Rakesh Jhunjhunwala’s Multibagger Magic: Geojit, NCC Lead the Pack with Up to 123% Returns!

Several stocks in Rakesh Jhunjhunwala’s portfolio have delivered impressive returns over the past year. Notable performers include Geojit Financial Services, Raghav Productivity Enhancers Ltd, Jubilant Pharmova, and NCC Ltd. Among these, Geojit Financial Services has seen its share price soar by over 112%, making it a standout gainer. The other stocks in the list have also performed well, with each of their share prices doubling.

Today marks the second death anniversary of Rakesh Jhunjhunwala, a legendary investor who passed away on August 14, 2022. Jhunjhunwala, known as the “Big Bull,” managed a privately-owned stock trading firm called RARE Enterprises.

In addition to the four key stocks mentioned above, several other stocks in Jhunjhunwala’s portfolio have also shown strong performance over the last year. Stocks like Tata Motors, Indian Hotels Company, Federal Bank, Karur Vysya Bank, Jubilant Ingrevia, Fortis Healthcare, and Canara Bank have all delivered returns of more than 50% to investors. Stocks like Escorts Kubota Ltd and Nazara Technologies Ltd have also done well, providing returns in the range of 40-50%.

However, some stocks, like Titan Industries and Agro Tech Foods Ltd, which had performed well in the past, have seen limited gains over the last year. For Titan, fluctuations in gold prices and intense competition have impacted demand.

Regarding shareholdings, data from Moneycontrol indicates that with the exception of Fortis Healthcare and Canara Bank, most of the 26 stocks in Jhunjhunwala’s portfolio have seen a slight decline in his and his associates’ shareholding. Agro Tech Foods Ltd and Nazara Technologies, for example, saw a reduction of 0.15% in shareholding by the end of the June 2024 quarter compared to the March 2024 quarter. Jhunjhunwala’s stake in Geojit Financial Services is at 7.2%, while in NCC Ltd, it stands at 12.48%.