Stock market investing is not that easy. An investor needs to be interminable and calculative at the same time in order to progress from being a laggard to a leader in the stock market. You just need to select the best Multibagger stocks from a crowd of thousands of stock & invest your money to get multiple returns until others have realised the hidden potential of those hidden gems.
Among the stocks in your portfolio, some have hidden potential to report explosive growth in the coming years, and this can be detected through extensive research of some key features by your efforts.
Here are some of the most prominent stock market maestros who started as an amateur in the market and steadily climbed up the investment ladder to emerge as the visionaries of the modern-day game of trading.
Net worth: 2.4 Billion USD
Born: 5 July 1960 (Age 57), Mumbai India
Education: Chartered Accountant
College: The University of Mumbai, The Institute of Chartered Accountants of India (ICAI)
Occupation: Owner of rare enterprises, investor, Film Producer & trader
Rakesh Jhunjhunwala, also known as, “India’s Warren Buffet” and “The Big Bull’, is one of the most renowned and successful stock market investors in India.
The son of an income tax officer, Rakesh joined the stock market after completing his degree as a chartered accountant. Starting with the initial investment of only Rs 5,000, currently, he is sitting on a huge net worth of around Rs 15,000 crores.
Jhunjhunwala today manages the privately-owned asset management firm “RARE Enterprises”. The name RARE is derived from the initials of his name and his wife’s name. That is- ‘Ra’ from his name (Rakesh) and ‘Re’ from his wife’s name (Rekha). He is also the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd.
From the very start, Rakesh Junjhunwala’s ‘risk and reward’ taking ability along with powerful imagination & wisdom earned him great profits.
His first ever substantial income was from selling 5000 shares of Tata Tea which he had previously bought for Rs. 43 per share and trading them at Rs. 143. His later career was marked by his buying of six crore shares of Titan in 2003 at an average price of around Rs 3. The stock is still in his portfolio and currently trading at Rs 890.
Rakesh Jhunjhunwala follows the ideology of Warren buffet and believes in long-term investment. He strongly advocates the growth of India, and its rising economy. Mr Jhunjhunwala is also confident in learning from mistakes. He often says- ‘Mistakes are your learning friends. The idea is to keep these mistakes small.’
Net worth: 11.7 Billion USD (-as of May’2018)
Occupation: Investor, Stockbroker, Trader and the Founder & Promoter of Dmart
Radhakishan Damani, also known as ‘Mr white and white’, because of his simple dressing- white shirt and white trousers, is an investor and owner of D-mart. He is also the mentor of billionaire investor Rakesh Jhunjhunwala. RK Damani is known for his low profile, and he rarely makes an appearance in public events or press conferences.
On 21st March 2017, i.e. the listing day of Avenue supermart (parent company of D-mart), the stock price rose more than double, from the offer price of Rs 299 and ended up 116% upwards to Rs 648. In the IPO of Avenue Supermart, Rk Damani made 6100 crores in just two days.
RK Damani owns a 52% stake in Avenue Supermarts, and Bright Star Investments – his investment company, holds another 16% stake.RK’s journey in the Indian stock market is truly inspiring. He was not always involved in the stock market. He started his career as a trader in ball bearing, with no intentions to enter the stock market. However, his future has something else reserved for him.
Net worth: 8000 Crores (1.24 Billion USD)
Age – 61
Education: HR College, Mumbai (Bachelor’s degree in Commerce)
California State University (Master’s Degree in Business Administration)
Occupation – Founder of Ramesh s Damani Finance Pvt Ltd
Ramesh Damani, the investment guru and one of the most successful sharemarket investors in India, started his journey to riches in the 1990’s when Sensex was 600 points. He holds a bachelor’s degree in commerce from HR College, Mumbai and a master’s degree in Business Administration from California State University. Ramesh Damani works at privately owned Ramesh s Damani Finance Pvt Ltd.
The son of a successful stock investor, Ramesh Damani became a member of the Bombay Stock Exchange (BSE) in 1989. Initially, Ramesh planned his career as a stockbroker. However, later he started enjoying picking winning stocks and switched to become a long-term investor. Ramesh Damani’s first famous investment was ‘Infosys’. Coming from a techie background in the US, he knew that Infosys has great future potentials. So, when Infosys became public in 1993, he invested Rs 10 lakhs in it. By 1999, this investment has given him more than 100 times return.
Networth – 1,200 Cr
Occupation: Co-Founder- Motilal Oswal Financial Services Ltd
Raamdeo Agrawal, the co-founder of Motilal Oswal group, is another most respectable stock market investor in India.
He is famous for investing in the legendary stock of HERO HONDA in 1995 when HERO was a small cap with a market capitalisation of only 1000 crores. Raamdeo Agrawal spent around Rs 10 lakh in the shares of the two-wheeler manufacturer at Rs 30 a piece, and held on to them for the next 20 years, till the share price rose to Rs 2,600 apiece. Today the market cap of HERO is above 73,000 crores. During the last 30-year career, Raamdeo Agrawal investing strategy is based on QGLB: Quality, growth, longevity and bargain value of a company.
Porinju Veliyath was born in the year 1962 in a lower-middle-class family in Kochi. His Youth was stuffed with struggles. He joined various jobs together with studies to support his family. He went city in 1990 in search of the job. He was appointed as a floor merchant at Kotak Securities there. Securities market was an entirely new field for him. Inside a brief span of time, he learned everything associated with securities market and had become a knowledgeable merchant. He worked for four years there and gained lots of information. In 1994, he joined Parag Parikh Securities to explore the job of Analyst and fund manager. In 1999, he came back to Kochi and determined to form cash on his own from the securities market. He made his 1st significant investment in ‘Geojit monetary Services’. The stock in the market had a low worth at that point. Proving everyone wrong, this investment gave him manifold returns. In 2002, he started his portfolio management service (PMS) firm within the name of ‘Equity Intelligence’.
Bhavook Tripathi is least heard of among Investing community and maintains a low profile, but is fast becoming popular. He is said to be the youngest Indian Investor to hit 1 Billion INR at the age of 40.
Unlike Rakesh Jhunjhunwala who made his kill in Futures trading, Tripathi has made money through his start-up company and long-term investing alone. Bhavook Tripathi is a metallurgical engineer and runs an auto ancillary manufacturing unit called “Sanshu Industries” in Aurangabad.
Bhavook Tripathi shot into super-stardom when he launched an open offer to acquire 26% of the share capital of R Systems International, a company engaged in providing software product development and BPO services. Bhavook Tripathi invested 40 crores in the open offer and currently holds 39,93,227 shares of R Systems International (31.97% of its capital) worth Rs. 69 crores, a part of Future Group).