Happy Birthday Rakesh Jhunjhunwala! Here’s how Big Bull became ‘Father’ of stock market

Jhunjhunwala is a great investor as well as a trader. He sometimes jokes that trading is a bad habit he can't break.

With his current business, Akasa Airlines, the ace investor is also the most recent entrance in the aviation market. It is expected to begin operations by the end of this month. On June 21, it received its first Boeing 737 Max aircraft in India and planned to conduct proving flights this week.

 

Rakesh Radheshyam Jhunjhunwala married Rekha Jhunjhunwala, a stock market investor, in 1987. Rakesh Jhunjhunwala founded his own stock trading firm, RARE Enterprises, in 2003. The name is derived from the first two letters of his and his wife Rekha's names — 'Ra' from Rakesh and 'Re' from Rekha.

 

Rakesh Jhunjhunwala was a bear during the Harshad Mehta era, and he made money by shorting equities after the Harshad Mehta Scam in 1992. Big Bull acknowledged in a video interview that he made a lot of money short selling as part of the bear cartel. 

 

According to Trendlyne statistics, these equities include Titan Company, Tata Motors, Star Health and Allied Insurance Company, Metro Brands, Fortis Healthcare, Nazara Technologies, Federal Bank, Delta Corp, DB Realty, and Tata Communications.

According to the most recent corporate shareholdings filing, Rakesh Jhunjhunwala and associates own 33 stocks valued around Rs 25,842.3 crore.

 

From his humble beginnings in 1985 to his $4.9 billion net worth, he has always been bullish on India's growth story, earning the label of India's Big Bull.