The self made billionaire in stock market i.e. Rakesh Jhunjhunwala owes his success to Tatas as this is the group which helped him to become a Crorepati from the stock market.
When we analyse the data way back in History we find that he made his first big profit by borrowing what in 1986 was a sizeable sum to buy 5,000 shares in Tata Tea, confident that the markets had under-estimated the potential of a company looking to grow at a time of rising yield production. He trebled his money within months.
Rakesh Jhunjhunwala admitted about his investment in Tatatea and stated that he was apprehensive, but he quickly adds that if you don’t have confidence, you shouldn’t come to the stock market. You have to risk.
Thereafter the lion tasted blood and he undertook better and bigger investments like he bet big on iron ore exporter Sesa Goa (SESA.NS). He bought the stock at 60-65 rupees each and sold at 2,200 rupees. This is the phenomenal kind of return he achieved and we are also not a step behind as we also made a neat fortune with our Multibagger as it was also like hitting a gold mine.
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