#Big Bull Rakesh Jhunjhunwala

[moneyhustlers]

Who is Big Bull Rakesh Jhunjhunwala's Favorite CEOs and Their Remarkable Success Stories

Unveiling the Titans of Business Leadership: Rakesh Jhunjhunwala’s Favorite CEOs and Their Incredible Journeys Hey there, future financial wizards! Today, we’re diving into the world of investments and business leadership to talk about Rakesh Jhunjhunwala’s favorite CEOs, Bhaskar Bhat, and Adi Godrej. Don’t worry, we’ll break down the complex terms and numbers into simple bites, so you can easily…

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Gaming apps converting earnings to crypto, Rs 700 crore moved out of India, reveals GST pro

“Someone asked me what is the best time to invest in India, I told him in my opinion the best time to invest was July 24th, 1991, which is the day Manmohan Singh gave the budget, the index of 1400, the Sensex I believe was around 1400 odd there and that day the cards were open. He knew that India was going to change and go to a better place and subsequent events have proved it completely right. The next best time to invest is today. I mean if you have not invested in India, you gotta start doing it now,” says Ramesh Damani, Member, BSE.

Damani says: “All my predisposition tells me to remain invested, do not get scared by the volatility and I have not been for 30 years, I have always remained almost fully invested in Indian markets, so I do not get scared with the volatility. The best is yet to come.”

What a delight to have you on ET now. Thank you for joining us. It is always a pleasure to be with you and thank you so much for the very kind words. And I will say learn to be bullish in India, I learned from our common friend Rakesh Jhunjhunwala and my mentor RK Damani. They are the ones who taught me that India is a growth country. It is so populated and so there is only upside. I owe a lot of debt to those two people at least.

To be fair, you have always identified mega trends. And before the world started using the word mega trends, you started practicing the whole thesis of looking at the big picture and then identifying companies within that. Yes absolutely right. I tried to do that. When I came back in the late 80s to India, the mega trend was cement shares. It was actually morphed by what was called the liberalization trend that was taking place in India. After that, I realized the big money is made in the big swing and you need to identify the big swing. So we were very lucky we got the 2000 technology trend right. And then I tried to follow each bull market and try to spot the leadership in this bull market.

I have been at somewhat of a thought process trying to figure out how to label this bull market that started. You know how we label this bull market? I finally had what you call eponymy moment which says that the label would have caused the growth of the great Indian middle class. I think that is going to be a great story. The new book out which I would recommend. I have not read it yet but I have ordered it is by Homi Kharas called The Middle Class. A lot of my ideas are from there.

He says that it is the middle class that started in England in the 18th-19th century that is shaping our world today. And he says that out of a population of about 8 billion 4 to 5 billion are now in the middle class. And the maximum number of middle class are coming from India rather than from places like America. So that is going to be a major trend because the middle class is roughly defined as having a PPP purchasing power parity of about $12 per day which is significantly above the poverty level of $2 a day.

That means at that point they can save, they can invest, educate, travel and do a number of things. And what we are seeing perhaps in India is the beginning of a hockey stick curve as our per capita has gone over $2,500 and the middle class expanded quite handsomely. They are now demanding action on things from climate change, to travel, to better education, to better living standards. That will be the mega trend which is not only shaping this bull market but also the society around us.

What is right and wrong in this market? We can argue both ways. What is your assessment? Well you know I think there is much to be right in this market. I think the last few days we have seen a significant fall in the market. I think we have added, if I am not mistaken, about 13 crore demat accounts in India, a majority of which have come in the last three years. All of them have been uniformly optimistic which is good. But they are getting a lesson to understand exhibits in the market, the difference between what I call risk and volatility.

Risk is the choice of permanent loss of capital which is very dangerous and you do not want to be in that situation. Volatility is what happened yesterday and what happened the day before yesterday and what will keep on happening in the markets. That market is correct. The next 2,000 points on the Sensex can be up and down. Nobody knows what is going to happen. Maybe an astrologer can say what will happen. But my strong feeling is that the next 20,000 points on the Sensex are higher because of the unfolding demographics, digitization and democracy that has taken root in India. So I feel that there is a lot that is going on right with this market.

