At the age of 62, Rakesh Jhunjhunwala earned money and name in such stocks, which no one could even imagine. He converted it into multibagger stock by investing money in penny stock.
Rakesh Jhunjhunwala With Pm Modi: PM Modi has also been involved in Jhunjhunwala’s appreciation
Country’s leading stock market investors and traders Rakesh Jhunjhunwala died on Sunday morning. He was 62 years old. He breathed his last in a hospital in Mumbai. Just a week ago, Rakesh Jhunjhunwala’s airline company Akasa Air took the first flight. He suffered a heart attack on Sunday morning after which he was immediately admitted to Breach Candy Hospital. He had kidney problem and was undergoing treatment for a long time. He was discharged from the hospital only a few weeks ago. The country’s famous trader and investor Rakesh Jhunjhunwala was called the ‘Big Bull of Dalal Street’. He has a net worth of $5.5-5.8 billion. This amount in Rs.
Let us know about some of his multibagger stocks from which he has earned crores. In 1985, Rakesh Jhunjhunwala entered the stock market with just Rs 5000. At that time the Sensex was playing at 150 points. Today the same Sensex runs at 50-55 thousand. Rakesh Jhunjhunwala took Rs 2.5 lakh from an acquaintance and started investing in shares. 1986 Rakesh Jhunjhunwala got the first biggest earning in which he made a profit of 5 lakhs in one stroke.
You must have heard the name of Tata Tea Share. Rakesh Jhunjhunwala then bought 5,000 shares of Tata Tea at Rs 43 per share. Within three months of the purchase, the share price reached Rs 143. Today the price of one share is running at Rs 763. From this you can estimate the profit.
Investing in Multibagger Stocks
At the age of 62, Rakesh Jhunjhunwala earned money and name in such stocks, which no one could even imagine. He converted it into multibagger stock by investing money in penny stock. His portfolio list includes many multibagger stocks. In the year 2002-03, Rakesh Jhunjhunwala bought shares of Titan Company Limited. Then his average price was Rs 3. But today its rate is Rs 2472. In June this year, its price was Rs 2140. You can see that the share that Rakesh Jhunjhunwala had bought for Rs 3, today that share is trading at more than Rs 2400. He has 4.4 crore shares of Titan Company. Not only this, Rakesh Jhunjhunwala’s stake in Titan Company Limited is 5.1 percent.
Lupine and Titan are examples
Similarly, in 2006, Rakesh Jhunjhuwala had invested in the pharmaceutical company Lupine. Then the average purchase price of the shares of this company i.e. the purchase price was Rs 150. As of today’s date, the share price of Lupine is running at Rs 682. That is, more than four times the profit has been made in this stock. Similarly, stocks like Bilcare Limited, Canara Bank, Geojit Financial Services, Jubilant Ingravia, Prozone Into Properties, Indiabulls Real Estate, Titan Company Limited, Man Infraconstruction, NCC Limited and Fortis Healthcare have earned Rakesh Jhunjhunwala in crores.
Lessons for the novice trader
This is the matter of earning in shares. Rakesh Jhunjhunwala often used to say one thing which is a lesson for the novice trader. He used to say, Passionate investor always makes profit in the stock market. If you do any work with full enthusiasm and passion, then you can never fail. Everyone studies CA, but Rakesh Jhunjhunwala was a passionate trader with CA who believed in long term investments.