While Rakesh Jhunjhunwala may have earned the reputation of being India’s Warren Buffett, we take a look at three other ace investors, who too have proved their mettle in the Indian capital markets.
Investment wizard Rakesh Jhunjhunwala’s ability to pick multibagger stocks needs no elaboration, as in 2017 alone, four of his stock picks have more than doubled investor wealth. These include his favourite scrip Titan Company Ltd returning 161%, Delta Corp Ltd shares which returned 170%, shares of Dewan Housing Finance which surged by 142% and shares of Escorts Ltd which zoomed 158%.
What sets the man apart from other investors in the stock market? In his own words–ability to take risk. “One thing which keeps me apart is that I have got guts. I may have Rs 1,000 in my bank but if I think the deal is worth a crore – I will do it. I have guts and setbacks don’t put me off. I feel them for 10 minutes but then I am ready to fight back,” Rakesh Jhunjhunwala explained in a recent interview with CNBC TV18. While Rakesh Jhunjhunwala may have earned the reputation of being India’s Warren Buffett, we take a look at three other Indian ace investors, who too have proved their mettle in the Indian capital markets.
One of the most influential small and midcap stock pickers in the country, Kochi based Porinju Veliyath had picked had spotted names such as Wockhardt, Orient Paper, Piramal Enterprises, Kitex Garments, Force Motors and Biocon, which have multiplied many times over since he spotted them. GVK Power and Infra Ltd, where the ace investor holds a significant stake rallied by a staggering 256% in 2017, more than tripling investor wealth. Sharing that he owns 6.5% stake in the company, Porinju Veliyath quipped in an interview with ET Now in November-17, “Last time when I went to Mumbai I was waiting for the flight in the lobby. I was telling my wife I own 3% of Mumbai Airport! So something nice to think about. There are leveraged infra companies and with the less leverage infra companies, infrastructure is definitely a theme and a story going forward.”
Dolly Khanna whose portfolio value was estimated at being above Rs 600 crore in November-17, too made killing in Indian capital markets last year. One such mid-cap Rain Industries Ltd, picked by Rajiv Khanna, who invests in the name of his wife Dolly, has given more than 577% returns since in 2017. The other multi-baggers in the portfolio of Dolly Khanna include NOCIL Ltd which returned 171% and PPAP Automotive with returns of 342% in 2017.
The media shy investor, Ashish Kacholia, who is known for his multibagger mid and small-cap picks, too proved his mettle in 2017. Notably, NOCIL Ltd is a common scrip which features in his portfolio along with Dolly Khanna. As mentioned earlier, The largest rubber chemicals manufacturer NOCIL Ltd’s shares have returned a staggering 172% in the year 2017. The other multi-baggers in the portfolio of Ashish Kacholia include KEI Industries which returned 204% and APL Apollo Tubes with returns of 116% in 2017.