Rakesh Jhunjhunwala

One of the best things about him was that he wanted people, his friends, and the masses at large, to make money, writes Raamdeo Agrawal of Motilal Oswal ...

Chg(%) Chg(%) Price() Chg(%) Price() Chg(%) Price() Price() And that was also the reason for the kind of risk he took, and the kind of conviction he brought on the table. markets. He was always so much ahead of time in the stock he had bet on - courtesy his extensive research – that he was almost a visionary when it came to predicting a stock’s trajectory. Of course, not all his bargains were great, and he must have paid a price for it. He always believed in predicting about the companies, about the economy, about the world.

Stock investor Rakesh Jhunjhunwala, dubbed India's Warren Buffett with an estimated net worth of $6 billion, died early on Sunday at age 62, ...

Uday Kotak, the chief executive of Kotak Mahindra and a friend from school days, said Jhunjhunwala had "believed stock India was undervalued" and that he was right. "Rakesh Jhunjhunwala was indomitable," Prime Minister Narendra Modi wrote on Twitter. "Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. The promoter of India's newest airline, the ultra low-cost Akasa Air, Jhunjhunwala appeared days ago at its public launch.

“Stock markets are always right. Never time the market,” Rakesh Jhunjhunwala, the ace investor of India once said. The quote captures his investing style.

He graduated from Sydenham College in 1985 as a chartered accountant and entered the stock market with just Rs 5,000 in 1985. Star Health IPO was offered at a price band of Rs 870 to Rs 900 per share. Overall, he had a stake in 47 companies at the end of June quarter (Q1 FY 2022-23). Consider this: The ace investor held 4.4 crore shares of ‘Titan Company Limited, which he purchased in 2002-03 at an average price of Rs 3. He is known for picking value stocks and staying put for a long time to make the most of his investments. It is currently trading at a price of Rs 2,471.95.

The end for Rakesh Jhunjhunwala was as sudden as his rise in the Indian stock markets, so much so that he began getting compared to the legendry American ...

In case of Jhunjhunwala, there was a blip when he along with his extended family shelled out Rs 37 crore to settle an insider trading case with the Securities and Exchange Board of India (SEBI) which found that Jhunjhunwala, his wife and brother had leveraged unpublished information in a company they controlled to manipulate its shares. Harshad Mehta would have been his hero but as per Jhunjhunwala he was a bear who correctly bet on the crashing stock market. Mehta died a lonely death, his genius was found to be based on fraudulent slips of credit obtained from friendly bankers. His first big money-making bet was in picking up a Tata company shares which tripled in value a couple of years later, helping him to profits of Rs 20 to Rs 25 lakhs in1986. Gruff and plain speaking, the portly Jhunjhunwala was the man being watched on the bourses more so after PM Narendra Modi felicitated him and his wife Rekha, practically endorsing the couple’s money making ways. Some of them like – “No one can predict weather, death, market and women” – were banal.

Indian billionaire stock investor Rakesh Jhunjhunwala, known as "India's Warren Buffett", died on Sunday at age 62, media said.

Register now for FREE unlimited access to Reuters.com My condolences to his family and admirers." "Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. Jhunjhunwala's bets include a number of companies run by Tata Group, one of India's largest conglomerates. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com

Rakesh Jhunjhunwala death live updates: Ace stock market investor Rakesh Jhunjhunwala, often referred to as India's own Warren Buffet passed away at the age ...

My deepest condolences to his family. India will miss him but we will never forget him,tweets Gautam Adani Deeply saddened by the sudden demise of prominent investor & industrialist Rakesh Jhunjhunwala ji. Investor, bold risk taker, masterly understanding of the stock market, clear in communication- a leader in his own right. 14 Aug 2022, 11:11:59 AM IST I am saddened by the terrible news of the passing away of veteran investor, business magnate and stock trader Shri Rakesh Jhunjhunwala this morning. 14 Aug 2022, 11:22:54 AM IST A veteran investor & industrialist, his contribution to the Indian Capital Market was immense. His passing away is a terrible loss to the financial world. He ruled the Indian stock market for decades, making intelligent investment choices to build an empire of stock holdings worth over ₹40,000 crore. The Big Bull of Dalal Street began investing in stocks with ₹5,000 and according to Forbes, Rakesh Jhunjhunwala net wealth today is 5.8 billion. Ace investor with Midas touch Rakesh Jhunjhunwala passed away in early morning on Sunday due to cardiac arrest.

Rakesh Jhunjhunwala's shrewd stock picks had earned him a cult following and he remained bullish about the Indian stock market to the end.