What is going wrong in the market? A bull market like this will always lead to excesses, to overstretched valuations and will lead to unnecessary confidence and sometimes regulatory changes that are important or regulation changes that are important being pushed aside because the market is doing so well. We hope those mistakes do not happen. But there is a lot to be thankful for and a lot to be looking forward to being optimistic over the next few years rather than being pessimistic.

How are you approaching this market, are you fully invested? Yes, I am fully invested. I barely have any cash which is rare for me. Typically, I go in with 5-10% cash into the bull market but as I have aged and matured, I have been more confident putting all the money on the table and letting the risk come where it will. I feel there is good reason for optimism and one of the sectors that I called this time was of course the public sector stocks and they have had a brilliant run out there.

We need to give credit to the Modi government that the public sector, which was one of the drags on the Indian economy, has turned around. The people in DIPAM are really on top of the game. For the first time they are doing an OFS and the prices go sharply higher after the OFS, you know, so the fall is very temporary in those prices. I think the debate that PSUs should be privatized or value will not be unlocked has now receded. We are fine if these companies are so well managed.

One very important thing that people missed in the stock market was that a) the government would use these public sector units as the blunt edge for capital expansion and b) that they were telling them that you have to pay 30% of its dividends.

Two, three years ago, you were getting these companies on today's earnings and at a 7-8% yield which is an extraordinary bonanza the investors got early. So, it has been a good place and I am very clear, including after what the prime minister said in the Parliament and I am sure you noticed that. Basically, the Prime Minister of India going on the floor or well of Parliament and saying a bullish case of public sector in stocks, when did that happen? It has never happened before. So we were ecstatic when the prime minister did that.

It was in mid-August sometime and so my personal feeling is that the leadership is very much intact with the public sector stocks. They probably have a large-ish way to go still because typically, in the bull market leadership, the stocks go up 10x 20x after some point. So I would remain invested in good quality businesses.

The aggregate market cap for PSUs including LIC and some new IPOs is up 3x, that is aggregate market cap. It has been a phenomenal run and plus you got so much dividend out of it. I mean you were getting these stocks basically at 4-5% yield and with a certainty of an order book, it is not that the order books were speculative. We knew the order books for the next five years. So, I think there was a whole debate which I think was wrongly conceived in the stock market last year that you buy quality at any price and, of course, that is a mislead, you cannot buy quality at any price. There is a price that you pay will reduce your investment returns without doubt and I think the people who stuck to finding value investing and trying to find value irrespective of the PSU, smallcap, largecaps, did well.

So, if you look at some of the exchanges, the major exchanges remain stable where the unloved exchanges went up. The FMCG and the private banks did not do well. The PSU banks did so well. So, the market noted the cheapness of those particular sectors and rewarded those who bet on that sector very handsomely and I have been lucky in that.

Within that you identified railways. You have gone on record and you have said that you bought into the railway PSU basket, less of defence and more of railways. Not true. Actually, my first bet was on defence and second was on railways.

But you bought both. I bought both and I bought both with – not conviction but I just felt that they were too cheap. I bought all the defence companies. Some of them are extraordinary businesses and they continue to do well and what has happened is that we have gone from importing a lot of the stuff to making the stuff ourselves and now we are exporting it.

Look at the number of orders that say a company like Bharat Dynamics is getting or Hindustan Aeronautics is getting. An extraordinary shift has taken place. So, if you ask me within the PSU sector where is the leadership? I would say it is in the defence.

Also read | Mutual funds join multi-billion dollar PSU rally, eye 2014 record in election year And you think that one should look at these stocks barring the volatility which could happen 10-15-20% nobody knows, but the leadership sector you think is with PSUs as a bracket and within that, defence and railways could be subparts? I think so and I mean just to point out there is a lot of talk about the PSUs over many years and I just wish your people who come on the show and speak folios there, see a company like Bharat Electronics which I own and I am not recommending in any way or form other than educating the public about it.

