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| Rakesh Jhnunjhunwala Indian billionaire investor | Sultan of Indian Share market | King of Dalal Street | Big Bull of Dalal street | Warren Buffet of India |
Name : Rakesh JhnunJhunwala
Rakesh JhnunJhunwala Often referred as Sultan of Indian Share market, King of Dalal Street, Big Bull of Dalal street, Warren Buffet of India etc.,
Who is Rakesh Jhunjhunwala :
Jhunjhunwala is an Indian billionaire investor, Charted accountant, He was born in the year 1960 at Hyderabad. Later studied at Sydenham college, Later completed Charted accountants (ICAI). According to the report he is the 48th Richest man in India with $1.8 billion net worth as on 2019.
Jhunjhunwala when he was a small boy he often part of his father discussion with friends on share market. He got inspired a lot from those conversation when he was young . The King of Dalal Street soon got motivated and asked his father about his passion. Jhunjhunwala father advised him to complete his college studies .
how did Jhunjhunwala become a billionaire ?
He is a risk taker from the beginning and that paid off on his investments. Initially Jhunjhunwala invested in TATA TEA be bought 5000 shares for Rupees 43 rupees and stock rose 143 within a span of three months it was a threefold success for Jhunjhunwala. Within few years with his strong knowledge on share market and risk taking attitude Jhunjhunwala earned 20-25 Lakh
Rakesh Jhunjhunwala Investment Philosophy:
He is very well known for his long term investment in companies
1) “One should always rely upon the knowledge readily available in the market to become a successful investor,”
2) "One has to make mistakes and learn from them"
3) “If you do not believe the
markets are supreme, you will never admit that it was your mistake. If you
don’t admit that it is your mistake, you will never learn. To succeed in the
stock market, one not just needs the ability to learn from mistakes, but also
to blame only oneself for it,” he says.
4) “I don’t blame promoters of companies. I blame myself. The promoter is what
he is. I have to recognise it if he is not what I expect him to be,” he
remarks.
Rakesh Jhunjhunwala Companies in which Rakesh Jhunjhunwala invested :
The Mandhana retail venture
Rallis India
Escorts
Geojit Financial Services
Bilcare
Autoline Industries
Ion Exchange (India)
Multi Commodity exchange of India
CRISIL
VIP Industries
Auto line industries
Sterling Holiday Financial services
Agro tech Foods
Etc., These are some of the companies in which Rakesh Jhunjhunwala invested
Rakesh Jhunjhunwala Titan Investment:
Rakesh Jhunjhunwala and Wife sell 1 Crore Titan Shares in March : Jhunjhunwala held 6.69 per cent share in the company. They together sold 1.03 crore worth of shares during last December
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