Rakesh Jhunjhunwala stocks, holding, portfolio: Big Bull reveals this big thing on the returns he has made
Rakesh Jhunjunwala is reported to be the largest individual investor in the domestic markets.
Top-notch market investor and 'Big Bull' Rakesh Jhunjunwala has made a BIG REVELATION on the returns he has made from Listed vs Unlisted firms. Rakesh Jhunjunwala has said that he has investments in private companies stretching to over a decade, and the returns he has made on his unlisted portfolio are higher than the one on listed firms, as per a report in PTI.
Listed vs Unlisted: RETURNS?
"I am happy to inform you that my return on the unlisted portfolio is greater than the return on my listed portfolio. There also I have long investments of 10-12 years," he said, speaking at an event to commemorate Jana Small Finance's anniversary. "In a so-called unequal society, it is the new aspirants who are making wealth. Please don't say that... India is crony capitalism. First generation entrepreneurs who came from nowhere are creating wealth. That makes me proud as an Indian," Jhunjunwala added.
Jhunjunwala, who is reported to be the largest individual investor in the domestic markets, also said the level of taxation on the equity markets is "reasonable" given the socio-economic conditions in the country, the report added.
The ace investor disagreed with the notion that easy liquidity is the only source of growth for the Indian share market, arguing that stock prices have soared over the last one year because of earnings outlook. Jhunjunwala said corporate performance in the second and third quarters of the current fiscal year is a testament to the earnings potential of the Indian companies.
He noted that the easy liquidity conditions in the US and other advanced economies would have contributed 10 per cent to the rise of the domestic markets, but reiterated that the more important reason for growth is the earnings potential of Indian stocks.
Jhunjunwala further said he is more bullish on battered sectors like infrastructure, cyclicals and state-run lenders, and cautioned that companies with faulty corporate governance should be avoided.
The growth opportunity for a business, people running the business, governance structure at a company, technology adoption and the firm's belief in frugality are the list of priorities which should be considered before choosing a stock to invest in, Jhunjunwala said.
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