Rakesh Jhunjhunwala Story of Rs. 5000 to Rs. 20,000 Cr.+++
This is the story of truly inspiration for every investor or trader in the Indian Stock Market.
The Billionaire and the Warren Buffet of Indian Stock Market none another he is Mr. Rakesh Jhunjhunwala.
So, this article is about “The Success Story of Rakesh Jhunjhunwala”
He is also known as the King of Dalal Street.
Making money in the stock market is not an easy task to done but for Mr. Rakesh Jhunjhunwala it was his habit.
You should read his stories as it is very motivational for one.
Not only for the investors or the traders but it is also for everyone out there who is looking to make their career in any of the significant industry.
Let’s talk about him in brief, starting with his personal life.
Rakesh Jhunjhunwala was born on 5th July 1960 in Mumbai.
He was known as the “Big Bull” or the “Indian Warren Buffet”.
His father was an income tax officer and he used to listen from him regarding the discussion of the stock market that was made between his father’s friends.
With the curiosity to know, one day he asked about the stock market to his father and his father suggested him to read the newspapers as it contains the news of the fluctuations of the prices of the stocks.
Then, after that he expressed his wish to pursue a career in the stock market.
Later in he got graduated as a CA accountant and started to make his career in the stock market.
His starting days includes a lot of struggles.
He later on engaged in handling the portfolios of his own and then also become the partner in Rare Enterprise that is an asset management firm.
Making a Start in the Stock Market
When he makes the entry in the stock market, he started with Rs 5000 in 1985.
After that Rakesh Jhunjhunwala was able to borrow an amount of 2.5 lakhs from one of his brother’ clients that too with the promise to return back with higher returns with the comparison to the fixed deposits.
The first profit of Mr. Rakesh Jhunjhunwala was Rs 0.5 million in the year 1986.
At that time, he bought 5000 shares of Tata Tea at Rs 43 and after 3 months the same stock was trading at Rs 143.
By selling the Tata Tea shares, he ables to make 3 times profit from that one deal.
This was the significant start after the struggling phase.
And after that Mr. Rakesh Jhunjhunwala used to make good deals and good profits from it.
Then the turning point came in his life and the big investment by the Rakesh Jhunjhunwala.
This investment was on the Sesa Goa, at the initial he bought the shares at Rs 28 and then he increased his investment in the same shares at Rs 35 and after that the stock risen up to Rs 65.
Multi-baggers Stocks in Rakesh Jhunjhunwala’s Portfolio
During his career in the stock market, which is quite long in this period Mr. Rakesh Jhunjhunwala had already made the investment in many of the multi-bagger stocks.
In the year 2002-03, he had bought the shares of “Titan Company Limited” at an average buying price of Rs 3 and it is currently trading at 870.
He has been holding 7.5 Crore shares of Titan company.
Totally he has overall 8.45% of the holdings in the company.
Next in the year 2006, he had made the investment in the LUPIN and at that time his average buying price of the shares was Rs 150.
Today, the LUPIN is trading at Rs 662.
There are many more multi-bagger stocks in the Rakesh Jhunjhunwala porfolios has such as CRISIL, PRAJ IND, AUROBINDO Pharma, NCC and many more.
He is also the chairman of the Hungama Digital Media entertainment Private Ltd.
Rakesh Jhunjhunwala Story – Video
Stock Market Philosophy by Rakesh Jhunjhunwala
In an interview with the Economic times from that here are some quote:
“Short Term trading is for short-term gain while in long term trading is for the long term capital formation.
Trading means the capital you get from it for the investment perspective,
My trading also helps my investing in the sense I use a lot of technical analysis for trading at times.
If the shares is overpriced, I should sell buy my trading skills tell me that the stock can remain overvalued or get more overvalued.
Hence, further I hold on to my investments.
So, I think they complement each other in many ways but they are two distinct compartments totally.”
Here in the below some lines by “Mr. Rakesh Jhunjhunwala”
“Passionate investors always make money in stock markets. You will never fail in any work if you do it with passion.”
Rakesh Jhunjhunwala has a portfolio that comprise of 27 different stocks with the total value of 20,000 and more crores.
His understandings and knowledge in the stock market is just amazing and that was just a reflection in his track record of their investments.
Mostly, he used to be a long term investor but also plays in either ways like fundamental and technical ways.
Get inspired from such a great investor and secure your dreams and careers and complete the goals with the passion.
So, through the article on “Rakesh Jhunjhunwala Story” we had tried to make some glances on some major impacts of his success story and his struggles for same. If you like the blog then you can share this with your mates around and make them also inspired by such a great investor. Trading Fuel is our Blog site that gives education and knowledge about the stock market in the form of blogs with free of cost. So, that the learners will understand and learn from this and applied the same in the practical market. Till then, Read More and Learn More.