Rakesh Jhunjhunwala made his first profit of Rs. 5 lakhs in the stock market by trading in Tata Tea shares in 1986. He bought 5,000 shares of the company at Rs. 43 per share and sold them for Rs. 143 per share within 3 months.
This trade demonstrates Jhunjhunwala’s aggressive trading style and his willingness to take risks. He was also a strong believer in the Indian economy and its long-term growth potential. This belief led him to invest in many Indian companies that were undervalued at the time, and which have since become some of the largest and most successful companies in India.