We bought the stock maybe in the early 2000 at Rs 300-crore market cap. It is Rs 1,30,000-crore mcap right now. The dividend itself compounded at some 18-20% something silly. So, they have delivered some superior returns and they never diluted the equity, that is the most important thing I find. They have never diluted with equity in the 30 years they have been listed, they have never diluted with equity, which Indian companies can you say have not done that, even Infosys diluted with equity multiple times. So, an extraordinary business run extraordinarily well. I think some of the criticism has been misplaced.

People who criticised them, loved them altogether without trying to do what a stock picker should do or a good value investor, that is judge each individual company on its merit. I think they are paying the price for that.

Why do you think these things happen? I mean if the market cap was so cheap, if it was a government backed business, dividend yield was so strong, the same thing happened to let us say PFC-REC. Why do markets ignore them? It is a case of throwing the baby out with the bathwater. A lot of what is called herd mentality. Sometime in the mid-2000, the mantra became very popular in the stock market, quality at any price. We want good capital allocation. There is a very well-known author I met recently called Pulak Prasad and I respect him for he has done a fabulous job…

The book is fantastic actually. Yes, book is fantastic – What I learned from Darwin. He said I will never invest in the public sector but then he was honest to say that I don’t want to invest in a MNC also because both are very poor capital allocators.

Even conglomerates. He said I have never bought Tata or Birlas. So, I appreciate that at least he had the intellectual honesty to say that I do not want to go to a bad capital allocator. MNCs will also not do it in your best interest. I really appreciate that. But most people just want to throw the baby out of the bathwater because we made a lot of money in the first round of the PSU divestment. So, we were familiar with these companies.

We understood valuations out there and there was a period we did not make any money from them. But again it has come back. So, the market has to have the cyclicality and up and down trajectory that goes through. I think people who in 2000 said only invest in tech in India or people who said I only invest in high-quality business, pay the price. The market is not a place for the arrogant. It is a place for the humble.

In markets mean reversion is the biggest truism they always say that. Excesses always get created on the upside, on the downside. Where do you think markets are mispricing growth on the upside, that they are pricing a cherry consensus and where do you think they are still ignoring the potential of the business or the value of the company? It is a very difficult question. I do not know all that because I am a stock picker. I try to look bottom. Having said that, would I want to remain fully invested? Corrections have started, maybe it is coming, maybe it is right there. I think yes, I do not see any signs that I normally would see in a top. We do see some size in the reckless capital expansion, the QIPs, the response to public issues, something out there but for the first time, we are also getting three crore new investors coming in.

Every morning the market opens and Rs 1,500 crore is ready waiting to be invested. So, that is a sea chain that is happening. Some of the tops that we see in the market in terms of over leveraged companies or too much debt or too shaky corporate earnings; I do not see that yet. So, I am willing to tell you that what we are witnessing now is volatility and that is the nature of the market.

Charlie Munger recently passed away. He was asked the same question. He said in his lifetime of 40-50 years of being with Berkshire Hathaway, Berkshire Hathaway corrected three times of 50% each because he said that is the nature of the market. We cannot deal with it. You are not going to make money in life, okay. Risk is what I said is the chance that I can permanently lose capital, that I buy a business that goes bust. There have been a lot of businesses that went bust in India also, in the 2000 the tech boom I can rattle off names.

So, you want to avoid that kind of situation for any time in the portfolio and that can happen even in a good market that stocks can actually go bust. So, we do not want to get into that. A lot of people do option trading which is a zero-sum game. You probably want to scale down on that because it might be easy money but when you lose, you can lose almost the entire fortune in that, and I would be very careful of that.

But there are very good high quality businesses in India whether it was the public sector stocks, that BPO businesses, the IMEC corridors that we are talking about which will generate returns and do well for the customers over many-many years to come and if you are young in India and you are looking in the next 30 years, you need to invest.

Someone asked me what is the best time to invest in India, I told him in my opinion the best time to invest was July 24th, 1991, which is the day Manmohan Singh gave the budget, the index of 1400, the Sensex I believe was around 1400 odd there and that day the cards were open. He knew that India was going to change and go to a better place and subsequent events have proved it completely right. The next best time to invest is today. I mean if you have not invested in India, you gotta start doing it now.

