I have tried to find out when did the Ace Investor Rakesh Jhunjhunwala first bought a stock and at what (Average) price, adjusted for bonus issue and stock split through the BSE Shareholding pattern and BSE Historical prices data. BSE doesn’t disclose holdings less than 1% so its very likely that he must have bought some stocks earlier and subsequently raised it to more than 1%. In bracket is the multibaggers he is making at CMP (as of today). Considering his acquisition price, the dividend yields on most of his stocks is as high as 20% !!!
Crisil was bought in the March’02 quarter when the stock was trading at an average price of 250 (16 bagger) .
He bought Titan in the June’02 quarter when the stock was trading at 65. At the Myiris.com Investor meet two years ago, Jhunjhunwala mentioned he bought Titan at 40 which means he bought Titan before the June’02 quarter (30 bagger)
RJ first bought Lupin in the Dec’02 quarter when the stock was trading at 60 (15 bagger)
Pantaloon was bought in the Sept’03 quarter when the stock was trading at 22. Rights issue excluded (15 bagger)
Nagarjuna Construction was bought in the March’04 quarter when the stock was trading at 16 (9 bagger)
Praj Industries was bought in the March’04 quarter when the stock was trading at just Rs 4.5 (21 bagger)
Bilcare was bought in the March’04 quarter at 125 (3 bagger)
Geojit BNP Paribas was bought in the March’05 quarter at 7.5 (almost 6 bagger)
Punj Lloyd was bought in the March’06 quarter at 210 (No bagger here)
Karur Vysya Bank was bought in the June’06 quarter at 275 . Rights issue of 1:2 in 2006 excluded. (No bagger here)