Rakesh Jhunjhunwala has only one partner accompanying him in his stock market investment. It is none other than his wife Rekha Jhunjhunwala. Rakesh founded his small investment firm RaRe Enterprise (‘Ra’ stands for Rakesh, ‘Re’ stands for Rekha), that takes care of his portfolio.
I Remember, RaRe Enterprise had bought IFCI stocks at 17 R.s in early 2007 and it went up to 100 + R.s (580% appreciation) in late 2007. This is the effect one can see when Rakesh buys any stock in India. And, the reverse is also true. That’s, when his wife Rakha Jhunjhunwala sold out Prajay Industries stocks an year ago, the stock went down immediately from 400 R.s level to some 50 R.s (800% down). So, the investors need to be very careful on the portfolio update of Rakesh’s family. Anything they buy or sell will have a severe consequence over Indian Markets!
I’ll try to post his portfolio updates very regularly. Here is an update of Rakesh’s portfolio:
| S.No | Stock Name | Acquired By | Acquired On | Quantity | Source |
|---|---|---|---|---|---|
| 1. | Zen Technologies | Rakesh Jhunjhunwala | Sep 30th, 2008 | 450,000 (5.26%) | The Hindu Business Line |
| 2. | Nagarjuna Constructions | RaRe Enterprise | Jul 2008 | 16000000 | BSE Announcement |
| 3. | Aptech Ltd | Rakesh JhunJhunwala | Nov 06, 2008 | 1000000 | BSE Announcement |
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