The Big Bull of Indian Stock Market

They say that the market heroes whom you follow should not influence your buy-sell ideas. Why? Dependent on someone when it comes to buy and sell is equivalent to you welcoming havoc, which is what history teaches us. Back In the early 1990s, people followed the original Big Bull from Dalal Street, Harshad Mehta. Then in the late 90s Ketan Parekh came into the picture, and speaking of now, investors follow every buy-sell move, every stock spoken of, and every comment made by the likes of the bullish Rakesh Jhunjhunwala and Radhakishan Damani keenly and try to execute them in their stock world.

We all know what happened when Harshad Mehta was ruling BSE, a massive wreckage took place. In the 90s when the stock market badly needed someone to fill the vacuum created by Harshad, Ketan Parekh came to the rescue. Much like a horse race, every stock market needs a jockey to perform and the stockbroker Ketan Parekh knew how to turn flop shows into high performers at Dalal Street and that boosted his name and fame. But nothing is everlasting. In 2001 a payment crisis triggered and Ketan Parekh was proclaimed a rogue trader by SEBI. Thus, many investors got affected as well.

Prepare for losses. Losses are part and parcel of stock market investor life

– Rakesh Jhunjhunwala

Speaking of the current period, Mr. Rakesh Jhunjhunwala is called the ‘Demigod’ of the Stock Market. A single statement by him and a large population of investors are influenced. Rakesh Jhunjhunwala’s first-ever enormous profit was around Rs 0.5 million in 1986. He is a Big Bull who is also popularly known as the Indian Warren Buffet or the King of Dalal Street! Adding more names, he is widely known as the ‘Phoenix of the stock market’, Rakesh Jhujhunwala, started from an investment of Rs 5,000 in TATA Tea and earned riches of $3.1 billion.

Rakesh Jhunjhunwala has a portfolio of around 27 different stocks and the total value is about Rs. 20,700 crores. The person who started from square one with Rs. 5000 has now reached the sky of the stock market. His understanding of the market is unbeatable and it reflects in his track records of investments. His lessons on long-term investing are nothing but equivalent to gold for today’s investors.

Written by poorva_sharma

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