Rakesh Jhunjhunwala is also known as the “Warren Buffett” of India. Earning money from the stock market seems very difficult, but Rakesh Jhunjhunwala in India is a person who has become the owner of 15,000 crores today by investing only Rs 1,200.
The stock market, which made Rakesh Jhunjhunwala a billionaire:
Rakesh Jhunjhunwala Rakesh Jhunjhunwala is considered the king of the stock market because his name is at the top position in the stock market. The main reason for Rakesh Jhunjhunwala becoming a wealthy Billionaire is the stock market. He invests his blood and sweat money in this and earns profit by taking risks.
The more profit in this area, the more loss, it has been rightly said that this area makes the king a rook and a rook to a king. Rakesh Jhunjhunwala is one of those rich who is included in the top ten list of the richest person in the world. Let us know their starting from Rs 1200 to 15000 crores. Rakesh Jhunjhunwala was born on July 5, 1960, in Mumbai. His father was an income tax officer and he had a lot of interest in the stock market. That’s why he always used to discuss about the stock with his friends. Rakesh was young at that time and used to listen to all the things of his father. One day he asked his father, how the price keeps going up and down in the stock market. Then his father said that he should read the news from which he would get knowledge, this was the first ladder of Rakesh’s share market.
Rakesh told his father that he also wants to join the stock market, the father supported him and said that he should do whatever he wants, but first get his professional education. He graduated from Sydenham College, then he joined the Institute of Chartered Accountants of India and completed his CA in 1985. After completing his CA studies, Rakesh told his father that he had to invest in the stock market.
The Stock Market that made Rakesh Jhunjhunwala a Billionaire:
Then his father said I will not give him any money for the stock market, nor do you have to borrow from your friends, you earn yourself and do business with your money. Rakesh had decided in his mind that he has to go to the stock market. Rakesh’s first investment in the stock market. He started his career in the stock market in the year 1985, he did not have any capital to invest and his father refused to give him money, so he made his first investment with his pocket money of Rs 5000. When Rakesh invested in the stock market in 1985, the Sensex was 150. Rakesh earned his first profit in 1986 with his determination and hard work. He bought 5000 shares of Tata company at Rs 43 per share and after just 3 months he sold it at Rs 143 per share. Out of the money received, Tata bought back the shares of the company with some rupees and continued to increase profits. This made him a lot of profit and he had enough capital to survive in the stock market.
On the strength of hard work, profits increased in the stock market
He made a profit of 20 to 2.5 million between 1986 and 1989, which was a huge capital at that time. Their biggest profit was from the shares of Iron Mining Company, “Sesa Goa”. He bought four lakh shares of Sesa Goa in forward trading and sold 2.5 lakh of them at the rate of Rs 60-65 per share. Which made them very profitable. And kept selling the remaining shares at a profit.
Rakesh Jhunjhunwala invested in Titan Company in 2002-2003. He bought 6 crore shares of Titan at the rate of Rs.3 per share and later when the price per share went up to Rs.390 after a few years, he sold them, which made him There was a profit of crores, then he kept buying and selling per share in Titan Company, due to which his investment reached 21 crores. Today the value of Titan Company’s share has become Rs 623.
Lesson from your every mistake:
During an interview, Rakesh Jhunjhunwala said that one thing that separates me from everyone is the courage in me, even if I have thousands of rupees in my bank, but if I find a deal worth crores, then I definitely do it.
“I am not afraid of the shocks in the stock market, if I ever face a loss, then after stopping for 10 minutes, I go ahead, because stopping is not my job.”
Rakesh Jhunjhunwala billionaire in the stock market Rakesh ji says that he takes a lesson from his every mistake and every mistake teaches me something. I feel It is very important for investors to always believe in themselves while investing because they do their investments at their own risk.
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