Rakesh and his wife Rekha Jhunjhunwala’s biggest and most profitable investment was in the jewelery business of Titan Company.
The share he used to give his hands was gold. Rakesh Jhunjhunwala is called the ‘Big Bull’ of the Indian stock market. Even as the country’s economy is reeling during the lockdown, his wealth has grown enormously.
After the death of A Hen Jhunjhunwala, his share of 4 billion dollars (about 30 thousand crores) is now at the center of discussion.
A 62-year-old Jhunjhunwala died of heart disease last Sunday. He has huge investments in stock market, start-up business etc. Jhunjhunwala’s impact on the Indian stock market was huge. In fact, he was considered by many to be the most influential retail investor in Asia’s third-largest economy.
Rakesh and his wife Rekha Jhunjhunwala’s biggest and most profitable investment was in the jewelery business of Titan Company. According to Bloomberg data, Jhunjhunwala’s total investments are here. Apart from this, he has huge shares in Star Health Insurance, shoe manufacturing company Metro, Tata Motors, information technology firm Aptech, video game manufacturing company Nazara Technology etc. The amount of investment in Titan is 7 thousand 295 crores. The stock he bought in the shoe company also hit its highest price in days. Jhunjhunwala’s profit was Tk 221 crore in just one day.
Prime Minister Narendra Modi himself has acknowledged Jhunjhunwala’s huge influence in the field of investment. He said this in a tweet after Jhunjhunwala’s death.
