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Which stocks made Rakesh Jhunjhunwala rich?
Rakesh Jhunjhunwala portfolio: Tata group stocks, Titan Company and Tata Motors surged to new highs in Thursday’s trading session. Titan share price surged over 10\% to ₹2,384.25 apiece whereas Tata Motors shares hit new 52-week high of ₹383 and closed more than 12\% higher.
What made Rakesh Jhunjhunwala rich?
Rakesh Jhunjhunwala’s first big win was Tata Tea, where he made a profit of Rs 5 lakh in 1986. He bought 5,000 shares of Tata Tea at a price of Rs 43, which zoomed to Rs 143 apiece within just three months, more than tripling his invested money.
What was Rakesh Jhunjhunwala’s first big profit?
Rakesh Jhunjhunwala’s first big profit was Rs 0.5 million in 1986. He bought 5,000 shares of Tata Tea at Rs 43 and within 3 months it was trading at Rs 143. He made a profit of over 3 times by selling the stocks of Tata tea. In the next few years. Rakesh Jhunjhunwala made a number of good profits from stocks.
Buying 8 crore shares of Titan Ltd. in 2002-03, this stock has provided Jhunjhunwala with immense wealth. As of today, the stock is trading at roughly INR 930 as compared to an average price of INR 5 that Mr. Jhunjhunwala had bought the stock at.
How did Jhunjhunwala double his money in India?
1. Between the years 1986 to 1989, Mr. Jhunjhunwala made large investments in blue-chip companies including Tata Power Ltd., the price of which rose to INR 1200 each and made the asset of the veteran investor double from INR 2 million to INR 5.5 million. 2. One of his early investment also includes Sesa Goa, now called Vedanta Ltd.
How much did Rakesh Jhunjhunwala earn from Sesa Goa?
In the next few years. Rakesh Jhunjhunwala made a number of good profits from stocks. Between 1986-89, he earned Rs 20-25 lakhs. His next big investment was Sesa Goa, which he initially bought at Rs 28 and then increased his investment at Rs 35.