원문 보기
Hello friends, today we are going to talk about Rakesh Jhunjhunwala, known as India's Big Bull. Yes, whom we also call India's Vern Buffett. His father worked in the Income Tax Department. Since childhood, he had been hearing about tax, shares, and profit money at home. So, he decided that he too wants to make a career in the stock market.
One day, he told his father about the stock market and said, "Father, I also want to make a career in the stock market." His father flatly refused, saying, "First, complete your studies, then get a good degree, and then you can talk about the future." He worked hard and got a CA degree. After getting the degree, he again asked his father, " Father, now I have a degree, now I can start my work in the stock market." His father said, " Whatever you want to do, do it, but you have to start with your own money.
You will not do anything with my money. I cannot help you in this." At that time, Rakesh ji had only ₹5000000, he had taken it from his brother's client. He borrowed ₹1 lakh, promising to give him a higher return than an FD, while the FD yields a return of 56%. He then borrowed ₹1 lakh, promising to give him a return of 11 to 12%.
Hearing this, the man gave Rakesh ₹1 lakh. With this money, Rakesh bought 5,000 shares of Tata Motors at ₹1. Within three months of buying the shares, the stock price of Tata Motors rose to ₹1.43, meaning his capital had tripled. He sold all the Tata Motors shares at ₹14,143, earning the first major profit of his life.
In 1986, during the recession and people were afraid to invest in the stock market, Rakesh bought Tata Motors stocks, earning such a profit that his net worth increased to ₹1 lakh. Between 1986 and 1989, he made various investments. Due to which his net worth increased to ₹ crores. After that, he took a big risk in his life.
At that time, there used to be a stock by the name of Shesa Guwa, which we know today as Vedanta. He bought 4 lakh shares of Shesa Guwa at the rate of ₹ and within a few days of buying the stock, the rate of that stock became ₹, then he sold about 25 lakh shares at the rate of ₹ and within a few days of selling, the price of that stock became ₹1, then he sold the remaining shares at the rate of ₹150 and between 2002 and 2003, he made the most important investment of his life in Titan, which we can also call Rakesh ji's life changing investment.
Titan alone holds 11000 crores in his wealth of 43000 crores. Rakesh ji had bought 4.4 crore shares of Titan stock at the rate of ₹ and today The rate of Titan in today's date is something like 3300 and what happens with us mostly is that if we buy any thing for ₹1, even if it becomes ₹10, then there would be a panic inside us that sell it, sell it, book profit quickly, but Rakesh ji did not do anything like this, that is why we also call him India's Varun Buffett, apart from Titan, he has generated multi-bagger returns by investing in big companies like Lubin Crisil Escorts Pvt.
During this time, when he got married, he formed his own company Rare Enterprises. Rakesh Jhunjhunwala ji's wife's name was Rekha Jhunjhunwala, so RA stands for Rakesh RE, so by combining the names of both of them, this company was established Rare Enterprises in which he started making his personal investments, by doing this and that, at present, Rakesh Jhunjhunwala ji has approx 37 stocks in his portfolio, which includes Lupin, Crisil, RTA Motors, etc.
Big brands are included whose total value, if calculated today, is approximately 43000 crores. Rakesh Jhunjhunwala ji was called India's Big Ball because whatever stock he bought, whatever stock he laid his hands on, it would become a rocket and there was no stopping it. He is called Varun Buffett because Varun Buffett is a value investor.
He does a lot of analysis before investing in any company and only then buys that stock and once he buys the stock of a company, he holds it for the long term. Rakesh ji also followed the same process, hence he was also called India's Varun Buffett. Rakesh ji was also called the King of Dividend because he used to get dividends worth crores of rupees every year from his investments.
Apart from this, Rakesh ji was also involved in different ventures. You must have heard the name of his most popular venture, Hungama. Hungama is a company which produces movies, whose chairman is Rakesh Jhunjhunwala himself. You must have heard a lot. You must have heard the names of all the popular movies like English Vinglish and Sam Ataab, whose producer is Rakesh Jajnawala himself.
Rakesh Jajnawala ji was a great investor as well as a producer, but due to not focusing on his health, he is no more among us today, hence it is said that health is wealth, you should invest, you will definitely get the benefit of compounding in the long term, but before that it is very important for you to focus on your health, hence it is also said that health is wealth, how did you like this story related to Rakesh Jajnawala ji, you can tell me in the comment box, you can share the video to spread the awareness, thank you.
Comments 0