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Amul Pays Homage To Rakesh Jhunjhunwala By Its Drawing

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Amul Pays Homage To Rakesh Jhunjhunwala By Its Drawing
17 Aug 2022
min read

News Synopsis

Rakesh Jhunjhunwala, a wealthy trader, passing away has been a significant setback for the Indian stock markets. His life's mottos and beliefs have served as a beacon of light for many people, not only the traders. The dairy cooperative Amul pays homage to the dominant bull of the Indian stock markets with its timeless and well-liked series of drawings

Since the 1990s, Amul topicals have gained popularity for their innovative message delivery. Rakesh Jhunjhunwala appeared in the most recent Amul Topical waiving his hand and sitting on a chair. The bull next to him, grinning, was an example of his skill in determining the stock that would increase in value in the future. The remark, "Apne bal se bulland bana," denoted his introduction into the market with a pitiful sum of Rs. 5000, which enabled him to independently amass an empire worth $5.8 billion. 

On August 14, Rakesh Jhunjhunwala passed away from kidney disease. For a very long time, the business tycoon had diabetes and its complications. Following his graduation from Sydenham College of Commerce, the business tycoon began his profession. He made a profit of 5 lakh rupees on his initial investment of 5000 rupees. Rakesh made a profit of 12,900% on his shares of Titan Company in 2002, making it one of his most successful investments. 

Rakesh continues to provide strategic counsel and mantras to thousands of stock market traders and investors even after his passing. Additionally, market observers are paying particular attention to how his shares in firms like Aptech, Titan, Tata, Akasa, Crisil, etc. are performing.

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