Who Will Be The Next Big Bull Of Stock Market?
Rakesh Jhunjhunwala's death has left the Indian stock market desolate. It does not appear that anyone will take his place in the near future. Known as the Big Bull of India, he always believed in the Indian growth story and was always optimistic about the country's future.
Rakesh Jhunjhunwala is regarded highly for his confidence in the Indian economy by the Prime Minister of India Narendra Modi as well as thousands of other investors who have earned billions of rupees through the stock market.
Who is a Bull in Stock Market?
Whenever the stock market is continuously rising, it is referred to as a bull market since it attacks from the bottom to the top. If an investor believes that a particular stock will go up, then it means that the investor is bullish on that stock.
Why Rakesh Jhunjhunwala is the Bigbull?
Rakesh Jhunjhunwala was a big investor, and when he bought a stock, it caused a buzz in the stock market about that stock, resulting in the price of the stock increasing.
In 2003, Rakesh Jhunjhunwala bought 4.4 crore shares of Titan at a price of Rs. 3 per share at a time when the company was underperforming.
Rakesh Jhunjhunwala has maintained his stake in Titan despite fluctuations in the stock price, and it is currently worth Rs. 2400 per share and Rakesh Jhunjhunwala's net worth is around Rs. 11,000 crore. Now the main question is Who Will Be The Next Big Bull Of Stock Market?
Prospective Future Big Bulls-
Radhakishan Damani
His stock market journey began when he was 32 years old, after his father passed away, and before that he worked in the ball-bearing industry. As a broker, he soon realized that broking was not as lucrative as speculating.
Radhakishan Damani opened a brokerage firm called Brightstar in 1989 from which he made crores of profits by trading, and he made crores of profits by trading during both the 1991 Harshad Mehta and 2001 Ketan Parekh scams.
Radhakishan Damani founded D-Mart in 2002, which today is India's most profitable retail company. Radhakishan Damani's net worth is Rs. 1.80 lakhs of crores. Damani is likely to be the trustee of the Rakesh Jhunjhunwala Trust after Rakesh Jhunjhunwala's death.
- Mohnish Pabrai
Computer Engineer Mohnish Pabrai founded Transtech in 2000 after post-retirement and sold it for 20 million dollars. He got inspired by Warren Buffet's investing style after reading a book about him.
Mohnish Pabra Investment Strategy:
A value investor, Mohinish Pabra follows the investment principles of Warren Buffet, Charlie Munger, and Benjamin Graham.
There is plenty of potential for the future for India as an investment opportunity. Currently the net worth of Mohnish Pabrai is around Rs. 1,386 crores.
- Ashish Dhawan
A philanthropist, investor, and businessman, Ashish Dhawan is well known. He is not only a successful investor, but also a Yale graduate and a Harvard MBA.
A meticulous investor with a zeal for serving the nation, Ashish Dhawan has a portfolio of 14 stocks worth Rs. 1,984 crores. He played a major role in the establishment of India's first liberal arts university, Ashoka University.
Ashish Dhawan is playing a significant role in the growth of the country from both a social and economic point of view. He believes that India cannot become a high-income country without improving its education system.
As the next big bull, he is a worthy contender due to his contributions to nation-building and shrewd investment strategies.
- Nemish S Shah
Investment banker and financial advisor Nemish Shah gives sought-after investment views and advice on investments.The asset management company ENAM is also co-founded and directed by him.
Nemish S Shah's investment strategy
Investing in fewer companies but diversifying these investments across various sectors is Nemish S Shah's investment strategy. A leading asset management company has been developed by Nemish Shah over a period of 30 years.Currently, Nemish Shah’s portfolio is net worth of Rs. 1,588 crores.
In contrast to other investors on the list, Nesh Shah's investment style is more risk averse and he tends to favor large-cap companies that are part of the Indian growth story. Thus, his investment style makes him an ideal candidate to become the next big bull in the market.
- Vijay Kedia
Having grown up in a stockbroking family, he considers the stock market to be his first love. He began his stock market career as a trader, but in 1989, he shifted his focus to investing.
He focused on the management of a company before investing in it, as he felt it was the driving force of a company and its success or failure is heavily dependent on its management.
Vijay Kedia’s Investment Strategy
In Vijay Kedia's portfolio, 16 stocks are held, and his portfolio's net worth is Rs. 690 crores. His investing philosophy is to invest in small and mid-cap companies with strong fundamentals for the long run.
Rakesh Jhunjhunwala's approach of picking small and mid-cap companies and expecting them to grow along with the Indian economy mirrors his approach, and if a majority of his bets prove successful, he could be the next big thing.
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