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Success Story of Rakesh Jhunjhunwala ( The Big Bull of India)

 

Rakesh Jhunjhunwala


' BUY RIGHT AND HOLD TIGHT'                                                   -RAKESH JHUNJHUNWALA

Introduction:

Rakesh Jhunjhunwala king of Indian stock market is also known as ' Warren Buffett of India' He is well known for his risky investments. Many investors following him for their investment plans. He is the 38th richest person in India with Net worth of $3.3 Billion ( As on 21 January,2021). 

Also, he is the owner of an assets management company name ' Rare Enterprises' which is named by merging the starting two letters of his and her wife name i.e. Rakesh Jhunjhunwala and Rekha Jhunjhunwala. In this article we have covered all about his journey from his childhood, education, mistakes and suggestions to investors. 

🖥 Table of Contents:

1) Childhood:

2) Education:

3) Career:

4) RJ Investment Tips:

5) RJ Portfolio 2021:

6) Bollywood:

7) Controversy:

8) RJ view on Budget 2021:

1) Childhood:

He was born on 5th July, 1960 in Mumbai in a Marwadi family. His father was working in Income tax department, Mumbai. Also, he was trading in stock market. In his childhood Rakesh Jhunjhunwala was very queries about how the share price of different companies fluctuates everyday. When he asked his father about these fluctuations his father advised him to read newspapers and collect information about the company. In this way he started to following the market. As his interest was growing continuously about market he asked his father to make his career in stock market. On this his father advised him that stock market is not easy as it looks. People's lose their entire wealth in stock market. And if you want to make your career in stock market you should have that much knowledge. So, first you complete your studies. 

2) Education:

He completed his graduation from Sydenham college of commerce and economics, Bombay. Then after he enrolled in chartered Accountant of India. After completing his studies he started his journey in stock market. 

3) Career:

 Rakesh Jhunjhunwala starts his stock market journey with Rs 5000 at that time sensex is at 150 points. In earlier few years he is struggling with his investments but he never give up. He maked his first big profit in 1986 by buying Tata Tea's 5000 shares at 43/ share and sold it at 143/ share. In this investment he made 5 lakhs. After that between the period of 1986-1989 he made profit of 25 lakhs. 

   In an interview he accepted that during  the Harshad Mehta's time he made huge profit. But, the turning point came in his journey in the year 2002 when he bought 6 crore shares of Titan company at Rs 3/ share  and after few months later sold it at Rs 390/ share. In this deal he made grand profit of Rs 2100 crores

It is not real that he always made profit he also suffered from huge losses. In the year 2011 his holdings were fell down with 30%. But he recovered his all losses in next year. At the time of demonetization he suffered from huge loss. Rakesh Jhunjhunwala was very popular for his risk capability. In the year 2019, he bought 1.3 crore shares of Yes Bank at Average price of Rs 67.10/ share. Currently its price is between 15- 18 Rs. In September he bought 4 crore shares of Tata Motors. He believes that Tata Motors is one of the potential player in the evolution of electric vehicles. 

4) Rakesh Jhunjhunwala Investment Tips:

  • Don't make investment in the influence of emotion. Emotional investment is a sure way to make losses. 
  • The market always gives an opportunity to buy before rising. It just like whether, you may not like it, but you have to bear it. 
  • Give time to your investment to grow. 
  • Never put your money in any stock without proper research and analysis. 
  • Invest in a business, not a company. 
  • Always be ready for losses, as losses are the part of stock market investors life. 
  • If you find an opportunity, grab it today. 


5) Rakesh Jhunjhunwala Portfolio 2021:


CompanyCurrent Price ( Rs) Sectorshare holding ( % ) Share holding ( Rs )
Aptech219.75Computer23.84212.5
The Mandhana Retail Ventures12.1Retail12.743.4
NCC77.55Construction1.990
Rallis India274.05Pestic idea and chemical9.93529.1
Bilcare55.8Packaging8.4811.1
Geojit Financial Services53Finance7.5795.6
Escort Ltd. 1384.15Auto Mobile4.75885.9
Delta Corp156.5Construction7.5313
Titan1525.15Misc5.327194.3
CRISIL1923.7Misc5.47764.7
VIP Industries361.65Plastics5.31271.3
Jubilant Pharmova1025.6Health care5.82950.8
Indian bulls Real estate 81.85Real estate1.140.9
Federal Bank81.6Banking2.4385.8
Tv 18 broadcast28.9Media and Entertainment2.51124.4
First source solution93.3Computer1.2984
Prakash Pipes117.5Misc. 1.533.7
Lupin1038.85Pharma1.6752.7
GMR Infrastructure26.3Telecom1.41223.6
Tata communications996.7Telcom1.12319


6) Bollywood:

You all may be get shocked even I also get shocked when I hear that Rakesh Jhunjhunwala is a producer of Bollywood films. He has produced some popular films like Ki and Ka, English Vinglish, Shamitabh etc. He is well connected with Bollywood also. In the current web series Scam 1992 his role was played  by Kavin Dave. In the web series acting of Kavin Dave is good. But, the director should give more attention to the character of Rakesh Jhunjhunwala. 

Reel and Real character of Rakesh Jhunjhunwala
Reel and Real character of Rakesh Jhunjhunwala
Source: Google|Created by Marketingmind.in


   Source: Youtube|Created by Investment Mind

7) Controversy:

There is one ongoing investigation against him for insider trading concerning the shares of education company Aptech Ltd. He is the chairman of Aptech Ltd.


8) RJ View on Budget 2021:

RJ was very impressed with the Budget 2021. He told that this is one of the best budget according to current scenario. This budget helps to recover the countries economy from the crises due to this pendamic. He also has given some hints about the sectors which may like to boom in near future these are Automobile sector, Health and Insurance sector, FMCG sector, IT Industries etc. His vision that in 2030 Nifty will be touch to 1,00,000 points. The statement of  big bull of market shows his bullish sentiment towards the market.

 Now, his statement is supported by two market gurus. Morgan Stanley have predicted that Sensex can touch 61,000 points in next 6 months. Motilal Oswal's Raamdeo Agarwal has predicted that Sensex can touch 2,00,000 points in next 10 years i.e. till end of 2030. These big players have expressed that how much they are bullish towards the market. 

You Can Also Read, 

Sensex can touch 2,00,000 in next 10 years                -  Motilal Oswal's Raamdeo Agarwal

Sensex will go to 61,000 in 6 months                            - Morgan Stanley

Here, I covered complete journey of Rakesh Jhunjhunwala sir. He is such a lucky person. As we see that share price of Titan company is increased abnormally from 3 to 390 Rs in few months. Rakesh Jhunjhunwala said that anyone can make huge profit in stock market who is passionate about the market. Who follows the market. 

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