Rakesh Jhunjhunwala is called the King of Indian Stock Market (Stock Market). They are a better investor, businessman, and person. They consider them as the investor guru of the Indian stock market.
He started investing in the stock market with the capital of only Rs. 5000 in Rupees 1985 and today he has reached Rs. 8000 crore for the same Rs. 5000.
Beginning: Rakesh Jhunjhunwala was born on July 5, 1960, in Mumbai, when Rakesh was 15-16 years old. Rakesh started to wake up interested in Rakesh's mind even after seeing him, and one day Rakesh asked his father how the stock was above the price in the stock market. Rakesh's father said, "Reading the newspaper, the news about which company has come, the stock of that company will fall below." On that day Rakesh got his first education about the stock market.
From the same age, Rakesh's interest also started to grow in the Stock Investments. They started reading about different companies and started getting information.
He completed his Bachelor's degree from Seedhamham College. Rakesh expressed his desire to go to the stock market, then his father said that whatever you have to do, do that but get a professional first. So he studied Chartered Accountant (CA).
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First Investment: When Rakesh took his C.A. When he completed his studies he told his father that I had to go to the stock market. Dad said that I will not give money to him and you will not take money from my friends too.
Thus, Rakesh came to the stock exchange in 1985 when the BSE Sensex was at 150 points. They came to the Share Market, but they did not have the money to invest. Then they deposited their savings with as much as possible, first investment (first investment) of about Rs. 5000.
First Big Profit: Rakesh earned his first major profit in 1986 on the basis of his dedicability and hard work. He bought 5000 shares of Tata Tea Company, which is 43 rupees per share, and sold it after three months only at the rate of Rs 143 per share. Due to which Rakesh made a profit of Rs. 5 lakhs. Then, between 1986 and 1989, Rakesh earned a profit of 20-25 lakh rupees.
In 2002-03, Rakesh bought 6 crore shares of Titan Company at a price of Rs 3 per share and later the shares were worth Rs. 390 per share. Because of which his investment went beyond 2100 crore.
Success Mantra: Rakesh Ji says that you can learn from mistakes only, till you accept your mistakes and you will not learn anything from them, till then you will not go forward. Rakesh Ji believes that the investor should be like a chameleon. It is very important to trust yourself while investing in investors. According to Rakesh - At the time of accelerating the stock market, there is a loss of time when everyone benefits and slowdown. Therefore, it does not matter whether I am on the list of rich or not. My simple and easy spell is - "Buy Right and Hold Tight" means to buy the right stock and keep it hold.
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