Rakesh Jhunjhunwala is known as India’s most successful investor and trader of this era. It will quite interesting to have a look at the success story of how is made 8000 crore from Rs.5000. Rakesh Jhunjhunwala was born on 5th July 1960. His father was an Income tax officer. His father was interested in stocks and used to discuss about the stock markets with his friends. Rakesh as a child listened to them. The markets fascinated him. One day he asked his father why the prices fluctuate. His father told him to check the news. For Rakesh, it was the first lesson of the stock markets -news makes the prices fluctuate. He expressed his wish to get into stock markets to his father. He told him to do whatever he wanted in life, but get some professional qualification before that. Rakesh did chartered accountancy and completed his CA in 1985. Rakesh now wanted to enter the stock markets. His father advised him to trade with his own money and do not take money from him or any of his friends. Rakesh Jhunjhunwala started his career in 1985 when the BSE Sensex was at 150. In 1986, he made a major profit by selling 5,000 shares of Tata Tea at a price of Rs 143 which he had purchased for Rs 43 just 3 months earlier. …show more content…
His first major successful trade was in Sesa Goa (now Sesa Sterlite). Rakesh Jhunjhunwala bought 400,000 shares of Sesa Goa in forward trading, worth Rs 10 million. The stock was available at a cheap price of Rs. 25-26 as there was a depression in the iron ore industry. Rakesh Jhunjhunwala was convinced that there was a possibility of a very good growth and profitability for the company in the next year. This idea work and the stock came back to good fortunes in a short span. Rakesh Jhunjhunwla sold about 2-250,000 shares at Rs 60-65 and another 100,000 shares at Rs 150-175. The prices finally rose to Rs 2200 where he sold some more
In this instance the government regulation to keep the school safe is interfering with Rajiv’s fundamental freedom of conscience and religion stated in section 2 of the charter, and it is doing so unjustly. While the information given in the story was scarce, there were no reports of a Kirpan being used a weapon before, any problems with weapons, or any attempt to find an alternative instead of disallowing the Kirpan completely . In the case Multani v. Commission scolaire Marguerite-Bourgeoys The Supreme Court of Canada decided that the decision to prohibit the wearing of a Kirpan to be a violation of one’s fundamental freedom. This is important because a precedent has been set by the Supreme Court of Canada. After the Multani v. Commission scolaire Marguerite-Bourgeoys case the court decided that if that given the premise a student has not used the Kirpan as a weapon before, and sincerely believes that a metal Kirpan is essential in paying respects to their religion, it is within their rights to wear one. This important as it proves that the government regulation seized Rajiv’s Kir...
Shortly after Gould left for Wall Street he made a modest profit by shorting railroad stocks in the panic of 1857.He had made a modest and profitable investment. He then went long in several railroads, shortly after the panic and his timing prooved to be extremely accurate.
... rupees, in effect turning his economical condition upside down. In The Pursuit of Happyness, Chris Gardner’s enrollment into the brokerage training program and internship boost him to a full time job at the company. The job lets Gardner settle down and provides a stable base to start his own brokerage and his inevitable ascension to economic success.
“Bernie Madoff began investing in penny stocks in 1960, and due to his impressive work ethic, received several big breaks. The first of which was his father in-law loaning him $50,000 to invest, and soon after, Carl Shapiro, a man who made his fortune in women’s clothing gave Madoff $100,000 to invest on his behalf” (Collins 2011). With this kick-start, Bernie quickly began making a name for him, especially as he promised clients a guaranteed 20% annual return on investment. This, coupled with his firm’s adoption of the latest technology made them a tour-de-force in the investment world. But what makes his eventual downfall more interesting is that he was not just a crook, Madoff did manage a successful, and legitimate brokerage firm. To some extent, the credibility he earned from these legitimate busines...
In the year of 1620, there was a indian who killed a cowboy in a gunfight. His son, Johnny the cowboy was extremely irate so he went on a quest to find the indian to kill him. However, he had not known he was half blind so all the indians looked alike to him. He would always get into gunfights with the indians that he was notorious as “The Indian Killer” who killed all indians in his way. One day the exact victim he had been searching for was bragging he had killed his dad.
Charles Keating exceeded Mr. Lindner’s expectations, which persuaded Mr. Lindner to extend an offer to the forty-eight year-old lawyer a position with American Financial in 1972 as the executive vice-president. Under Lindner’s supervision at American Financial in the mid-1970’s, Keating found a resourceful strategy to raise money from the public without the interference of the Wall Street underwriters. The success of this strategy resulted from sharp decline in profits that Lindner’s company was experiencing. Keating’s success revolved around him raising fifty million dollars for American Financial from the public without using an underwriting syndicate.
During this period something known as the New York Stock Exchange arose that allowed even the most common person to invest in the huge corporations that ruled America’s industries. This market seemed very promising to many people and was growing faster than anyone could have imagined. In 1925 the value of all stocks in the NYSE were at about 27$ billion, but in only 4
“Fifty percent profit in forty-five days!” was the claim of Charles Ponzi. Ponzi was a purported financial wizard. In the summer of 1920, he ran an “investment company” in Boston. He claimed to reap great profits by trading postal reply coupons. Nonetheless, the investment scheme was a fraud. Ponzi was using investors' money to pay off earlier investors, while keeping some for himself. In the end, he had collected $9,500,000 from 10,000 investors.
His vision has managed to attract angel investor Ravi Mantha, who has taken Srikanth under his mentorship and with big name investors like Ratan Tata, Satish Reddy of Dr. Reddy's Laboratories and Srini Raju of Peepul Capital, Bollant Industries Pvt Ltd is well on its way to becoming an
After the HS Holdings incident when James contacted Ashok in India, then only he came to know about the reasons behind those low ratings. He realised that the meeting times were not perfectly suitable for the India...
In early 1928 the Dow Jones Average went from a low of 191 early in the year, to a high of 300 in December of 1928 and peaked at 381 in September of 1929. (1929…) It was anticipated that the increases in earnings and dividends would continue. (1929…) The price to earnings ratings rose from 10 to 12 to 20 and higher for the market’s favorite stocks. (1929…) Observers believed that stock market prices in the first 6 months of 1929 were high, while others saw them to be cheap. (1929…) On October 3rd, the Dow Jones Average began to drop, declining through the week of October 14th. (1929…)
A stock market is a place where stocks and bonds are regularly traded. The stock market plays an important role in the economy where the prices of the stock reflect upon the growth of the country’s economy. Companies who choose to list themselves in the stock market are known as public listed companies where their company assets are open for investment to the public. The stock market connects the buyer and seller where companies are in need of funds and investors are looking for a place to invest their money in. Investors who have invested money into the stocks of the public listed company are now shareholders of that company, where investors now own a part of the company. The purpose of investors investing their money into the stock market is for the financial return, also known as profits. If the company or firm makes a profit, shareholders will be rewarded with dividends however, if the company is making losses, shareholders will also be making a loss in their investment. The stock market prices are volatile where prices rise and fall on a daily basis therefore, investors who invests in the stock market should be aware of the risks involved.
When Bharti went public in 2002 with the India National stock exchange they raised $172 million and by the end of 2002 they raised over $1 billion through direct investments.