NEW DELHI: Describing the late ‘Big Bull’ as a “yaaron ka yaar” (friends of friends), veteran investor Raamdeo Agrawal today said Rakesh Jhunjhunwala had a sixth sense of how to find bargains in the stock market.
“Rakesh-Yaron ka yar, deshbhakt, philanthropist. Man with 6th sense about stock bargains, terrific sense of humour, always planning the next big party,” Agrawal, chairman and co-founder of
group, tweeted.
He said he will miss his ‘Teji Le phataphat (buy the momentum quickly) & ‘bangdi’ bech ke share kharido’ (buying stocks by selling even bangles) attitude. “You will always live in peoples’ hearts.”
Rakesh-Yaron ka yar,deshbhakt,philanthropist. Man with 6th sense about stock bargains,terrific sense of humour,alwa… https://t.co/R1cY52Y06x
— Raamdeo Agrawal (@Raamdeo) 1660461489000
The ace trader-cum-investor had once said that he would even sell his wife’s bangles to buy stocks that were trading really cheap.
“Great Eastern was available at 12% yield, at half book value and one-third fleet value at 12% yield. Standard Chartered would give you money at 9%. I would sell my wife’s bangles and buy a Great Eastern. So there have been occasions when markets give you extreme opportunities,” he had once said.
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