Biography of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala was born on 5 July 1960 in Mumbai. His father was an income tax officer. His father had a lot of interest in the stock market, so his father used to discuss the stock with his friends. Rakesh Jhunjhunwala was younger then. And they used to listen to these things. One day Rakesh Jhunjhunwala asked his father why the prices in the stock market are up and down. Then his father said that he should read the news. This was his first lesson about the stock market.
Rakesh Jhunjhunwala says that you can learn everything from your mistakes. They say that I too have got a lot to learn because of my mistakes. Rakesh Jhunjhunwala says that I do not just blame the promoters of companies in the stock market, but I also blame myself. Promoter is what I have to recognize and it is very important for investors to trust themselves while investing.
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After completing his CA studies, Rakesh told his father that I have to go to the stock market. So Rakesh Jhunjhunwala’s father clearly refused to give money and where will I not give you money for Share Market. His father also said that you will not take money from your friends for the stock market.
Similarly, Rakesh Jhunjhunwala remained adamant on his stubbornness and stepped into the stock market in 1985, when BSE Sensex stood at 150. Rakesh Jhunjhunwala had come to the Share Market, but he did not have the money to invest in the Share Market. He deposited as much as possible from his savings and made his first investment in the Share Market with about Rs 5000.
He bought shares in 2011 and his prices fell, he suffered heavy losses, but in 2012 he made up for his losses and remained profitable, so he saw ups and downs in his life many times. Many times he earned crores of rupees in the stock market and was called the magician of the stock market.
They believe that in life we should always learn from mistakes. According to this, an investor should always be like a chameleon and he should have confidence in himself and should learn to invest at the right time and hold the investment. Rakesh Jhunjhunwala has also been a producer, he is the owner of rare enterprises and he is also the board of directors of Topps Security Limited.
Rakesh Jhunjhunwala has achieved the position on the strength of his hard work and ability that today he does not need any introduction. He is considered the king of the stock market. Today he is the chairman of Aptech Limited and Hungama Digital Media Entertainment Private Limited. Although he has suffered huge losses in the stock market many times, but he learned from those mistakes and moved forward. Rakesh Jhunjhunwala entered the stock market in 1985 when BSE Sensex was at 150 mark. He came to the Share Market, but he did not have the money to invest, so he deposited as much of his savings as possible and made his first investment with about Rs 5000.
In December 2011, Jhunjhunwala’s shares fell by 30%. He recovered his loss in February 2012. These fluctuations forced him to reduce his vulnerability by trimming his portfolio by one-third. His efforts to divide Uptake’s stake had nothing to do.