India’s Warren Buffet: Rakesh Jhunjhunwala |Profitaim|

India’s Warren Buffet: Rakesh Jhunjhunwala |Profitaim|

Overview

Rakesh Jhunjhunwala, a legend investor who is now introduced by “Warren Buffet of India”. In his childhood he ask his father to get into stock markets, but his father avert him to complete his qualification then get into your fascination for stock market. He respects his father’s wish and qualified as professional CA in 1985.

jhunjhunwala
Jhunjhunwala: profitaim

Steps from CA profession to Stock market

After getting the certificate of professional CA he again asks his father for getting into stock market. His father advice him never trade with money borrowed from your friend. He agreed to his father’s advice and start his career in stock market in the year 1985 when BSE Sensex was at 150.

History of Profit

He made his first huge benefit of Rs 0.5 million in 1986 when he sold 5,000 shares of Tata Tea at a cost of Rs 143 which he had acquired for Rs. 43 a share only 3 months earlier. In the vicinity of 1986 and 1989 he earned Rs 20–2.5 million. His first major fruitful wager was press mining organization Sesa Goa(now Sesa Sterlite). He purchased 400,000 shares of Sesa Goa in forward exchanging, worth Rs 10 million and sold around 2-250,000 shares at Rs 60–65 and another 100,000 at Rs 150–175. The value rose to Rs 2200 and he sold a few shares.
Jhunjhunwala purchased 6 crore shares of Titan in 2002-03 at an average cost of around Rs. 3. The stock is right now exchanging at 390 Rs level and his speculation esteem is currently 2100 crore, which made around 35 lakh for every hour for him. In 2006 he purchased Lupin around 150 Rs which is presently exchanging at 1100 levels. He purchased Crisil around 200-300 levels which is currently at 1800.

Converts Rs.5o00 to 8000 crores

As days passed away his experience in stock market has increased and his profit earning capacity also increasing from Rs.5000 to 8000 crores.

If you want to create your own history, then click here..

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