If you know about the stock market, then you have definitely heard about “Rakesh Jhunjhunwala”. For his expertise in the stock market, he has been named with many iconic names among stock market enthusiasts. Some people call him the Big Bull, and the Warren Buffett of India.
Recently, a little-known company Raghav Productivity Enhancers witnessed some crazy growth in its stock prices for the past few days. It looks like people are investing in the company stock heavily, making the company stock for a new high of 716.9 per share.
Everyone is a bit surprised that a little-known company is suddenly getting a lot of attention from investors. When looked closely the matter came to light why every investor is rushing to invest in this company. The reason behind this sudden surge is the Big Bull “Rakesh Jhunjhunwala”. If you are still clueless, read on.
The small cap metals and mining company Raghav Productivity Enhancers informed “something interesting” on a Sunday in an exchange filing on the BSE. The company informed that Indian ace investor Rakesh Jhunjhunwala will invest nearly 31 crores in the company. Later, the word quickly spread out in the market. And every investor and industry expert following the footsteps of the Big Bull started investing in the company stock. As a result, the company stocks have hit an all-time high of 716.9 per share.
For the past few months, Rakesh Jhunjhunwala has been very bullish about his investments in the metals space. Last month he bought PSU metal company Steel Authority of India (SAIL). Now he is all set to make a large investment in another metal and mining company. The company, Raghav Productivity Enhancers, is a part of a small-cap company.
The Warren Buffett of India is all set to buy up to 6,00,000 unsecured convertible debentures worth 31 crores. Over the past few years, the company has gained some impressive returns. The company has offered nearly 200 percent returns in the last year only. And it is looking forward to giving some great returns for its investors.
Rakesh Jhunjhunwala investing in the company means he has done all the work and made his decision. He made his decision with his years of experience and expertise, so it perfectly justifies everyone’s logic. As a result, many investors showed interest in the company stock.
Rakesh Jhunjhunwala started trading in the stock market in 1985. Since then he acquired many stocks and throughout his journey made great returns. All his returns made him one of the richest persons in India.
Most importantly, his major turning point was the investment that he made in the year 1986. When he invested in the Tata Teas, the stock price of the company tripled in just a span of three months. Which gave nearly 5 lakh profit for him tripling his invested money.
In the stock market, he has a lot of credibility and experience. Many investors follow his portfolio and investment strategies. His lessons and teachings about the stock market are widely popular from common people to Expert investors.
He also has been featured in Forbes Magazine as the 48th richest person in India. Coming from a middle-class family and becoming the Big Bull is an exciting journey that inspires millions. Even from the beginning, he has always been a risk-taker. Let’s see how the new stock will perform.
