One of the popular investor of and also known as the Warren Buffet of India, the legend himself ‘Rakesh Jhunjhunwala’. He entered the Indian stock market at the age of 25 only i.e. in 1985. He was born in 5 July 1960. Rakesh Jhunjhunwala used keenly hear his father and his friends discussing about stocks and share price so from her he inherited the interest of stock market trading. Rakesh Jhunjhunwala joined Charterd Accountancy course to accquire professional and completed in 1985. Rakesh Jhunjhunwala biggest hit just after completing his degree which was buying 5000 shares of ₹43 each ( almost ₹2,10,000) and sold for ₹143 (almost ₹7,15,000) in just three months. This gave Rakesh Jhunjhunwala almost ₹5 Lakh which was a big deal that time. His next big bet was Sesa Goa. He purchased 4 lakh shares and accumulated huge profits in it. There are a lot of stocks that made large sums of money for him like Lupin, Crisil etc.
Today his portfolio is worth over ₹ 31,320 crores / 4.2 Billion Dollars which consists of Titan, Lupin and CRISIL as top holdings now. He is a renowned trader and investor of Indian stock market and called as Indian Warren Buffet.
1. Bombay Stock Exchange (BSE) is the biggest stock exchange in the world in terms of the number of listed companies on an exchange. BSE has over 5,500 listed companies.
2. BSE is also the oldest stock exchange in Asia. It was established in 1875.
3. The participation of the common people in Indian share market is below a satisfactory level. Less than 2.5% population of India invest in the market.
4. When master blaster used to play international cricket, his dismissal adversely affected the Indian stock market.
5. The costliest share in the Indian share market is MRF. It costs Rs 69,290 to buy 1 share of MRF.
6. There is total of 23 stock exchanges in India. How many do you know apart BSE and NSE?
7. Nifty has given a return of 11.32 percent p.a. since its inception [till Nov’2017]: The base value of nifty was 1,000 in 1995. Recently nifty crosses 10k mark and it is currently at 10,360 points.
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