Honoring the memory of Rakesh Jhunjhunwala, the legendary Dalal Street Big Bull, on the occasion of his first death anniversary. The D-Street stockbroker who showed many retail investors to pave their way in the stock market world. A chartered accountant himself, Rakesh Jhunjhunwala started his journey with Rs. 5000 in 1985 and made his way to a “Big Bull” of $5.5 billion breaking all records. The knowledge and experience he had in the stock market world, he is often regarded as the “Warren Buffett” of India.
The last portfolio at the end of June 2022 stood at Rs. 25,397.54 crore through many asset management firms with the name of his wife and his own rare enterprise. He was the believer of long-term opportunity, so his asset growth was the result of many long-term investments. He used to say, “Hastily taken decisions always result in heavy losses. Take your own time before putting money in any stock.“
Many of his stocks included Titan, Star Health, Apollo Hospitals, Tata Communications, BEML, Crisil, etc. that got him substantial returns.
“I have had a lot of people influencing me in life, but nobody influenced me the way Mr Damani has. When we were introduced, I had no office…but we instantly struck a friendship because I always wanted a listener and he always wanted to listen to somebody he thought made sense,” – the legend once said in a CNBC TV18 show.
Overall, the elimination of Rakesh Jhunjhunwala aka the “Big Bull” is irreparable in the stock market in India. He will be remembered for his superior concern and expertise in the stocks market and keep drawing many stock investors towards the industry for a better economic well-being.
