'Apne Bal Se Bulland Bana': Amul Pays Tribute To 'Big Bull' Rakesh Jhunjhunwala
Amul in its latest topical paid homage to the "Big Bull" of Dalal Street, Rakesh Jhunjhunwala, who passed away on August 14.
New Delhi: Amul Cooperation on Tuesday paid tribute to ace investor and stock market trader, Rakesh Jhunjhunwala, who passed away on August 14. Amul used its weekly topical illustration to bid adieu to "Big Bull". Amul's topical illustration portrayed Jhunjhunwala seated in his office enjoying and the caption, with wordplay on the market term 'bull', read: "Apne bal se bulland bana."
Jhunjhunwala often referred to as "India's Warren Buffett", wealth was pegged at $5.8 billion, as per Forbes. He started trading in the stock market in 1985 when he was in college.
BSE Sensex was around 150 points at the time, and he began investing with Rs 5,000 as capital. His first big win was Tata Tea, where he made a profit of Rs 5 lakh in 1986. He bought 5,000 shares of Tata Tea for Rs 43, which zoomed to Rs 143 apiece within just three months, more than tripling his invested money.
#Amul Topical: Tribute to the legendary big bull of India! pic.twitter.com/R4jsSxlu1v
— Amul.coop (@Amul_Coop) August 16, 2022
Born on July 5, 1960, to a Rajasthani family, Jhunjhunwala grew up in Bombay. His father worked as a commissioner of Income Tax. Jhunjhunwala graduated from Sydenham College and thereafter enrolled at the Institute of Chartered Accountants of India. He was a chartered accountant by education but chose Dalal Street instead of auditing accounts.
His portfolio included companies like Star Health, Titan, Rallis India, Escorts, Canara Bank, Indian Hotels Company, Agro Tech Foods, Nazara Technologies, and Tata Motors.
In total, he had a stake in 47 companies at the end of the June quarter. Titan, Star Health, Tata Motors, and Metro Brands were some of his largest holdings.
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