July 2009 July 2009 Since Jan 2009 Since Jan 2008

.
COMPANY % PORTFOLIO % Gain/Loss % Gain/Loss
.
Agrotech Foods 1.7 60.6 25.4
.
Alphageo 0.1 74.3 -60
.
Aptech Ltd 4.2 93.1 -17.3
.
Autoline Ind 0.5 18.1 -60.2
.
Bilcare Ltd 4.8 30.3 -49.3
.
CRISIL 11.7 35.1 14.6
.
Dwarikesh Sugars 0.2 101.8 62.4
.
Geojit 4.2 112.7 -8.4
.
Geometric Ltd 0.8 100.8 -38.8
.
Hindustan Oil 2.2 118.2 34.9
.
Indage Vintners 0.2 41 -87.2
.
Infomedia 18 0.6 30.2 -67
.
Ion Exchange 0.4 45.9 -26.8
.
JB Chemicals 0.3 NA NA
.
Kajaria 0.3 44.3 30.8
.
Karur Vysya bank 3.4 51.2 -8.3
.
Lupin Ltd 16.3 42.4 94.5
.
Mid-Day 0.2 39.4 -38.8
.
NCC 1.2 117.6 -34.6
.
Pantaloon Retail 0 NA NA
.
Praj Ind 7.9 46.7 -34.4
.
Prime Focus 0.9 96.4 -74
.
Provogue 0.5 31.7 -79.5
.
Punj Lloyd 7.2 173.3 -19.2
.
Rallis india 2.1 85.3 126.1
.
Rishi Laser 0.1 35.1 -60.2
.
Titan Industries 26.7 67.8 22.7
.
Vadilal 0.1 73.5 1.5
.
Viceroy Hotel 0.9 90.3 -54.2
.
Zen Technologies 0.4 -23.5 -51.3
.
Totals 100 65.6% -6%

Rakesh Jhunjhunwala
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Rakesh Jhunjhunwala in office

Rakesh Jhunjhunwala is an Indian Chartered Accountant by qualification but an

investor / trader by profession. In 2007, Forbes rated him as India's 51st and the world's
#1062 richest man with wealth of $1.1 billion. He is one of the most famous and
respected equity investors in India and manages his own portfolio as a partner in his asset
management firm, Rare Enterprises. A large man in his late 40s, Jhunjhunwala was
described earlier this year in a magazine as the “pin-up boy of the current bull run” and
by another as "Pied Piper of Indian bourses". He is tagged by the media as 'India's
Warren Buffett'.

Mr Jhunjhunwala stays at Malabar Hill and works from his office at Nariman Point in
South Mumbai. He regularly appears on various business channels on television to share
his ideas and opinions on the Indian markets. He is well known among the investing
circles as 'Rocky' and among his close associates as 'Bhaiyya'. He considers Mr
Radhakrishnan Damani as his guru (mentor) and best friend.

Contents
[hide]

• 1 Career
• 2 Investment Philosophy
• 3 Read more

• 4 External links

[edit] Career
Son of an income tax officer, he started dabbling in stocks while in Sydenham college
and plunged into investing as a full time profession soon after completing his education.
He started his career with $100 in 1985 when the BSE Sensex was at 150. He made his
first big profit of Rs 0.5 million in 1986 when he sold 5,000 shares of Tata Tea at a price
of Rs 143 which he had purchased for Rs 43 a share just 3 months prior. Between 1986
and 1989 he earned Rs 20-25 lakhs. His first major successful bet was iron ore mining
company Sesa Goa. He bought 4 lakh shares of Sesa Goa in forward trading, worth Rs 1
crore and sold about 2-2.5 lakh shares at Rs 60-65 and another 1 lakh at Rs 150-175. The
prices then went up to Rs 2200 and he sold some shares.

But he credits Madhu Dandavte Union budget of 1990 as the inflection point for his
investing career which quintupled his net worth. His privately owned stock trading firm
Rare Enterprises, derives its name from the first two initials of his name and wife Rekha's
name.

"My decision to aggressively invest in the asset class of Indian equities at the right time
was a very important determinant of my success,” said Rakesh Jhunjhunwala.

Jhunjhunwala's portfolio of stocks is tracked religiously. His latest stock portfolio is the
subject of many debates and analysis. Like Warren Buffett, Jhunjhunwala is a long term
investor, however he acknowledges that it was 'trading' income which helped him built
his initial capital base and continues to remain an active trader as he believes it keeps one
alert and always on your feet.

Mr. Jhunjhunwala is the Chairman of Aptech Limited and Hungama Digital Media
Entertainment Pvt. Ltd and also sits on the Board of Directors of various Indian listed/
unlisted companies like Prime Focus Limited, Geojit Financial Services Limited, Bilcare
Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited,
Innovasynth Technologies (I) Limited, Mid Day Multimedia Limited, Nagarjuna
Construction Company Limited, Viceroy Hotels Limited & Tops Security Limited.

[edit] Investment Philosophy

Although he claims to put only a minuscule of his networth on the table for trading
activity, he has often leveraged his own capital and managed to make a fortune from his
calls, more often than not. His stock picking strategy is influenced by the lessons from
Mr George Soros's trading strategies and Dr Marc Faber's analysis of economic history.
He endorses the thumb rule of 'trend is my best friend'.

He is the poster boy of the Indian bull run but admits to have been a bear in the Harshad
Mehta days and believes that a person in the market should be like a chameleon. He calls
the markets as temples of capitalism and believes that they are the ultimate arbitrators.

Much like Mr Warren Buffet, he buys into the business model of a company and for
judging the longevity and growth potential, he gives top priority to 'competitive ability',
'scalability' and 'management quality' of the enterprise. The 'entrepreneur', according to
Mr Jhunjhunwala is what makes an invaluable difference to his expected investment
returns. According to Mr Jhunjhunwala, believing in the vision and the beliefs of the
entrepreneur and validating the risks that may not be perceived by the entrepreneur are
the key success factors for an investor.
Mr Jhunjhunwala has managed to identify numerous multi-baggers in the past decade,
notable being Karur Vysya Bank, Praj Industries, Crisil, Titan, Nagarjuna, HOEL and
PSUs like BEML and Bharat Electronics, among others. The typical traits to look for
while identifying potential multi-baggers, according to Mr Jhunjhunwala are - low
institutional holding, under-researched and general pessimism about the stock.

A good time to Sell a stock, according to Mr Jhunjhunwala is not based on any 'price'
targets, but when the 'earnings' expectations have peaked or the business model has
peaked or the valuations appear ridiculously unreasonable.

[edit] Read more

Rakesh Jhunjhunwala has made many public presentations and interviews that shed more
insight on the man. Similar to Fake Steve Jobs, there is a Fake Blog on Rakesh
Jhunjhunwala.

[edit] External links