Rakesh Jhunjhunwala Successful Investor Story.

Rakesh Jhunjhunwala Story: How he became a successful billionaire with an Investment of Rs 5000

Rakesh Jhunjhunwala the big bull in the Indian stock market started the Indian stock market by just investing Rs5000 and now according to Forbes his net worth will be 5.9 billion, which will be approximately 590 crores in Indian rupees.

So, let’s known about Indian big bull or Indian warren buffet.

Success Story of Rakesh Jhunjhunwala

The story began on 5 July 1960 were Rakesh Jhunjhunwala was born in a Marwari family, Rakesh family is not Rich Like Ambani, Tata, or Birla But his father(Radheshyamji Jhunjhunwala) was an income tax commissioner and his father had an interest in the stock market and communicating with his friends about the ups and downs of companies and this all communication we're listening to his small children Rakesh.

Childhood

One day Rakesh asked to his father about the reasons for ups and downs in the stock market and his father suggested him to read the newspaper about the fluctuation of stock by their news.

9-year-old Rakesh was influenced by this suggestion and took a decision that he will make his career in the stock market but at that time his father had suggested him that before he will go into the field of stock market, he should at least complete her education because if Rakesh was not succeeded in the field of stock market, then also he has a degree which helps him in future.

 Rakesh Jhunjhunwala graduated from Sydenham College in 1985 as a charted accountant.

After completion of his studies, he again discussed his career goal with his father, and his father was permitted her to choose and career, but he also tells her that he will not give him any money, nor he can not ask for money from his father friends.

Rakesh Jhunjhunwala Stock Market Journey began

Rakesh Jhunjhunwala Entered in stock market with a capital of Rs 5000 in 1985. At that time BSE Sensex was around 150 points (currently Sensex is around 60000 points)

Now Rakesh talks to his brother (Rajesh) who is also a charted accountant & Rakesh has taken 2.5 lakhs & 5 Lakhs from her brother's clients by promising to give a higher return.

 Rakesh Jhunjhunwala was bought a Tata Tea share at a rate of 43 and after 3 months the price of Tata tea share was around 143 and Rakesh Jhunjhunwala get 3X profit at the time of 1986.

In the next few years, Rakesh Jhunjhunwala has made some good profit between the age of 1986 to 1989 and faced some ups and downs in the stock market.

Why Rakesh Jhunjhunwala calls Indian warren buffet?

The reason behind calling Rakesh an Indian warren buffet is because of his excellent research and knowledge about Stock Market.

Rakesh Jhunjhunwala Next big Investment in 1986 in Iron ore company.

Rakesh Jhunjhunwala has made a big investment in Sesa Goa stock Which is currently known as Vedanta Limited. He had bought that 4 lakhs shares at a price of 25 to 26 rupees and At that time the company is at loss because of Iron ore industry price is low in India (The Reason behind buying Sesa goa stock at that time when many investors were taking money from the stock, Rakesh known the Fundamental of the company is strong and India is one of the leading importers of Iron and steel and demand of iron and ore industry will be increased.) He gets 20 to 25% of return from seas goa stock in next year.

The second time when Rakesh Jhunjhunwala has taken a big risk and made a good Profit.  

The second biggest Risk taken by Rakesh Jhunjhunwala which gives him good profit in the 1989 National Budget Announcement, on that time the Indian stock market was bearish because people were thinking about the national budget will public-friendly not business-friendly. V.P Singh who is the prime minister at that time.

When many people think about the budget will be public-friendly and taking out money from the stock market Rakesh Jhunjhunwala has put his entire capital on market in different stocks because he knows that V.P Singh is a business background people and earlies he is the minister of commerce.

So as always, her analysis was excellent and his net worth increases up to 20 Percent.

Multi- baggers stocks in Rakesh Jhunjhunwala’s Portfolio

Rakesh Jhunjhunwala runs a privately-owned stock trading firm called RARE Enterprises. During his career, he has invested in Many multi-bagger stocks.

 From 2002 to 2003 Rakesh Jhunjhunwala bought “Titan Company Limited” share which is something around 3 to 5 Rupees and Now the share price is around 2400 Rupees. He has holding a Titan share of over 4.2 crores and his overall holding of 4.8 % of Titan company shares.

A few multi-bagger stocks in Rakesh Jhunjhunwala Portfolio are Lupin, CRISIL, Aurobindo Pharma, Praj Industries, NCC, Aptech Limited, Ion Exchange, MCX, Fortis Healthcare, VIP Industries, Geojit Financial Services, Rallis India, Jubilant Life Sciences, etc.