Rakesh Jhunjhunwala no more: Here's how a general guy became FATHER of stock market
Rakesh Jhunjhunwala's died on August 14, the eve of the country's 75th Independence Day. Here's how a general guy of Mumbai became the 'Father' of the stock market.
Rakesh Jhunjhunwala, the iconic investor of India passed away today (August 14). He is the ace investor in the country. From the portfolio of Rs 5000 to the 'Father' of the stock market, he also has had a tremendous journey. Here are all the aspects of Jhunjhunwala's journey that led him to what he was now.
Investor
Akasa Airlines
Personal Life
Rakesh Jhunjhunwala's personal life is also the most talked about topic among his fans. He married Rekha Jhumjhunwala in 1987, a year after dabbling in the stock market. She is also a share market investor. They formed a company "Rare Enterprise" named with the combinations of the first two letters of Rakesh Jhunjhunwala and Rekha Jhunjhunwala.
Harshad Mehta era
Stocks
As per the Trendlyne statistics report, the iconic investor has stocks of equities like Titan Company, Tata Motors, Star Health and Allied Insurance Company, Metro Brands, Fortis Healthcare, Nazara Technologies, Federal Bank, Delta Corp, DB Realty, and Tata Communications belong to Jhunjhunwala and associates.
Big Bull's stocks
Begining of the career
Rakesh Jhunjhunwala dabbled in the stock market when he was in college. He made the first investment that give him a big return in 1986. He invested in Tata Tea shares costing Rs 43 per share. He earned Rs 20 to 25 lakh in the next two to three years by investing in the Tata Tea share. This is the humble start of the journey that led Jhunjhunwala into India's Warren Buffet.