Friends, when this question comes in our mind that how do we become a millionaire,
then our attention goes towards the stock market, the purpose of investing here is to earn more
and more money. This is the market where many people earned lakhs and crores of rupees,
many also lost lakhs and crores. It is said that if you want to do something in an area,
then learn from the successful people of that area and make them an inspiration.
We had given you all the information related to the stock market in the previous post,
in this post, we will tell you about the major investor who made a lot of profit by investing
in the stock market and became a successful investor.
This successful investor is Rakesh Jhunjhunwala.
then our attention goes towards the stock market, the purpose of investing here is to earn more
and more money. This is the market where many people earned lakhs and crores of rupees,
many also lost lakhs and crores. It is said that if you want to do something in an area,
then learn from the successful people of that area and make them an inspiration.
We had given you all the information related to the stock market in the previous post,
in this post, we will tell you about the major investor who made a lot of profit by investing
in the stock market and became a successful investor.
This successful investor is Rakesh Jhunjhunwala.
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Rakesh Jhunjhunwala success story
/Who is Rakesh Jhunjhunwala
Rakesh Jhunjhunwala is known as Warren Buffett in the Indian stock market and is one of the
most successful investors. When Rakesh Jhunjhunwala stepped into the stock market,
he started his journey with Rs 5000, and today, his journey has reached more than 19000 crores
(according to the famous magazine Forbes). Born on 5 July 1960, Rakesh was born
in a middle-class family, he is a chartered accountant by profession. His father was
an income tax officer. As a child, he got information about the stock market from his father.
His father was interested in stocks and used to talk about the stock market with his friend.
Rakesh used to listen to them carefully. One day he asked his father about the fluctuations
in the prices of stocks, his father suggested he read the newspaper and told that by reading
the news of this newspaper, he knew about the fluctuations in stock prices. Will work.
They started getting attracted to the stock. Nevertheless, his father told him that before
doing anything in life, he should be professionally educated. He chose the path of
a chartered accountant. He completed his CA in January 1985. After this, he expressed
his desire to go to the stock market with his father, his father told him that he should not ask for
money from him and friends to invest in the stock market. Along with this, he also told them
that if they could not make money in the stock market, then they could make a living as CA.
Being a CA was a safety measure that inspired him to go into the
most successful investors. When Rakesh Jhunjhunwala stepped into the stock market,
he started his journey with Rs 5000, and today, his journey has reached more than 19000 crores
(according to the famous magazine Forbes). Born on 5 July 1960, Rakesh was born
in a middle-class family, he is a chartered accountant by profession. His father was
an income tax officer. As a child, he got information about the stock market from his father.
His father was interested in stocks and used to talk about the stock market with his friend.
Rakesh used to listen to them carefully. One day he asked his father about the fluctuations
in the prices of stocks, his father suggested he read the newspaper and told that by reading
the news of this newspaper, he knew about the fluctuations in stock prices. Will work.
They started getting attracted to the stock. Nevertheless, his father told him that before
doing anything in life, he should be professionally educated. He chose the path of
a chartered accountant. He completed his CA in January 1985. After this, he expressed
his desire to go to the stock market with his father, his father told him that he should not ask for
money from him and friends to invest in the stock market. Along with this, he also told them
that if they could not make money in the stock market, then they could make a living as CA.
Being a CA was a safety measure that inspired him to go into the
LARRY ELLISON STORY IN HINDI Personal life Business
journey to the stock market
Rakesh JhunjhunwalaRakesh Jhunjhunwala is one of the most successful equity investors in India today.
He started investing in the stock market in 1985 at Rs 5000. At that time, the BSE Sensex was at 150.
He knew that he would not be able to benefit from the stock market for so much money,
but soon he got Rs 2.5 lakh from his brother's client, he promised him that he would provide
him a higher rate of return than fixed deposits. He made his first major profit in 1986, when he
sold 5000 shares of Tata Tea, which were bought for Rs 43, for Rs 143, three months ago.
Between 1986 and 1989, he earned 20 to 25 lakh rupees. He realized that trading is the only
option for making big money from the stock market. He started trading in stocks. His next major
investment was lead from Goa. They bought 400,000 shares of lead Goa for 10 million rupees.
