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Rakesh Jhunjhunwala
Rakesh Jhunjhunwala Net Worth is 1,250 $Million. Rakesh Jhunjhunwala (born 5 July 1960) is an Indian investor and trader. He is a qualified Chartered accountant. He manages his own portfolio as a part. Rakesh Jhunjhunwala (born 5 July 1960) is an Indian investor and trader. He is...

Rakesh Jhunjhunwala Net Worth is 1,250 $Million.

Rakesh Jhunjhunwala Net Worth is 1,250 $Million. Rakesh Jhunjhunwala is an Indian investor and trader. He is a qualified Chartered accountant. He manages his own portfolio as a part Rakesh Jhunjhunwala is an Indian investor and trader. He is a qualified Chartered accountant. He manages his own portfolio as a partner in his asset management firm, Rare Enterprises. Jhunjhunwala was described in a magazine as the "pin-up boy of the current bull run" and by another as "Pied Piper of Indian bourses".
The son of an income tax officer, he started dabbling in stocks while in Sydenham College and plunged into full-time investing soon after completing his education. He started his career in 1985 when the BSE Sensex was at 150. He made his first big profit of Rs 0.5 million in 1986 when he sold 5,000 shares of Tata Tea at a price of Rs 143 which he had purchased for Rs 43 a share just 3 months prior. Between 1986 and 1989 he earned Rs 20-25 lakhs. His first major successful bet was iron mining company Sesa Goa. He bought 4 lakh shares of Sesa Goa in forward trading, worth Rs 1 crore and sold about 2-2.5 lakh shares at Rs 60-65 and anothe...
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Rakesh Jhunjhunwala Latest News

Ace Investor Rakesh Jhunjhunwala Backs Remedinet Technologies

Ace investor Rakesh Jhunjhunwala has invested an undisclosed amount in Remedinet Technologies, software firm which provides solutions to manage pre-authorised payments. The round also saw the participation of existing investors - @BVPIndia and @Nirvana ...
Posted: July 23, 2014, 10:21 pm

Kotak picks up stake: The worst is behind for MCX

Also read: FTIL to sell 15% in MCX to Kotak Mahindra for Rs 459 cr FTIL’s partial exit from the bourse, as well as Kotak’s stake buy, along with another recent move by ace investor Rakesh Jhunjhunwala to pick up 2 percent stake, would hopefully turn a ...
Posted: July 21, 2014, 3:01 am

Kotak Mahindra Bank's stake buy drives MCX shares to new 52-week high

This is the second big ticket acquisition of MCX stake in the part two weeks. Prominent investor Rakesh Jhunjhunwala had recently acquired nearly two per cent stake in MCX for about Rs 66 crore. MCX shares touched a new yearly high of Rs 897 on the NSE ...
Posted: July 20, 2014, 10:10 pm

Rakesh Jhunjhunwala cuts stake in Titan: reports

Thank you for the rating. It's earnings season. www.indiainfoline.com, a part of the IIFL Group, presents you real-time, comprehensive, and in-depth analysis of company earnings to give you that investment edge. The 'Results Calendar' helps you keep track ...
Posted: July 15, 2014, 12:06 am

Aditya Birla PE To Buy Into IEX

In the last five years, trade in Indian power exchanges has increased at a CAGR of 56%. Recently, ace investor Rakesh Jhunjhunwala had bought a 2% stake in the Multi Commodity Exchange (MCX) founded by Shah. Also FTIL had announced the sale of 15% of MCX ...
Posted: July 22, 2014, 5:07 am
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