9/4/2016

RakeshJhunjhunwalaSuccessStoryfrom5kto1.8$Billion

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Home/News/RakeshJhunjhunwalaSuccessStoryfrom5kto1.8$Billion

RakeshJhunjhunwalaSuccessStoryfrom5k
to1.8$Billion
InvestorJi | October29,2014 | News | 4Comments
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Rakesh Jhunjhunwala, the name that needs no introduction. The legendary

investor who is known as the Warren Buffet of India. Lets check out the

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successstoryofRakeshJhunjhunwalaandhisjourneyfrom5000Rsto8000
Crore.

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RakeshJhunjhunwalawasbornon5thJuly1960.HefatherwasanIncome
taxofficer.Hisfatherwasinterestedinstocksandusedtodiscussaboutthe
stockmarketwithhisfriends.Rakeshasachildwouldlistedtothem.Oncehe
asked his father why the price fluctuate. He told him to check the news, it
makes the price to fluctuates. This was his first lesson of stocks market. He
gotfascinatedbystocksandfounditinteresting.Heexpressedhiswishtoget
into stock market to his father. He told him to do whatever he wanted in life
but at least get professionally qualified. Rakesh then took up chartered
accountancyandcompletedhisCAin1985.
After completing the CA he told his father that he wanted to go in the stock

RakeshJhunjhunwalaSuccessStory
from5kto1.8$Billion
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market. His father reacted by telling not to ask him or any of his friends for
money.Earnandtradewithyourmoney.Hestartedhiscareerin1985when
the BSE Sensex was at 150. He made his first big profit of Rs 0.5 million in
1986 when he sold 5,000 shares of Tata Tea at a price of Rs 143 which he
had purchased for Rs 43 a share just 3 months prior. . Between 1986 and
1989 he earned Rs 202.5 million. His first major successful bet was iron
miningcompanySesaGoa(nowSesaSterlite).Hebought400,000sharesof
Sesa Goa in forward trading, worth Rs 10 million and sold about 2250,000

http://investorji.in/rakeshjhunjhunwalasuccessstory.html

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9/4/2016

RakeshJhunjhunwalaSuccessStoryfrom5kto1.8$Billion

shares at Rs 6065 and another 100,000 at Rs 150175. The price rose to

Rs2200andhesoldsomeshares.
Jhunjhunwalabought6croresharesofTitanin200203atanaverageprice
of around Rs 3. The stock is currently trading at 390 Rs level and his
investmentvalueisnow2100crore,whichmadearound35lakhperhourfor
him. In 2006 he bought lupin around 150 Rs which is now trading at 1100
levels.Heboughtcrisilaround200300levelswhichisnowat1800.Likewise
therearesomanystocksinhisportfoliothatmadehugemoneyforhim.
Hisphilosophy
RakeshJhunjhunwalabelievesinpowerofmistakes.Hesaysitsthemistakes
thatmadehimtolearnandbecomeabetterinvestor.hesays.Ifyoudont
believe the markets are supreme, you will never admit that it was your
mistake. If you dont admit that it is your mistake, you will never learn. To
succeed in the stock market, not only is the ability to learn from ones
mistakesvital,hesays,butalsotoblameonlyoneselfforit.Idontblamethe
promotersofcompanies.Iblamemyself.Thepromoteriswhatheis.Ihave
torecognisethat.HeisnotwhatIexpecthimtobe.Jhunjhunwalasayswhat
he has learnt in life is to try and earn money in trading and to invest it in
stocks.
HisbelieveonIndia
Jhunjhunwala says he is bullish on the country growth since he entered the
stock market. He insists the Indian economy will grow by 910 percent,
though that may need a transition of two to three years. Jhunjhunwalas
thesisisthatIndianswillsave$1trillionayear,andevenif10percentofthat
money$100billionflowsintothemarkets,therewillbeatsunamionthe
bourses.SoIremainbullishthat,forthenext20years,wecouldseeabull
runliketheoneWallStreethadfrom1987.

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Hisdailyroutine
Hewakesupat7.30anddoessomeexercise.At9amhewatchesTVtoget

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update about market opening. At 10 he gets ready for work after having
breakfast. Around 11.30 he reaches his office talks to his people, checks
mails, reads articles and watch the trading screen. 4 PM onwards he meets
http://investorji.in/rakeshjhunjhunwalasuccessstory.html

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9/4/2016

RakeshJhunjhunwalaSuccessStoryfrom5kto1.8$Billion

thepeopleattheendofthetradinghours.At7.30heleavesforhome,after
reaching home he plays with his children and looks into his daughters
homework.At9.30hetakesdinnerandafter10goestobed.

44Comments

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GovardhanreddyDuggiempudi
ArticleTraineeatV.RaoandGopiAuditFirm

Greatpersonality
LikeReply

1Apr24,201511:43am

DeepakSahu
WorksatSelfEmployed

greatstorythankyouforsharingwithus[url=http://stocktips
guru.blogspot.in/]stocktips[/url]
LikeReplyMay16,201511:45amEdited

NareshKumar
JammuUniversity

Reallygreat,it'sgoodideagivenbyhimtolearn&investin
stock
LikeReplyJun5,20159:20pm

KRajRathore
ServiceManageratNetworthStockBrokingLtd

idealforeveryinvestor
LikeReplyJul10,201512:04am

RajKumar
StockTraderatSelfEmployed

ExcellentStory
LikeReplyJul18,20151:03pm

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