Rakesh jhunjhunwala per day income

Coming to more recent news, while the world seems to have come to a standstill warranted by the ongoing coronavirus pandemic, Rakesh Jhunjhunwala added a total of Rs1,400 crore to his net worth, per Financial Express. But, here’s an ever more appalling fact. From just one company, the investor earned Rs 5.56 crore everyday since March 23. Intrigued? Find out how. Here’s how Rakesh Jhunjhunwala makes Rs 5.6 crore every day A key finding by the folks over at Business Today acquainted us with the fact and we breakdown how the investment maestro earned this extravagant amount. First, let’s meet the company whose shares enabled this climb in Rakesh Jhunjhunwala’s earnings – Escorts Ltd. According to their official website, they are one of India’s leading engineering companies for farming and construction equipment in the country. In September, they registered an 80.1 percent growth in their sales. Warranted by the sale of 7268 tractors as compared to 4035 in August. But, despite the drop in price Jhunjhunwala did not sell his shares. He held onto them. And, in September, this year, his investment reaped fruit. Thanks to the climb in sales (mentioned above) Escorts Ltd.’s stock was at an all-time high at Rs 1,233 crore. This meant that Rakesh Jhunjhunwala’s held shares amounted to Rs 1,222 crore. Which means in the 111 trading sessions from March 23 to September 2, his profit was Rs 620.26 crore. And when broken down to a day’s earnings, it can be calculated at Rs 5.56 crore, ac...

Rakesh Jhunjhunwala’s Daily Income Will Surprise You 21B7BF8D-4CAA-470F-914E-7D85FBF51E77 At www.thinkwithniche.com, you get small business ideas, startup and business blogs, trending world business news, and success tips that ensure sustainable growth and development of your business under one roof. News has emerged that Titan Company and Tata Motors have seen a massive shift in the trading session on Thursday.They have amassed crores and it's good news not only for the company but for its investors as well. Rakesh Jhunjhunwala, an investor who has stocks in both companies has reached a milestone in terms of revenue.He has earned a daily income of rupees 1125 crores after the stocks of Tata Motors and Titan reached profits never seen before. According to reports, along with Rakesh, his wife, Rekha Jhunjhunwala also has a major chunk of shares in the Titan Company, she has about 96,40,575 shares, while her husband is known to have 3,30,10,395 shares in the same company. All these significant developments in the stock market have been made in the first quarter of the year, Rakesh Jhunjhunwala also holds a staggering 3,77,50,000 shares in the Tata Motors company. After a conscious calculator of the stocks and shares held by Rakesh in both the companies, it has been reported that he managed to earn 965 crores from Titan and some 160 crores from the shares held in the automobile company, Tata. At the end of the day, we believe, Jhunjhunwala is a very smart investor and an even...

Rakesh Jhunjhunwala earned a mark-to-market profit of Rs 20.53 crore in just one day on his purchase of Zee Entertainment shares yesterday. Further, he is earning more from this stock with the uptrend continuing today. Rakesh Jhunjhunwala’s Rare Enterprises bought 50 lakh shares of Zee Entertainment Enterprises Ltd (ZEEL) at Rs 220.44 per share on Tuesday, 14 September in bulk deals. ZEEL stock ended at Rs 261.5 on Tuesday, earning a neat Rs 41 per share for Rakesh Jhunjhunwala, totalling to Rs 20.53 crore. Also read: ZEEL share extended yesterday’s rally, jumping another 12 per cent today to a fresh 52-week high of Rs 295.15 intraday. The share has rallied 34 per cent from Rakesh Jhunjhunwala’s purchase price. Rakesh Jhunjhunwala or Rare Enterprises name does not figure in the shareholding pattern as names of only those entities are shown that own over 1 per cent stake in the company. Nifty to break losing streak or give up 18,100? Check US stocks, Asian markets, FII activity, SGX Nifty, more Apart from Rare Enterprise, here are the other notable deals in ZEEL shares from yesterday: – BofA Securities Europe SA purchased 48.65 lakh shares of ZEEL at an average price of Rs 236.2 apiece – Jump Trading Financial India Pvt Ltd bought 1.02 crore shares at an average price of Rs 236.50 and sold at a price of Rs 236.66 apiece; – In another transaction, Mansi Shares & Stock Advisors lapped up 60.78 lakh shares at a price of Rs 233.8 and offloaded the same at Rs 233.69 per share; –...

Just in case you haven’t identified them properly 👇🏻 – The man who acquired the title of Big Bull even since Harshad Mehta lost it. The man who is referred to as India’s own Warren Buffet and the equity investor with the Midas touch. The man who was ranked 54th richest in India by Forbes in 2020. And the investor who ₹1,400 crore during the pandemic while the world was falling apart. Born to an Income Tax officer and a stock market enthusiast in a middle class family, Rakesh started dabbling in stocks while still in college. A chartered accountant by profession, he showed active interest in the stock market at the time when the Bombay Stock Exchange (BSE) was trading at around 150. Today, it trades somewhere around 40,000. Between 1986 and 1989 Rakesh earned ₹20-25 lakhs through investments in stocks. It was one of his biggest profits, till then. Now the poster boy of the Indian bull market he was once a bear in the Harshad Mehta days. Under the guidance of Radhakrishna Damani, he made a lot of money shorting stocks post-1992. He apparently also filled the void that Harshad Mehta’s arrest created in the stock market. Over the years, Jhunjhunwala successfully invested in Titan, CRISIL, Sesa Goa, Praj Industries, Aurobindo Pharma and NCC and emerged as the richest investor of our country. In one of his interviews with Today Rakesh runs his privately owned stock trading firm Rare Enterprises. Most of you might remember the news from 2017 when he earned more than ₹875 crore in...