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livemint.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
economictimes.indiatimes.com / 1 year ago
Rakesh Jhunjhunwala’s new Titan: The stock that delivered a 430x return
For decades, Titan was the undisputed crown jewel of Rakesh Jhunjhunwala’s legendary portfolio. But in a stunning shift, a new stock has taken its place at the top—Inventurus Knowledge Solutions (IKS).
What makes this change remarkable isn’t just the numbers—it’s the staggering 430x return Jhunjhunwala’s family has made on IKS over 17 years, turning a little-known investment into a multi-thousand-crore behemoth.
This is a story of patience, conviction, and the ability to spot transformative businesses long before the market catches on.
IKS launched its initial public offering (IPO) in December 2024. Priced between ₹1,265 and ₹1,329 per share, IKS’s IPO drew strong investor interest. Since listing, the stock has skyrocketed, pushing its market cap to ₹29,000 crore.
As of December 2024, Jhunjhunwala’s family owns almost 50% of the company, translating to a holding worth ₹14,600 crore—surpassing his Titan stake, which stands at ₹13,800 crore.
“The market cap of IKS today is roughly ₹29,000 crore…The kind of returns they have made is simply phenomenal," said Aditya Kondawar, author of The Big Bull of Dalal Street, a biography of Rakesh Jhunjhunwala.
The numbers speak for themselves—Jhunjhunwala’s family bought IKS shares for as little as ₹3.5-3.7 apiece. Today, the stock trades at ₹1,728, marking one of the most astonishing multibagger runs in Indian markets.
Also read: How you can invest in a fully valued market
Jhunjhunwala’s journey with IKS began in 2007-08, when he identified its potential early on. Over the next several years, he steadfastly held onto his investment, demonstrating his characteristic patience and conviction. His success in IKS is reminiscent of his legendary bet on Titan, which he began accumulating in
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