The journey started from 5000
When Rakesh Jhunjhunwala stepped into the stock market in 1985, he came into the market with just Rs 5000 and from these Rs 5000 he built a fortune of around Rs 18000 crores, which is an inspiring story in itself. In 1985, Rakesh Jhunjhunwala made a profit of Rs 5 lakh from the market. At that time, Jhunjhunwala had bought 5000 shares of Tata T at a price of Rs.43. Three months later, the stock had fallen to Rs 143. After which Rakesh Jhunjhunwala had made almost three times the profit by selling it. After this, Rakesh Jhunjhunwala bought many shares in a few years. Rakesh Jhunjhunwala bought huge shares one after another and by 1986-89 he made a profit of around 20-25 lakhs.
Titan and Lupine made billionaires
In 2002, Rakesh Jhunjhunwala bought shares of Titan Company at a price of just Rs.3. Rakesh Jhunjhunwala bought 6 crore shares at a price of Rs 3, which today’s price is Rs 2393. Not only this, after this Rakesh Jhunjhunwala bought a share of Lupine at a price of Rs 150 in 2006, which is worth Rs 682 today. These shares made Rakesh Jhunjhunwala India’s most successful man in the stock market. Rakesh Jhunjhunwala’s portfolio fell by 30 percent in 2008, but he recovered his losses in 2012.
11 thousand crore investment in Tata shares
Rakesh Jhunjhunwala had invested heavily in the shares of Tata Motors during the Corona period. Rakesh Jhunjhunwala bought shares worth Rs 1731 crore in Tata Motors. At that time, Tata Motors share price was around Rs.150. Which has now increased to 477 rupees. Let us tell you that Rakesh Jhunjhunwala’s net worth is 5.8 billion dollars and according to Forbes magazine he was the 36th richest person in India.
Take fast, give fast
While Rakesh Jhunjhunwala is known for holding good stocks for long, on the other hand, he also relied on Le Faftat. He held Titan shares in his portfolio for more than two decades. Rakesh Jhunjhunwala’s investment in Tata shares has exceeded Rs 11,000 crore. Jhunjhunwala has a total of 32 stocks in his portfolio.