Theequicom : What is the lifestyle of Rakesh Jhunjhunwala?by the equicom TheEquicom.com
Theequicom : Rakesh Jhunjhunwala Biography
Rakesh Jhunjhunwala is the King of Indian stock market. Rakesh Jhunjhunwala is a better investor business person. Believe "Rakesh Jhunjhunwala" as the investor guru of the Indian stock market. Rakesh Jhunjhunwala started investing in the stock market only in ₹5000 in 1985 and today they have reached the same Rs 5,000 for Rs 8000 crores.
Birth of Rakesh Jhunjhunwala
'Rakesh Jhunjhunwala' was born on July 5, 1960 in Mumbai. Whenwas 15 or 16, his father's interest or interest was in the works of the stock market. Seeing his father, Rakesh also began to be interested in the stock market. One day Rakesh asked his father how the stock market is up-down in the stock market.
Rakesh Jhunjhunwala got first lesson in the share market
Rakesh's father explained Rakesh very well and said that the company's share of the news by studying the newspaper will be up and down. On that day Rakesh got the first lesson about the Share Market. After that, Rakesh's interest began to grow in the stock market at the same age and he started reading about different companies and getting information.
Reading of Rakesh Jhunjhunwala
If Rakesh Jhunjhunwala is concerned about his studies, he completed his graduation degree with Sydenham College. After that, Rakesh expressed his desire to go to the share market with his father, then Rakesh's father did what you have to do, but get education of first professional. After that Rakesh Jhunjhunwala completed the Chartered Accountant (CA) course.
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The lack of money for first investment
After Rakesh completed his CA studies, he told his father that I had to go to the stock market. So Rakesh's father refused to give clean money and where I will not give you money for the share market. His father also said that you will not take money from your friends for the stock market.
Similarly, Rakesh stuck his insistence and made his move in the stock market in 1985, when the BSE Sensex was at 150 points. Rakesh Jhunjhunwala had come to the share market, but did not have the money to invest in the share market. He deposited his savings from as much as possible, invested his first investment in the Share Market for about Rs 5000.
Right time Right Decision - The right decision at the right time.
Rakesh had earned his first profits in 1986 on the basis of his dedication and hard work. He bought 5,000 shares of Tata Tea Company for Rs 43 per share and after 3 months it was sold at Rs 143 per share. Due to which Rakesh had made a profit of Rs. 5 lakhs. After that, between 1986 and 1989, Rakesh had made a profit of 20-25 lakh rupees. After that Rakesh bought Titan Company's six million shares in 2002-2003 for three rupees per share, and later the shares were valued at Rs 390 per share. Because of which his investment went beyond 2100 crore.
Rakesh Jhunjhunwala says that you can learn from mistakes, unless you follow your mistakes and learn something from them, you can not move forward. Rakesh ji also believes that investors should always be like chameleons and trusting themselves by investing in investors is very important.
The success of Rakesh jhunjhunwala
Rakesh Jhunjhunwala has achieved that position on the strength of his hard work and ability, today he does not need any reverse chairs. He is considered as King of the stock market. Today, they are Aptech Limited and Hungama Digital Media Entertainment Pvt Ltd. Is the chairman. However, there have been a lot of losses in the stock market many times. But Rakesh Jhunjhunwala learned a lot from those mistakes and continued forward
Created on Apr 23rd 2019 04:39. Viewed 60 times.
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