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Big Bull's magic: How Rakesh Jhunjhunwala turned Rs 1 crore into Rs 20 crore overnight after the 1989 budget

“In 1989, on Budget day, I had 1 crore and the next day I had 20 Crores.”“For Madhu Dhanwate’s Budget, people were so bearish. I knew VP Singh government won’t hurt the business community. He had reduced Tax rates and abolished estate tax.”- Rakesh Jhunjhunwala. Flame Uni. pic.twitter.com/UPMav783Zh Top Trending Stocks: SBI Share Price, Axis […]

By deepak · August 16, 2026 · 1 min read

“In 1989, on Budget day, I had 1 crore and the next day I had 20 Crores.”“For Madhu Dhanwate’s Budget, people were so bearish. I knew VP Singh government won’t hurt the business community. He had reduced Tax rates and abolished estate tax.”- Rakesh Jhunjhunwala. Flame Uni. pic.twitter.com/UPMav783Zh

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

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Source: Read the original article on economictimes.indiatimes.com