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Hi friends, welcome to Telugu Stock Market. I am your Satish, India's Big Bull, and some call him the Warren Buffett of India. Who is he? Rakesh Jhunjhunwala. We are now going to discuss how he started in the stock market with just 5000 and grew to 50 thousand crores. I will explain their main point, Important Policy, at the end of this video.
They were born in Hyderabad, the capital of Telangana, in 1960. Their father worked as an income tax officer . Their job transfer was to Mumbai . Junjun and his family got a good understanding of the stock market when they were 15 years old, through newspapers or discussions with some stock market investors in the market .
When he told his father the same thing, he said, " I will invest in the stock market and become a stockbroker." His father said, "First complete your education and only then do whatever you want." In 1985, he completed his CA. After that, they went to their father and asked him to give them some amount to invest in the stock market.
Their father said that if you want to invest in the stock market, you should earn it yourself and not borrow from me or my friends, and that is why Junjun Wala himself worked hard and earned ₹5000 . By investing that amount in the stock market, a certain amount of profit was made. When they took this amount and showed it to their brother, their brother's friend loaned them up to 25 lakhs .
That too, 25 lakhs was lent at an interest rate of 18%, which is nearly a rupee and a half . At that time, the company he first invested in was Tatas, and the shares doubled in the next three months . After that, many people think that Junjan Wala garu got the amounts due to investing, but he got more profits due to trading.
Sesagoa, which is currently owned by Vedanta, acquired this company. At that time, Sesagoa got it thinking that there would be a fall in the company and he short-sold it with huge amounts . This company has been making huge profits. After that, 14,000 shares of ACC Cement Company were bought at 535 each.
This is because of Hashad Mehta, but the share has started to increase gradually. It was sold by Jhunjunwala garu at a price of nearly 3400. After that, as it continued to grow, Jhunjunwala started short selling his investments and used the amount to short sell everything . He himself has said in some interviews that when the share continuously went up to 10,000, he almost lost the entire amount, and even incurred a lot of losses.
After that, when Harshad Mehta's scam was exposed, the share price plummeted and the stock market crashed. With that amount, trading plus investments, the stock market rose the next year, and the profit was nearly over 200 crores. With that amount, in 2002, the gold shops run by the Tamil Nadu government were on the verge of bankruptcy.
At that time, the Tata Company came forward and acquired those shops and started running them as a company called Titan. At the same time, this Jhunjunwala garu bought a total of 6 crore shares at the rate of three rupees each . This can be said to be the biggest investment in their stock market journey, plus the share that brought huge profits.
This too has been generating profits for decades, nearly 20 years, at a price below Rs 2400 per share . They are continuing that share even now . Next, in 2004, Rare Enterprises Private Limited was started. The reason why they named this company Ra Ra Re is because they took the first letter Ra in Rakesh's name and Rekha Lo Ray in their wife's name, and started the company with these two letters Ra Ray, building a portfolio around it .
Next, at that time in 2008, the stock market rose dramatically. It was during that time that Mukesh Ambani garu achieved the first rank of the world's richest person . At that time, they were ranked 1062nd in the World's Richest Persons rankings conducted by Phoebe . Next, in 2012, a movie titled English English was made with Sridevi.
They were ranked 48th among India's richest persons during the Corona period of Next 2020 . You know how it crashed during this time. During this time, he made huge investments and made huge profits. In addition to making donations in 2021, he also invested in his dream project, Akasha Air Flights .
But unfortunately, on August 14, 2022, they died due to health problems. By the time they died, their investments had grown to Rs 50,000 crore . You can see the top 15 stocks they invested in in the list here. Moreover, with their wealth increasing to 50,000 crores, they have reached the 438th rank in the world's richest persons rankings .
I said that Jhunjanwala garu believes in a policy and stands on that point the most, and I'm going to say that now. Friends, if you like this video, please like, subscribe, and share. I can only provide videos like this with your support. Now, Jhunjanwala's main point is that when the policy comes and the stock market crashes, they tell us to invest.
Furthermore, when there is a negative point about a company, even if it is a good company, we should invest in that stock . Because of that, they say that there are chances of making good profits in the future. Whenever they talk bullishly about the Indian stock market, their view is also bullish . Okay friends, I hope you liked this video. Please like, share and subscribe . Thank you Satish.
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