»»06 INTERESTING FACTS STORY OF SHARE MARKET :
(1) The unique story of Rakesh Jhunjhunwala :
》Who does not know about Rakesh Jhunjhunwala, the ace player of the Indian stock market. Think of Rakesh Jhunjhunwala as the Warren Buffet of India. Once Rakesh ji's mother told him that why does he keep all his money in paper only. Why does no one ever invest in property etc.?
》Rakesh smiled hearing this. A few days later, Rakesh bought a flat in the expensive Malabar Hills area of Mumbai to fulfill his mother's wish. In 2004, the cost of this flat was 27 crores.
》Rakesh had sold the shares of Crisil worth 27 crores to buy this flat. After 11 years in 2015, Rakesh sold that flat for 48 crores. Profit was 21 crores.
》But you will be blown away by knowing that if Rakesh Crisil had not sold shares worth Rs 27 crore in 2004, then in 2015 the value of those shares would have been 700 crores, along with a separate dividend of 50 crores. At present, few crores does not matter for a veteran investor like Rakesh Jhunjhunwala, but from this incident you can get an idea of the power of investing.
(2) Stock market of India :
》About 5,689 companies are listed on the Bombay Stock Exchange of India, which is a world record.
》The first share to be invested in India was of Dutch East India Company.
》The first stock exchange in Asia is the Bombay Stock Exchange, established in 1875.
(3) Share of Eicher Motors :
(4) Crorepati or Roadpati from share market :
》If you had invested Rs 1 lakh in MRF Tires in the year 2001, then today its value would have been Rs 1 crore 31 lakh. In 2003, a share of Symphony coolers was worth 16 paise, whereas today the same share is worth Rs 1300.
》But there was not only profit in the share market, but there were also losses many times like a share of Educomp Solutions was worth Rs 1100 in 2008 but today its price has been reduced to Rs 2. The right decision at the right time and the strategy of keeping a close eye on the market is considered successful.
(5) Fear of stock market among Indians :
》India with a population of 138 crores has only 40 million demat accounts, most of which are not active. Only 3% of Indian households' savings are invested in the stock market. From this we can get an idea of how much Indians avoid taking risks.
(6) Movement in Satyam stock :
》Sometimes some event causes drastic changes in the share price. There is a 'profit-loss-profit' cycle going on in this. When the Satyam software scandal happened in 2009, its share price fell sharply. On January 10, 2009, the price of one share became Rs.11.50.