Out of these, he sold two to two and a half lakh shares for 60 to 65 rupees and another 1 lakh
shares for 150 to 175 rupees. When the price reached 2200, he sold the remaining shares.
He started investing in the stock market in 1985 at Rs 5000. At that time, the BSE Sensex was at 150.
He knew that he would not be able to benefit from the stock market for so much money,
but soon he got Rs 2.5 lakh from his brother's client, he promised him that he would provide
him a higher rate of return than fixed deposits. He made his first major profit in 1986, when he
sold 5000 shares of Tata Tea, which were bought for Rs 43, for Rs 143, three months ago.
Between 1986 and 1989, he earned 20 to 25 lakh rupees. He realized that trading is the only
option for making big money from the stock market. He started trading in stocks. His next major
investment was lead from Goa. They bought 400,000 shares of lead Goa for 10 million rupees.
Out of these, he sold two to two and a half lakh shares for 60 to 65 rupees and another 1 lakh
shares for 150 to 175 rupees. When the price reached 2200, he sold the remaining shares.
Jhunjhunwala bought 6 million shares of Titan at an average of Rs 3 in 2002-2003. Their price is
now running at Rs 817 and the value of their investment has reached more than $ 900 million
and their stake in the company is 8 percent. In 2006, he bought Lupine for Rs 150, which is now
being traded at the 1100 level. They bought Crisil shares at a level of Rs 200-300, which is now
worth 1800. He manages his portfolio as a partner in his wealth management firm
RARE ENTERPRISES, is a partner with his wife in his privately owned stock trading
firm RARE ENTERPRISES, and the name of the firm is his name and wife Rekha's name.
From the first two initial names,
now running at Rs 817 and the value of their investment has reached more than $ 900 million
and their stake in the company is 8 percent. In 2006, he bought Lupine for Rs 150, which is now
being traded at the 1100 level. They bought Crisil shares at a level of Rs 200-300, which is now
worth 1800. He manages his portfolio as a partner in his wealth management firm
RARE ENTERPRISES, is a partner with his wife in his privately owned stock trading
firm RARE ENTERPRISES, and the name of the firm is his name and wife Rekha's name.
From the first two initial names,
RAKESH JHUNJHUNWALA INVESTMENT PHILOSOPHY
up stocks that he feels are capable of long-term growth. He believes in long term investment and
relies on the readily available knowledge in the market. He says he looks at growth, valuation,
liquidity, and the company's cash flow. They have learned that learning from mistakes has made
them better investors. They say that they also pay the price for choosing the wrong companies.
Whenever they buy companies, they adopt them. If they don't deliver, they made a mistake in
choosing them. He strongly advocates the development of India and its growing economy.
Rakesh Jhunjhunwala believes in learning from mistakes. He often says- 'Mistakes are your
learning friends. Their idea is to keep these mistakes down.
relies on the readily available knowledge in the market. He says he looks at growth, valuation,
liquidity, and the company's cash flow. They have learned that learning from mistakes has made
them better investors. They say that they also pay the price for choosing the wrong companies.
Whenever they buy companies, they adopt them. If they don't deliver, they made a mistake in
choosing them. He strongly advocates the development of India and its growing economy.
Rakesh Jhunjhunwala believes in learning from mistakes. He often says- 'Mistakes are your
learning friends. Their idea is to keep these mistakes down.
Recently Forbes (2017) reported that it is India's 54th richest citizen with a net worth of US $ 3.2 billion.
Apart from being a successful stock market investor, he is also included in the board of directors
of many big companies and is also the producer of many Hindi films such as English Vinglish, Key,
and Ka, Shamitabh. Rakesh Jhunjhunwala's success is a source of inspiration for investors and
also encourages us.
Apart from being a successful stock market investor, he is also included in the board of directors
of many big companies and is also the producer of many Hindi films such as English Vinglish, Key,
and Ka, Shamitabh. Rakesh Jhunjhunwala's success is a source of inspiration for investors and
also encourages us.
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