Here is a look at what Rakesh Jhunjhunwala has brought in the recent months:
1. Fortis HealthCare:
Jhunjhunwala bought 34, 85,075 shares of Fortis Healthcare through bulk deal on 11th Feb, 2015. The stock was purchased on an average price of Rs 119.35. The transaction was valued at Rs 41.6 crore
2. Delta Corp:
Rakesh Jhunjhunwala has increased in stake in Delta Corp, which owns casinos in Goa by adding 12.5 Lakh shares at Rs.91.75 on 2nd Feb, 2015. Prior to the deal Mr Jhunjhunwala owned 3.47 per cent stake in Delta Corp.
3. Man Infra:
Rakesh Jhunjhunwala has brought 30 lakh shares of Man infra Mansi Parag Shah, one of the promoters of Man Infra construction at Rs.36 on 30th January, 2015. Man Infra provides construction services for ports, roads besides undertaking residential, industrial, commercial projects.
4. Geojit BNP Paribas:
Rakesh Jhunjhunwala brought 12.5 lakh shares of Geojit BNP Paribas between 27th Jan to 4th February, with an investment of Rs.5.7 crore. Jhunjhunwala had earlier said that the Indian market is in a structural multi-year bull phase. As such, Kochi-based stock broking company Geojit is generally expected to do very well. Jhunjhunwala had first invested in Geojit in 2004 and he has been on the board of the company since then.
5. Spice Jet:
Rakesh Jhunjhunwala picked up 1.4% stake in Spice Jet at Rs.17.88 on 28th November, 2015.
Tourism Finance Corporation of India Limited (TFCI) was promoted by IFCI Ltd along with other financial institutions and banks in January 1989. The company was established to cater to the needs of the tourism industry and to ensure priority funding of tourism-related projects.
TFCI provides financial assistance to tourism-related projects, such as hotels, resorts, restaurants, amusement parks, etc, primarily in the form of long-term loans and also by investing in such company’s debentures, equity, preference shares, etc. Since FY12, consequent to change in Memorandum of Articles, TFCI has also started lending to other sectors such as real estate, infrastructure and paper.
The company also coordinates and formulates guidelines and policies related to financing of such projects. As a developmental role, TFCI organizes seminars, participates in tourism related activities organized by the Ministry of Tourism and by trade bodies/associations. TFCI also provides research and consultancy services to state and central agencies for development of the tourism industry.
Tourism Finance Corporation of India Ltd (TFCI) has lots of factors going in its favour like strong capitalization level, low gearing, comfortable liquidity profile and sustained profitability with increase in Interest spreads. TFCI has a high ability to diversify its operations and grow the loan book while sustaining profitability and maintaining its asset quality in future which be key to the company.
The stock price of TFCI as of 09/02/2014 is 82.35. At the current price the stock has a P/E of 10.63 and P/B of 1.52. The stock has paid a dividend yield of 1.46%. The stock can go to much higher levels in long term and turn out to be a multi-bagger.
Rakesh Jhunjhunwala is reckoned as India’s most successful investor and trader of modern times. An chartered accountant by profession, Rakesh Jhunjhunwala has been described by India Today magazine as the "pin-up boy of the current bull run".
Here are some amazing facts about him:
1. His favourite picks are Titan, Lupin and CRISIL. His family holds equity share of over Rs 100 Cr in each of these companies.2. In the last 30 yeats Rakesh Jhunjhunwala has made Rs 5000 Cr from 5000 Rs by investing in stock markets.
3. As per estimates in the last one year has made daily gain of around Rs 8.4 Cr in stock market.
4. As per the current trends Rakesh Jhunjhunwala's net worth is growing by around Rs 60 Cr a week and 240 Cr a month.
5. As per estimates Rakesh Jhunjhunwala's networth has grown to Rs 7261 Cr from Rs.4192 Cr last year. As such the net jump has been around 73%.
6. Rakesh Jhunjhunwala current net worth is beating market cap of 96% of listed companies.