RAKESH JHUNJHUNWALA: THE BIG BULL OF THE STOCK MARKET

Passionate investors always make money in stock markets. You will never fail in any work if you do it with passion.” – Rakesh Jhunjhunwala Rakesh Jhunjhunwala, popularly known as the ‘Warren Buffett of India’ or “Big Bull’ was born on 5th July 1960 in a Marwari family in Mumbai. Jhunjhunwala was raised with two siblings. His father, who was in the Income Tax Department, is considered one of the major contributors to young Rakesh’s interest in the financial world. On the lighter side, exceptionally few people know this but Jhunjhunwala was additionally a persuasive identity in Bollywood. He had created several Bollywood movies as well, striking among them are English Vinglish. He was additionally media adroit and could be seen routinely on major business channels. ENTERING THE STOCK MARKET Young Rakesh had in his heart the burning curiosity to understand money and how it flows within the economy. With just INR 5,000 to invest, Jhunjhunwala entered the stock market, when back in 1985, the Bombay Stock Exchange used to stand at just INR 150. DAYS OF DOMINATION Jhunjhunwala’s days of domination began a year after he entered the market. In 1986, he made his first big profit of half a million rupees, which he used to buy 5000 shares of Tata Tea. These shares, which were trading at INR 43 when Jhunjhunwala bought them, shot up to INR 143 within mere three months of their purchase. This gave him a massive profit margin. In the next few years, Jhunjhunwala made ample profits from stocks. Between 1986-89, he made two to three million. His next big investment was Sesa Goa, which was bought at Rs 28, and later, shot up to INR 65 in some time.

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