Amitabh
Bachchan is turning to be the Big B for Indian stock market as well.
Learning from the initial setbacks and mistakes,Bachchan is coming out
as an investor we should follow. He started off his investment career in
stock market in 2011 by investing in unknown penny stocks which turned
out to be disastrous.
In July 2011, Amitabh
Bachchan jumped into Birla Pacific Medspa IPO, a company which is
engaged in the lucrative business of running a Spa and promoted by the
high profile Yash Birla, a person from Birla family with zero business
acumen.(Guys.. just search for Yash Birla in Google and you will find
interesting guidance from Google).
Our
poor Big B smelled a multibagger in Birla Pacific Medspa and bought
16,75,000 shares (1.49% of the total equity) by investing Rs. 1.67 crore
at a rate of nearly Rs.10. Soon after listing, Birla Pacific Medspa
spiked to an all-time high of Rs. 30, trebling his investment. But
things went wrong from there. If you are brave enough, you can check the
current price of Birla Pacific Medspa.
Then
Bachchan tried his luck in Fineotex Chemicals. After its IPO price of
Rs. 72, Fineotex Chemicals jumped to 350 levels. When it started
sliding, Amitabh Bachchan thought it is a good opportunity to increase
the stake and bought 3 lakh shares between Rs. 170 to Rs. 150 per share.
Currently it is trading @ Rs. 42. Till now he has not sold a single
stock and holding nearly 5% of the total equity,waiting patiently for
revival.
Seeing these setbacks, a famous stock
broker said-"He should not be investing in penny stocks and these
unknown firms. He should not be wasting his money. A person of his
stature should invest in blue-chip stocks. A regular trader can
experiment with penny stocks. There are several other investment
opportunities which Bachchan should explore".
And
yes, he learned from the mistakes and for the third time, got it right.
The Amitabh Bachchan bought 92,030 shares of Neuland Labs. At the CMP
of Rs. 424, the investment has given 800% gain in the past four year.
Amitabh Bachchan Latest Stock Portfolio
In
2011, being the brand ambassador for Just Dial, Bachchan was given
62,794 shares at a throw away price of Rs 10 each. Originally,
Bachchan's 62,794 shares were valued at Rs 6.27 lakh. The value of these
shares spurted to Rs 3.83 crore on the debut day after IPO in 2013, as
per its listing day price of Rs 611.45 each. Currently the stock is
trading @ Rs.1250
His fourth pick, Stampede
Capital, an unknown company to many, was a surprise to all. He bought
the shares in several lots between 14th May 2014 and 6th June 2014. His
first bulk purchase of 110,000 shares was on 14th May 2014 at a paltry
price of Rs. 88 per share. Today, Stampede is at Rs. 520. This means
that Amitabh has made a mind-blowing profit of nearly 500% in about a
year’s time. His holding of 847,500 shares is worth Rs. 43 crore.
Stampede Capital has molded itself into a global financial technology
house specializing in "Automation of Knowledge Work" and Cloud Computing
for financial markets.
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