Economic TimesLean R·
Big Bull's magic: How Rakesh Jhunjhunwala turned Rs 1 crore into Rs 20 crore overnight after the 1989 budget
Ace investor Rakesh Jhunjhunwala, often remembered as the Big Bull of the Indian stock market, is widely known for his investment philosophy that will continue to inspire generations to come. Investors often remember how the Warren Buffett of India made 20x returns on a Rs 1 crore investment overnight after the 1989 Budget.In 1989, a thick cloud of anxiety hung over the Bombay Stock Exchange. The newly formed VP Singh’s government was preparing to present its first Union Budget under Finance Mi…
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