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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

Rakesh, Rekha Jhunjhunwala sell 4.2 million shares of Intellect Design Arena

Intellect Design Arena, an IT company that provides solutions in the financial services space, saw its share plunge almost 13 percent intraday on news that investors Rakesh Jhunjhunwala and his wife Rekha sold ~42 lakh (4.2 million) shares of the company ...
Posted: February 15, 2017, 3:22 am

Stocks Radar: Tata Motors, Intellect Design Arena, Sun Pharma And More

The index fell as much as 2 percent to 21,487. Intellect Design Arena: Rakesh Jhunjhunwala Sells Stake Shares of the banking financial technology company fell as much as 10.5 percent to its 52-week low of Rs 107.75, after promoters Rakesh Jhunjhunwala and ...
Posted: February 14, 2017, 9:01 pm

Intellect Design Arena Rebounds After Rakesh Jhunjhunwala Sells Stake

Intellect Design Arena shares rebounded a day after ace investor Rakesh Jhunjhunwala and his wife Rekha sold their entire 4.20 per cent shareholding in the IT firm for an estimated Rs 53.08 crore. In yesterday's session, the stock fell as much as 10.42 per ...
Posted: February 18, 2017, 11:05 pm

Q3: When Jhunjhunwala grilled Tata Motors on its hedging policy

In a dramatic move, the sterling fell from 1.5 to the pound to about 1.2 levels. On the conference call, Tata Motors told ace investor Rakesh Jhunjhunwala that it hedges 80 percent of one-year out payments, 60 percent to two years out, 45 percent to three ...
Posted: February 14, 2017, 9:25 pm

Rakesh Jhunjhunwala offloads stake in Intellect Design Arena

In a filing to the BSE, Jhunjhunwala said, "On February 14, I along with persons acting in my concert (Rekha Jhunjhunwala) have sold 42.50 lakh shares (4.20 percent) of Intellect Design Arena".
Posted: February 15, 2017, 10:36 pm
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