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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

Investment tip: 5 market experts list sectors you must avoid for now

Ace investor Rakesh Jhunjhunwala recently said that he is bullish on the domestic equity markets. His remarks come at a time when India has replaced China as top destination for foreign direct investment by attracting $63 billion worth FDI projects in 2015.
Posted: April 24, 2016, 5:48 pm

The secret of Rakesh Jhunjhunwala’s success

At a time when high-frequency trading has allowed market participants to transact in milliseconds, India’s best known stock market investor’s average holding period is still measured in years. And his highest returns are on stocks he has held for at ...
Posted: November 17, 2015, 10:30 am

Sri Lanka Telecom to launch streaming service with Hungama

Less than a month after raising $25 million from Xiaomi and existing investors Intel Capital, Bessemer Venture Partners and Rakesh Jhunjhunwala, digital entertainment company Hungama has signed a content sharing deal with Sri Lanka Telecom (SLT ...
Posted: April 24, 2016, 11:15 pm

Nifty ends below 7750, Sensex sheds 207 points on global pressure

9:45 am Big bull: Rakesh Jhunjhunwala, Partner at Rare Enterprises, said markets have been looking up of late. But they have mellowed somewhat from the time Narendra Modi took over as the prime minister. "It is a good thing that optimism has come down from ...
Posted: May 3, 2016, 7:11 am

TRACK SENSEX, NIFTY LIVE: Who moved my market today

@2.02 PM: Shares of Federal Bank surged over 5 per cent after reports that billionaire investor Rakesh Jhunjhunwala bought a 1.6 per cent stake in the private lender during the March quarter, while Kochi-based investor Porinju Veliyath, better-known for ...
Posted: May 4, 2016, 6:11 am
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