At the same time, Jhunjhunwala was among the country’s notable philanthropists with a namesake foundation and said a couple of years ago that he wanted to give away 25% of his wealth within his lifetime. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. Jhunjhunwala preceded his guru in the billionaire ranks, which he joined for the first time in 2008. He was also an early backer of gaming firm Nazara Technologies and general insurer Star Health and Allied Insurance Company-both listed last year. Jhunjhunwala traded on his own account through his firm Rare Enterprises—a name coined from the first two letters of his name and that of his wife Rekha. Damani debuted on the Forbes World Billionaires’ list in 2017, the year when he took his hypermarket chain Avenue Supermarts public.

Ace investor Rakesh Jhunjhunwala died on Sunday at the age of 62 in Mumbai. | Latest News India.

My condolences to his family and admirers. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. Leading the country in bidding adieu to the billionaire, Prime Minister Narendra Modi wrote on Twitter: “Rakesh Jhunjhunwala was indomitable. Bhaiyya always told me ‘ apan apne dam par jeyenge ‘ .. and he lived on his own terms.” “I lost my brother today .. a relationship not known to many. Union minister Smriti Irani remembered billionaire investor Rakesh Jhunjhunwala, who died on Sunday morning.

Billionaire investor Rakesh Jhunjhunwala, nicknamed “India's Warren Buffett” for his successful stock market bets, died Sunday at the age of 62, ...

Jhunjhunwala “believed stock India was undervalued. “Rakesh Jhunjhunwala was indomitable,” Indian Prime Minister Narendra Modi said. He was also very passionate about India’s progress.” A cause of death was not immediately available. Indian politicians and business leaders expressed their condolences over Jhunjhunwala’s death. He had an estimated net worth of $5.8 billion at the time of his death, according to Forbes, which called Jhunjhunwala an “investor with a Midas touch.” His latest venture, a low-cost airline called Akasa Air, began operating in India last week.

Veteran stock market investor and Indian billionaire Rakesh Jhunjhunwala, nicknamed India's own Warren Buffett, died Sunday in Mumbai city, Press Trust of ...

The airline said it was “deeply saddened” by the news of his death. As his net worth steadily rose, he became one of India’s richest men with investments in some of the country’s biggest companies. Also called the “Big Bull” of the country's Bombay Stock Exchange, Jhunjhunwala was known for taking risks in the market and in his investments.

Former accountant was the first Indian to become a billionaire through stock market investing.

Jhunjhunwala, a chartered accountant from the northern state of Rajasthan, began investing in the stock market while he was still in college, starting off ...

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With unwavering faith in India story, the passionate investor inspired many to enter the equity markets.

Chg(%) Chg(%) Price() Chg(%) Price() Chg(%) Price() Price() In 2021, he entered the Edelgive Hurun India Philanthropy list with an annual donation of Rs 50 crore. On a few occasions, Jhunjhunwala also had a tryst with the capital market regulator. Jhunjhunwala had the rare skill of dabbling in both trading and investing. Yet until the very last, he had an indomitable spirit as was seen in a widely-shared video of him dancing on a wheelchair to a popular Bollywood number.

Rakesh Jhunjhunwala, also known as "the big bull" of Indian markets, has died at the age of 62.

Mr Bagga added that Jhunjhunwala had an infectious "optimism for India". That optimism was reflected in Jhunjhunwala's other famous nickname - the Big Bull of Dalal Street, a reference to the address of the Bombay Stock Exchange. Full of life, witty and insightful, he leaves behind an indelible contribution to the financial world. My condolences to his family and admirers. A decade ago, he told Reuters in an interview that he didn't like being called "India's Warren Buffett", adding that the Berkshire Hathaway CEO was "far, far ahead" of him. He later set up Rare Enterprises - the name was coined from the first two letters of his name and that of his wife Rekha. He was also very passionate about India’s progress.

Jhunjhunwala died on Sunday at the age of 62, a week after the launch of his budget airline, Akasa Air.

He leaves stakes in about three dozen Indian companies and a legacy of quoting one-liners like “the trend is your friend” and “the only rule I have is there are no rules”. I don’t want to do anything else in life,” Jhunjhunwala told the Reuters news agency 10 years ago. He trebled his money within months. The cause of his death was not immediately known. Jhunjhunwala died on Sunday at the age of 62, a week after the launch of his budget airline, Akasa Air. He had looked and sounded frail when promoting the carrier. Jhunjhunwala died on Sunday at the age of 62, a week after the launch of his budget airline, Akasa Air.