Rakesh Jhunjhunwala is called the King of Indian Stock Market (Stock Market). He is a better investor, businessman and person. He believes in the Indian stock market as an investor guru.
He started investing in the stock market with the capital of only Rs. 5000 and today he has reached the same Rs. 5000 rupees to 8000 crore rupees.
Rakesh Jhunjhunwala was born in Mumbai on July 5, 1960. When Rakesh was 15-16 years old. His father had a much interest in the stock market, and after seeing him rakesh also get interest in the stock market, then one day Rakesh asked his father how the price up-down in the stock market. Rakesh’s father said, “By reading the newspaper, the company about which has come in the news, the shares of that company share price will be up-down .” On that day Rakesh got the first lesson about the stock market.
From the same age, Rakesh’s interest started to grow in the stock market. They started reading about different companies and started getting information.
He completed his undergraduate degree from Sidniham College. When Rakesh expressed his desire to go to the stock market, his father said that he should do whatever you have to do but get professional education first. So he studied Chartered Accountant (CA).
First Investment: There was no money for investment
When Rakesh completed his CA studies, he told his father that I had to go to the stock market. Dad said that I will not give money for that and you do not even take money from your friends.
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. So they deposited their savings with as much as possible and the first investment was about Rs. 5000.
Hi First Big Profit
Rakesh earned his first major profits on his capability and hard work in 1986. He bought 5000 shares of Tata Tea Company, which is 43 rupees per share, and sold it after 3 months at the rate of Rs 143 per share. Due to which Rakesh earned a profit of Rs. 5 lakhs, followed by Rakesh from Rs. 20 to 25 lakhs between 1986 and 1989.
In 2002-03, Rakesh bought 60 million shares of Titan Company at the rate of Rs 3 per share and later the shares were worth 390 rupees per share. Because of which his investment went beyond 2100 crore.
Also Read: – ICICI Bank MD Mrs. Chanda Kochhar Success Story
Success Mantra: Experience
Rakesh ji says that you can learn only from mistakes, unless you obey your mistakes and you will not learn anything from them, by then you will not go forward. Rakesh ji believes that investors should be like chameleon. It is very important to trust yourself while investing in investments.
According to Rakesh – At the time of accelerating the stock market, all are in profit and all are in loss during the recession, so it does not matter whether I am in the list of rich or not. My simple and easy spell is – “ Buy Right and Hold Tight”means buy the right stock and keep it hold.
Success of Rakesh ji : –
Rakesh Jhunjhunwala ji has achieved that position on the strength of his hard work and ability that he does not need any introduction today. He is considered as the King of the stock market. Today he is the Chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt Ltd.
Although he has suffered a lot of losses in the stock market many times, but he learned from those mistakes and went on to move forward.