I mean when they are going to do it and look at it for a period of 5-10-20-year period, do not look at it from the next five days which as I said could be extremely volatile and you could lose a lot of money out there. But if you keep the faith, buy high quality business with good cash flows, you are going to come out ahead in this business.

I will sound very repetitive with this one but it is important that we just get your views again. If you weigh prices and risk and the market dynamics, the sliver of the market may be expensive which always is the case but by and large, if you do a health checkup, the diagnosis of the market, you do not think there is a bubble or there is a mania in the market, one should remain fully invested. Absolutely not.

I am asking it point blank. Yes, I mean the point blank and I know I can be wrong with these kinds of things. You know markets live forward but understood backwards, so you do that. But all my predisposition tells me to remain invested, do not get scared by the volatility and I have not been for 30 years, I have always remained almost fully invested in Indian markets, so I do not get scared with the volatility. The best is yet to come.

Maybe India cannot double in three years, maybe it can double in four years’ time, but it is still the best place for a young Indian to be. I am not a young Indian anymore, I am reaching senior citizen level, but for a young Indian, if you are 30-35 years starting out, where are you going to put the money? I mean you cannot put it in gold or cryptocurrency. It is a dud’s game to do, it is the mugs game in my opinion to do it. You need to put in equity which generates some returns for you, gives you some dividend and allows you to build your wealth, just like my generation built the wealth.

As I told you in 1991 when we started the index was 1500. It is closer to 75,000 now. Look at the journey that has taken place. You made 30-40x on the index, imagine if you pick stocks how well you must have done during that period. So, I think given the sweet spot that India is in terms of its democracy, in terms of its demographics, in terms of digitisation that is helping and the growing middle class in India. I mean 500 million people will be in the Indian middle class by 2030. That is an extraordinary development taking place and we are going to witness what a lot of economists call a J curve once India's economy, per capita goes over $2,500-3,000. In that there will be a wide dispersion with people earning $10,000-15,000, the average is 3000, but a lot of people are above that number and that is going to power growth for a number of years to come.

Demographically as you know we are the best positioned country in the world. China's population is projected to grow over the next 30-50 years from 1.4 billion to 800 million. That is the kind of demographic disaster Korea, Japan, Italy and China are facing. India’s population is still growing and still young, so the next 20-30 years we do not have a problem.

[topstockbroker]

Top Stock Advisors in India You Need to Follow in 2024

Introduction

In the dynamic world of stock markets, having the right guidance can make a significant difference between success and failure. This is where stock advisors come into play. They provide invaluable insights, analysis, and recommendations that help investors navigate through the complexities of the market. In India, several stock advisors have gained prominence for their astute knowledge and successful track records. In this blog, we'll delve into the best stock advisor in India that you need to follow in 2024.

Importance of Stock Advisors

Stock advisors play a crucial role in the investment journey of individuals and institutions alike. They offer expert opinions, research reports, and personalized advice tailored to investors' financial goals and risk appetite. Their insights help investors make informed decisions, mitigate risks, and capitalize on opportunities in the stock market.

Criteria for Selecting the Best Stock Advisors

Before diving into the list of top stock advisors, it's essential to understand the criteria used for their selection. Factors such as market experience, track record, investment philosophy, risk management approach, and transparency are crucial in evaluating the credibility and reliability of stock advisors.

Top Stock Advisors in India in 2024

1. Rakesh Jhunjhunwala

Known as the "Big Bull" of Indian stock markets, Rakesh Jhunjhunwala is renowned for his shrewd investment acumen and long-term wealth creation strategies. With decades of experience, he has consistently identified multibagger stocks and is closely followed by investors for his market insights.

2. Porinju Veliyath

Porinju Veliyath is a seasoned investor known for his contrarian approach and value investing principles. He specializes in identifying undervalued stocks with significant growth potential. His investment picks and market commentaries are widely followed by retail and institutional investors.

