Warren Buffett is undoubtedly the King of Share Market in the world and the most successful stock market investor in the world. He is consistently ranked among the top 10 richest people in the world and made the majority of his fortune by investing smartly in the stock market.
Warren Buffett is widely considered to be the most successful investor in history. Not only is he one of the richest men in the world, but he also has had the financial ear of numerous presidents and world leaders.
Rakesh Jhunjhunwala, also known as the 'big bull' or 'Indian Warren Buffett' was born on 5th July 1960 in Mumbai. His father was an Income tax officer. Rakesh Jhunjhunwala consistently used to hear his father discussing the stock market with his friends.
In terms of market capitalization, Reliance Industries, which is headed by Mukesh Ambani, is the number one company in India.
MCap or Market capitalization of a stock is calculated by multiplying the total number of shares outstanding of that particular stock with its current market price. ... This is the ranking of a company within its sector based on MCap or Market capitalization.
Jhunjhunwala bought 29,097,400 shares or 1.60 per cent stake in Canara Bank in the quarter gone by. His stake was valued at Rs 584 crore as of Wednesday's price.
He is a trader and also a chartered accountant. According to Forbes' Rich List, Jhunjhunwala is the 48th richest man in the country. He is the chairman of Hungama Media and Aptech and sits on the board of directors of firms such as - Viceroy Hotels, Concord Biotech, Provogue India and Geojit Financial Services.
Do you own? Rakesh Jhunjhunwala's net worth today witnessed a huge jump within a few minutes as one of his portfolio stocks Titan Company surged to its lifetime high of ₹2362 on NSE — logging 214.35 per share intraday gain.
Impact on Rakesh Jhunjhunwala's net worth
As Rakesh Jhunjhunwala and his wife holds 4,33,00,970 Titan Company shares and the stock has risen ₹355.70 apiece, rise in Rakesh Jhunjhunwala's net income from this stock in last 3 months is around ₹1540 crore ( ₹355.70 x 43300970).
Fractional shares are akin to the slices of a pie. A company's stock, owing to various reasons, can be split into several fractions and you can choose to purchase only one of these pieces of a whole share. ... But fractional investing allows you to buy the stock amount that's within your financial limitations.
Step 1: Open a Demat account and ensure that it is linked with a pre-existing bank account to carry out transactions smoothly. Step 2: Sign in to the Demat account via the mobile-based application or web platform. Step 3: Pick a stock that you want to invest in.