Who Will Be The Next Big Bull Of Stock Market

The death of Rakesh Jhunjhunwala has left the Indian stock market forlorn. It doesn't appear that anyone will take his place in the near future. He was famously known as India's Great Bull.

Harshad Mehta was the first big bull in the Indian stock market before Rakesh Jhunjhunwala. Harshad Mehta's net worth is estimated to be $475 million (about INR 3542 crores). Harshad Mehta's death on December 30, 2001, sparked many doubts regarding the Police Department.

Many investors have made billions of rupees in the stock market, but Rakesh Jhunjhunwala's popularity is unparalleled. Even India's Prime Minister, Narendra Modi, praised him for his belief in the Indian economy.

Prospective Future Big Bulls

Many experts believe that there is currently a significant distinction between Rakesh Jhunjhunwala and any other investor aspiring to be the next big bull. Let's look at the top five Indian investors who are vying to be the next big bull of India after Rakesh Jhunjhunwala.

1). Radhakishan Damani

Radhakishan Damani formally began his stock market experience when his father died at the age of 32, and prior to that he was in the ball-bearing company. While he began his stock market career as a broker, he quickly recognised that broking did not pay as well as speculating.

In 1989, Radhakishan Damani founded Brightstar, a brokerage firm from which he profited billions through trading, and he profited crores through trading during both the 1991 Harshad Mehta and 2001 Ketan Parekh scams.

In 2002, Radhakishan Damani founded his own retail chain known as D-Mart which today is India's most lucrative retail company and the present total net worth of Radhakishan Damani is Rs. 1.80 lakhs of crore. Damani is likely to be the trustee of the late Rakesh Jhunjhunwala Trust following the death of Rakesh Jhunjhunwala.

2). Mohnish Pabrai

Mohnish Pabrai, a computer engineer by profession, is now retired. Mohnish Pabrai founded his own IT firm, Transtech, which he sold for $20 million in 2000. He began his financial path after reading about Warren Buffet in a book and being impressed by his investing strategy.

3). Ashish Dhawan

Ashish Dhawan is a well-known philanthropist, investor, and businessman. Aside from being a wealthy investor, he is a Yale graduate and a Harvard business school MBA.

His firm, Chrys Capital, is now India's leading private equity fund.

Ashish Dhawan's portfolio includes 14 equities at a total of Rs. 1,984 crores. He is a careful investor with a strong desire to serve the nation, having played a key part in the establishment of India's first liberal arts university, Ashoka University.

He feels that India cannot become a high-income country unless the education system is improved. Ashish Dhawan is contributing to the country's growth on both the social and economic fronts.

His contributions to nation-building are notable, and his astute investment tactics make him a worthy contender for the next big bull.

4). Nemish S Shah

Mr. Nemish Shah is a financial counsellor and investment banker known for providing sought-after investing thoughts and recommendations. He is also a co-founder and director of ENAM Asset Management.

The investment plan of Nemish S Shah

Quality over quantity is Nemish S Shah's investment strategy, as he concentrates on investing in fewer companies while diversifying his assets across other sectors. Nemish Shah has built ENAM into a renowned asset management firm over the last 30 years.

Nemish Shah's portfolio now consists of 6 companies that are well-diversified across all sectors and have a net worth of Rs. 1,588 crores.

5). Vijay Kedia

Vijay Kedia, who was born into a stockbroking family, considers the stock market to be his first love. He began his stock market career as a trader, but in 1989 he chose to stop trading and focus on investment. His investment strategy was mostly based on value investing.

He focused on a firm's management before investing in it because he believed that management is the driving force of a company and that its success or failure is primarily dependent on the management of the company.

The Investing Strategy of Vijay Kedia

Vijay Kedia's portfolio now consists of 16 equities, with a total net worth of Rs. 690 crores. His investing style is to invest in small and mid-cap firms with excellent fundamentals over the long term. As those businesses expand in line with the country's GDP, so will Vijay Kedia's net worth.

Choosing small and mid-cap companies and expecting them to expand in tandem with the Indian economy is Rakesh Jhunjhunwala's approach, and if the bulk of his bets turn out to be multi-baggers, he could be the next big bull in the future.