3. Basant Maheshwari

Basant Maheshwari is a well-known name in the Indian stock market fraternity. He is revered for his disciplined investment approach, focusing on quality businesses with strong growth prospects. Maheshwari's investment philosophy revolves around identifying emerging trends and investing in companies with sustainable competitive advantages.

4. Vijay Kedia

Vijay Kedia is celebrated for his knack for spotting multibagger opportunities in the stock market. He emphasizes the importance of in-depth research, patience, and risk management in investing. Kedia's investment journey and stock picks serve as a source of inspiration for aspiring investors.

5. Raamdeo Agrawal

Raamdeo Agrawal is the co-founder of Motilal Oswal Financial Services and a veteran investor with decades of experience in the stock market. He is known for his deep understanding of market cycles, fundamental analysis, and long-term wealth creation strategies. Agrawal's investment insights are highly valued by investors seeking sustainable returns.

6. Dolly Khanna

Dolly Khanna, also known as Rajiv Khanna, is a prominent investor known for her expertise in small and mid-cap stocks. She has a proven track record of identifying multibagger opportunities in niche sectors. Khanna's investment portfolio and stock picks are closely monitored by market participants for potential investment ideas.

7. Sandip Sabharwal

Sandip Sabharwal is a renowned market commentator and investment advisor known for his insightful analysis and stock recommendations. He provides valuable perspectives on market trends, sectoral outlook, and investment strategies through his writings and media appearances.

Investment Strategies of Top Stock Advisors

Each of the top stock advisors mentioned above follows a distinct investment strategy based on their expertise, experience, and market outlook. While some focus on value investing, others may prefer growth-oriented or contrarian approaches. Understanding their investment philosophies can help investors align their strategies with their financial objectives.

Tips for Following Stock Advisors Wisely

Following stock advisors can be beneficial, but it's essential to approach their recommendations with caution and diligence. Here are some tips for following stock advisors wisely:

Conduct your research before acting on any recommendation.

Consider the suitability of the advice to your investment goals and risk tolerance.

Diversify your portfolio to mitigate risks associated with individual stock picks.

Monitor your investments regularly and stay updated on market developments.

Don't blindly follow stock tips; instead, understand the rationale behind the recommendations.

Conclusion

In the ever-changing landscape of the stock market, having access to reliable guidance and expert opinions is invaluable for investors. The top stock advisors in India mentioned in this blog have earned credibility and respect for their astute insights and successful investment strategies. By following their advice prudently and staying disciplined in your approach, you can enhance your chances of achieving long-term financial success in the stock market.

[stockedge14]

Explore the remarkable journey of Rakesh Jhunjhunwala, a.k.a The Big Bull. Delve into investment strategies and key leanings from his journey.

[newsinvids]

Remembering The Big Bull Rakesh Jhunjhunwala | 2022 MEGA EXCLUSIVE INTERVIEW With Nikunj Dalmia

ET NOW: http://dlvr.it/Stc5pm

[worldspotlightnews]

Know India’s Top Investors In Share Market

Rakesh Jhunjhunwala, also known as The Big Bull, was regarded as India’s very own Warren Buffet. Before investing, Radhakishan Damani believes the company’s ethical principles should be thoroughly examined. We frequently follow eminent Indian stock market investors who have achieved phenomenal success and attempt to engage in the same kinds of ventures that they have. Incredible investing…

[buindia]

[thenewsfactsnow]

Why Rakesh Jhunjhunwala will live on as the Stock Market's Immortal Big Bull

Why Rakesh Jhunjhunwala will live on as the Stock Market's Immortal Big Bull #RakeshJhunjhunwala #StockMarketbull #BullMarket #Investor

Rakesh Jhunjhunwala, pursued his dream with courage, with passion and intensity like a Bull, He lived like a bull always hungry to overpower. Rakesh a partner at RARE Enterprises, was a remarkable visionary, stock market investor who left behind a reasonably clean slate and amassed a fortune of USD 5.8 billion, making him known as India’s largest individual investor. Jhunjhunwala, who departed…

[rudrjobdesk]

