Rakesh Jhunjjhunwala story

          Rakesh Jhunjhunwala King of Bull

                Rakesh Jhunjhunwala is an Indian investor and successful trader,  He is a Chartered Accountant by profession. He is the 48th richest person in India, with a net worth of $2.2 billion ( as on 5th July 2020).

                In the Indian stock market, one of the most popular personality is Rakesh Jhunjhunwala Sir, Every beginner who wants to do a career in the stock market inspired by Rakesh Sir's success. 

                If you want to get inspired by the story of Rakesh Jhunjhunwala then here you are. Let's read this article you will definitely get inspired and will do better in the market. 

         Personal detail of Rakesh Jhunjhunwala

Born                 -  3rd July 1960, Hyderabad, Andhra Pradesh.

Education          - Chartered Accountant

Occupation        - Owner of Rare Enterprises, Investors, Trader & Film producer.

Nationality        - Indian.

Spouse             - Rekha Jhunjhunwala

Children            - 3 ( Aryaman Jhunjhunwala, Nishtha Jhunjhunwala, Aryavir                                     Jhunjhunwala)

                   

            Early Life

                Rakesh Jhunjhunwala grew up in Mumbai, Maharashtra, where his father worked as an Income Tax officer. He studied Chartered Accounting. He graduated from Sydenham College and thereafter enrolled in the Institute of Chartered Accountants of India. 

     How Rakesh Jhunjhunwala entered in Stock market?

                 Rakesh Jhunjhunwala's father was discussing the stock market with his friend whenever they were meeting in their house they were talking about the share market.

                  At that time Rakesh was 11 years old and he is listening to their gossip and he got interested in the stock market, He asked his father about the stock market, his father understood the keen interest of his son and he explains to him about the market. Rakesh said to his father that he wants to enter the market. His father agreed on the condition that Rakesh should first complete his education and then only he can enter the market. 

                After his father's advice, Rakesh Jhunjhunwala completed his graduation and he became CA. 

                When he finished his education he asked his father he was going to do his career in the stock market but his father refused to give money and forbade him to ask friends for money. But Rakesh was a risk-taker right from the start. He borrowed money from his brother's clients and promised to return the capital with higher returns. He invested that money in the stock market.

                He earned his first big profit in 1986 when he bought 5000 shares of Tata Tea at Rs 43 and the stock rose to 143 rs within 3 months. After that, he earned billions of money from the stock market. 

                Today he is the most popular and respected investor in India and known as Warren Buffett of India. 

                But he likes to call himself as Rakesh Jhunjhunwala of India. It sounds pretty you know he is proud to be an Indian. He has his own Asset management company Rare Enterprises. 

        His total net worth is $2.2 Billion ( as on 5th July 2020).
     

                     Career

          Rakesh Jhunjhunwala is the chairman of Aptech Limited and Hungama Digital Media Entertainment Pvt. Ltd. and sits on the board of directors of Prime Focus Limited, Geojit Financial Services, Bilcare Limited, Praj Industries Limited, Provogue India Limited, Concord Biotech Limited, Innovasynth Technology Limited, Mid Day Multimedia Limited, Nagarjun Construction Company Limited, Viceroy Hotels Limited, and Tops Security Limited. 

                Rakesh Jhunjhunwala's journey in the stock market

        Rakesh Jhunjhunwala starts his investment using only 5,000 Rs in 1985.

         He made his profit in the company Tat tea. He bought 5,000 shares at the price of 43 Rs. and sold them at 143 Rs, per share.

        Later he invested in Ses Goa at price Rs 28 which increased at 65 Rs.

        In the year 1986 Mr, Jhujhunwala invested in Tata Power.  He also invested in Praj IndustryLtd,  Titan, Lupin CRISIL, NCC, Federal Bank, Spicejet Ltd, Prakash Industries, Radico Khaitan Ltd, Aurobindo Pharma Ltd, Zen technology Ltd, DCB Bank Ltd, Chemfab Alkalies Ltd, Delta Corp Ltd.

            Apart from this, He is also a producer. He is a producer of English Vinglish movie, Shamitabh, Ki & Ka. He is the chairperson of Hangama Digital media entertainment Pvt. Ltd. 

        Rules of Rakesh Jhunjhunwala about the stock market.

            Rakesh Jhunjhunwala believes that long term investment for long term capital formation. He is not a short term investor he gives time to grow his money. He has good knowledge and experience of the stock market, He is a good trader and investor also.

            His investment philosophy is to Buy right and hold tight. He has simple rules of investment are knowledge, patience, and courage. 

            Having patience in the stock market is very important, We should not panic about uptrend and downtrend of the market, We should have patience while dealing with the stock market.

            He uses Technical analysis, for short term trading and Fundamental analysis for long term investments.

                        Rare enterprises 

        Rare Enterprises is located in the Bussiness center in Mumbai, Maharashtra.

Office No. 151 to 155, Nariman Bhavan Nariman Piont, Mumbai 400021 India.

It is the asset management firm owned by Rakesh Jhunjhunwala. This name is derived from the first two letters of his name and his wife name Mrs. Rekha Jhunjhunwala.

        Conclusion 

  

    Passionate investors always make money in stock markets, You will never fail in any works if you do it with passion. 

           This line is quoted by Mr. Rakesh Jhunjhunwala. His story might have inspired you for your success in the k market.

        I wish you will also be successful in the market only thing is you have to do hard work with smart study.

         Stay toon, Bye Bye.