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Shankar Nath Profile picture
Shankar Nath
@shankarnath
21,000+ investors read my newsletter at https://t.co/BZouVWwyHL | Youtuber | Solopreneur
Feb 21, 2021 • 11 tweets • 2 min read
[THREAD]

Why Rakesh Jhunjhunwala invested in Titan Company Limited? (a premise)

Rakesh Jhunjhunwala first invested in Titan Industries (as it was then called) in the 2002-03 period. The stock was available for an average of ₹60 per share

1/n Titan Company and Rakesh Jhunjhunwala Titan in FY2003
- Shares outstanding : 4.22 crs; FV = ₹10; Market cap = ₹253 crs
- Share price performing below it’s 8-year average share price
- Net profit = ₹6.21 crs on revenue of ₹800 crores (0.77% margin)

2/n
Feb 20, 2021 • 5 tweets • 2 min read
Over dinner with a seasoned businessman, a friend suggested the services of a business consultant who had a reputation of improving corporate profits

The young consultant studied the business over the next few weeks & recommended 3 new businesses to get into

A thread (1/n) Many years passed. The friend caught up with the businessman & asked : Hey, did that consultant help you improve profits?

The businessman replied : “Yeah somewhat”

What do you mean?

“Earlier 100% of my profits used to come from my core business. Now it gives me 150%” (2/n)