अकासा एयर को DGCA से मिला लाइसेंस, अब उड़ान भर सकेगी एयरलाइन

अकासा एयर को DGCA से मिला लाइसेंस, अब उड़ान भर सकेगी एयरलाइन

शेयर बाजार के दिग्गज निवेशक राकेश झुनझुनवाला समर्थित एयरलाइन अकासा एयर को बड़ी खुशखबरी मिली है। दरअसल, अकासा एयर को डीजीसीए से एयरलाइन लाइसेंस मिल गया है। डीजीसीए ने यह जानकारी दी है। Source link

[maqsoodyamani]

راکیش جھن جھن والا کا 62 سال کی عمر میں انتقال، اکاسا ایئر کے شریک بانی تھے،جس کی پہلی پرواز کا آغاز ایک ہفتہ قبل ہوا

راکیش جھن جھن والا کا 62 سال کی عمر میں انتقال، اکاسا ایئر کے شریک بانی تھے،جس کی پہلی پرواز کا آغاز ایک ہفتہ قبل ہوا

راکیش جھن جھن والا کا 62 سال کی عمر میں انتقال، اکاسا ایئر کے شریک بانی تھے،جس کی پہلی پرواز کا آغاز ایک ہفتہ قبل ہوا     ممبئی:14اگسٹ(الہلال میڈیا)   اسٹاک مارکیٹ کے سرمایہ کار راکیش جھنجھن والا کا آج صبح ممبئی کے ایک اسپتال میں انتقال ہوگیا۔ وہ Akasa Air کے شریک بانی بھی تھے، ہندوستان کی سب سے نئی ایئر لائن جس نے پچھلے ہفتے تجارتی آپریشن شروع کیا تھا۔   راکیش جھنجھن والا کو دل کا دورہ پڑنے کے…

[hummingzone]

Rakesh Jhunjhunwala’s newest PSU stocks rally 12-20% this month; big bull pockets Rs 111 crore

The big bull has reiterated his views on PSU stocks time and again and has been vocal about select PSU banks and commodity stocks. Rakesh Jhunjhunwala latest Public Sector stocks have rallied between 12-20% so far this month, helping the big bull pocket massive returns in a short period of time. The ace investor had picked a stake in Canara Bank earlier last quarter through a Qualified…

[rudrjobdesk]

₹130 पर जाएगा यह शेयर, राकेश झुनझुनवाला का है बड़ा दांव, अभी खरीदने पर होगा मुनाफा, एक्सपर्ट बुलिश

₹130 पर जाएगा यह शेयर, राकेश झुनझुनवाला का है बड़ा दांव, अभी खरीदने पर होगा मुनाफा, एक्सपर्ट बुलिश

Rakesh Jhunjhunwala Portfolio Stock: राकेश झुनझुनवाला का सबसे बड़ा बैंकिंग दांव फेडरल बैंक (Federal Bank) पर है। फेडरल बैंक के शेयरों को लेकर मार्केट एक्सपर्ट भी बुलिश हैं और इसे खरीदने की सलाह दे रहे हैं। मार्केट जानकारों के मुताबिक, फेडरेल बैंक के शेयर में तेजी आ सकती है और यह शेयर 130 रुपये तक पहुंच सकता है। बता दें कि आज सोमवार को फेडरल बैंक के शेयर 1.01% की तेजी के साथ 94.60 रुपये पर कारोबार…

[filternewsofficial]

क्यों गिरता जा रहा है Jhunjhunwala का यह पसंदीदा शेयर? होल्ड करें या बेच दें, जानिए क्या है जानकारों की राय

  बिग बुल राकेश झुनझुनवाला के इस पसंदीदा शेयर में भारी गिरावट ने बहुत से निवेशकों की चिंता बढ़ा दी है. What to do with Jhunjhunwala backed Nazara Tech shares: भारतीय शेयर बाजार के बिग बुल राकेश झुनझुनवाला के पसंदीदा शेयरों में शामिल नज़ारा टेक्नोलॉजीज ( Nazara Technologies) में शुक्रवार को 8.7 फीसदी से भी ज्यादा गिरावट दर्ज की गई. हालांकि यह शेयर अपने इश्यू प्राइस से 37 फीसदी ऊपर ट्रेड कर रहा है…