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NEW DELHI: Big Bull Rakesh Jhunjhunwala’s mantra for investing success has three Fs – fair valuation, fundamentals and future. That, he says, has worked for him since 1985. “I have made wealth in Indian stock market because, I was always bullish on India. India has grown rapidly in the last few decades,” the ace investor told Hindi news channel Aaj Tak in an interview. He said it is a myth that the market is driven by non-real factors. “Markets are the supreme king, and one has to accept it. So, follow it and learn from it. The so-called kingmakers are behind bars in Arthur Jail,” he said. “There is no Harshad Mehta in the markets. It is not manipulated. Such talks are completely bogus.” ....
NEW DELHI: Big Bull Rakesh Jhunjhunwala exited four of his stock holdings during the March quarter, even as he hiked stakes in five others and cut it in six, latest shareholding data showed. Among the stocks Jhunjhunwala exited was Ion Exchange, where he had held 5.3 per cent stake in the past six quarters. The Big Bull, who had been a key shareholder in Ion Exchange at least since December quarter of 2015, was not among its top shareholders at the end of the March quarter, BSE shareholding data showed. GMR Infra was another stock that Jhunjhunwala seems to have sold. He had kept his stake unchanged at 1.4 per cent for at least past four quarters. But March quarter shareholding data did not list him as a key shareholder. ....
Synopsis Rakesh Jhunjhunwala’s recent portfolio restructuring saw many of his wealth creators losing weightage and new stocks being added to his portfolio. ETMarkets.com Rakesh Jhunjhunwala and his wife went light on three stocks while adding two more to their kitty. Investing as a career is to let the company’s management constantly worry about running the business while you just let yourself sit back and sip wine, says veteran value investor Vijay Kedia. He seems to correctly point at investors doing just the opposite and inviting unhappiness by adding unnecessary parameters. Read about Kedia’s simple yet successful take on investing, Rakesh Jhunjhunwala’s portfolio restructuring, Samir Arora taking shots at popular beliefs from people like Warren Buffet, and more in this week’s ‘Long & Short of Markets’. ....