A man who lost Rs 318 crore in 10 minutes...!
Ace investor Rakesh Jhunjhunwala lost Rs 318 crore in just ten minutes on Friday. He suffered such a loss when a single company stock fell.
The stock market makes crores of profit in a matter of minutes. All that profit will evaporate in a minute! Investors can easily withstand such tides. This is because they have been investing for a long time. Day traders, however, find it very difficult to bear such losses.
The Shares of Titan Company began at Rs 2,336 on friday morning. In a matter of seconds, it touched Rs 2,283 at 9:25 am.
The stock lost up to Rs 73 per share. Of this, Rakesh owns 3,37,60,395 shares. His wife line has 95,40,575 shares. In total, the two together have 4,33,00,970 crore shares. At a loss of Rs 73 per share, his fortune fell by Rs 318 crore.
The stock market makes crores of profit in a matter of minutes. All that profit will evaporate in a minute! Investors can easily withstand such tides. This is because they have been investing for a long time. Day traders, however, find it very difficult to bear such losses.
The Shares of Titan Company began at Rs 2,336 on friday morning. In a matter of seconds, it touched Rs 2,283 at 9:25 am.
The stock lost up to Rs 73 per share. Of this, Rakesh owns 3,37,60,395 shares. His wife line has 95,40,575 shares. In total, the two together have 4,33,00,970 crore shares. At a loss of Rs 73 per share, his fortune fell by Rs 318 crore.