks are widely tracked on Dalal Street, and rarely are there instances when Jhunjhunwala-favoured stocks underperform. There are at least 5 stocks on his portfolio that doubled investors' wealth in last couple of years. Let's take a look at these outstanding performers:
Delta Corp: This stock has advanced 210 per cent in last two years. The casino player reported a staggering 316 per cent year-on-year growth in net profit for the March quarter. Rakesh Jhunjhunwala holds a massive 7.5 per cent stake in the company.
VIP Industries: Jhunjhunwala owns 3.69 per cent stake in VIP Industries. The stock rallied 101 per cent in last one year. With no debt on its balance sheet and a strong presence in the organised luggage market, the company is expected to drive penetration in the branded luggage industry to new heights.
Prakash Industries: Prakash Industries spiked 131.24 per cent in last one year. Rakesh Jhunjhunwala has 1.59 per cent stake in this steel producer. The company is scheduled to report its March quarter results on April 30.
Titan: This jewellery and watch maker is Rakesh Jhunjhunwala's favourite stock. Major portion of his portfolio is invested in Titan as he holds a whopping 8.45 per cent stake in the company. Titan has gained 100.11 per cent in last one year.
Autoline Industries: Autoline Industries share price rallied 100 per cent in last two years. Rakesh Jhunjhunwala holds a huge 8.34 per cent stake in the auto-ancillary company.