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Today by investing only 5000 rupees due to this great idea

Today, Rakesh Jhunjhunwala is not at all interested in a different identity, he has become a famous star in the Indian stock market, known to all as the Indian Stock Market King. Rakesh Jhunjhunwala also worked hard for success and Rakesh Jhunjhunwala started with just a few hundred rupees and today he owns about 15 thousand crores. So let’s find out about the success of Rakesh Jhunjhunwala.

Rakesh Jhunjhunwala

Such was the personal life of Rakesh Jhunjhunwala.

Rakesh Jhunjhunwala was born on July 5, 1960 to a family in Mumbai. Rakesh Jhunjhunwala’s father was an income tax officer and Rakesh Jhunjhunwala’s father also worked to invest money in the stock market. He often saw his father talking to his friends about investing in the stock market and Jhunjhunwala was about 15-16 years old.

Rakesh Jhunjhunwala

Rakesh Jhunjhunwala’s investment in the Indian stock market.

After completing his studies and vocational education, Rakesh Jhunjhunwala expressed his desire to invest in the Indian stock market to his father when Rakesh Jhunjhunwala’s father refused to pay. Shortly afterwards, Rakesh Jhunjhunwala started investing Rs 5,000 of his savings in the form of BSE Sensex shares for the first time in the Indian stock market.

Rakesh Jhunjhunwala

The success of Rakesh Jhunjhunwala in the Indian stock market 6.

Rakesh Jhunjhunwala was successful on the Indian stock market in 1986 when he bought about 5000 shares of Tata Tea at Rs 43 per share and then within 3 months the share price rose to Rs 143 per share and at that time, Rakesh Jhunjhunwala sold these shares, which Because Rakesh Jhunjhunwala made millions and then the story of Rakesh Jhunjhunwala’s rapid growth in the Indian stock market started from here.

Rakesh Jhunjhunwala then made about Rs 20 lakh to Rs 25 lakh in the Indian stock market between 1986 and 1989. Then for the next 2 to 3 years, the Indian stock market situation was not good at all, yet Rakesh Jhunjhunwala bought 1100-1200 shares of Tata Power at that time, with total assets of 50-55 lakhs.

Similarly, Rakesh Jhunjhunwala bought 6 crore shares of Titan Company at Rs 3 per share and sold them at Rs 390 per share. The key to Rakesh Jhunjhunwala’s success is “Buy Right and Hold Tight” which means buy right and hold fast.

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