Ashwani Gujral Facts About The Famous Stock Market Analyst!

Late Ashwani Gujral is a prominent stock market analyst from India who passed away on 27th February 2023. Well known for his expertise in technical analysis of equity markets, Gujral used to be a regular market commentator on leading business news channels such as CNBC-TV 18 and ET Now.

He has written several famous books such as ‘How to make money trading with charts’, ‘How to make money in intraday trading’ and ‘How to make money trading derivatives: An Insider’s Guide.’ With nearly 26 years of experience in the stock markets, Gujral had his own YouTube channel where he used to share his thoughts and tips on equities, derivatives, and futures, and options markets.

Family

Gujral lost his mother when he was a kid. The name of his father is not available in the public domain. However, on June 20th, 2022, Gujral tweeted the photo of a Glenlivet single malt scotch whisky with the caption ‘ My father’s day gift to my dad. Very lucky to still have him around and enjoying his drink’.

A gift card was attached to the bottle with the words ‘ Happy Father’s Day’ from Anubha and Ashwini. Ashwini’s wife’s name is Anubha Dayal Gujral and the couple got married on 1st January 1998. As per her Facebook profile, she works as Director, Social media manager at Ashwani Gujral’s Facebook page.

Education

As per his LinkedIn profile, in 1989, Gujral joined the Manipal Institute of Technology for pursuing his B.E., Electronics & Communication course. After completing his engineering degree in 1993, in the same year, he enrolled at Georgetown University in Washington DC for MBA, Finance. In 1995, he completed the two-year course.   

Controversies

In 2011, the Securities and Exchange Board of India (Sebi) was considering taking action against Ashwani Gujral Investment and Portfolio Management Pvt Ltd (AGIPM), the firm run by Gujral. Apparently, AGIPM had been providing portfolio management services (PMS) without taking prior approval from SEBI. The initial investigation by the market regulator revealed that AGIPM was offering various investment schemes ranging from ‘Managed Future Service’ to ‘Managed Nifty Options Service’ and others, which, according to Sebi, fall under the category of PMS.

As per sources, SEBI was also checking whether AGIPM had violated Sebi (Stock Brokers and Sub Brokers) Regulations. The firm had invited funds from investors by mentioning on its website “We have a franchisee of a reputed brokerage house.” According to SEBI rules, only those sub-brokers registered with the market regulator can work on behalf of a stockbroker as an agent for providing assistance to the investors in buying, selling, or dealing with securities via such stockbrokers.

Profession

After completing his MBA, Gujral worked as an employee with an organization for just a few months. In 1997, he began his career in stock trading. During the initial days of his career, Gujral suffered huge losses and lost almost everything.

He was in dire need of money to raise capital and had to sell his only asset, the ancestral house. In spite of suffering major setbacks, Gujral never thought of going back to a job. He continued with stock trading and grew as one of the leading stock traders in the country.

Source Of Income

Reportedly, Gujrals’s net worth as of 2023 stood at Rs.50 crores or USD 2 million. His major source of income was from the role of stock market commentator in major business channels and other advisory services.

Lesser Known Facts About Ashwani Gujral

• Gujral used to be a hardcore foodie.

• He was quite crazy about cars and once he bought the most expensive version of BMW out of his weekly profits. However, at Saket, the place where he used to stay those days, the parking space was not sufficient. Thus he shifted to Chhatarpur and rented a farmhouse for an astronomical sum so that he could park all his cars.

• He always used to believe that the Indian educational system is designed in such a way that it molds toppers to join a 9 to 5 job instead of making them entrepreneurs.  

• Unlike the other geeky stock market analysts who appear in minimal formals, Gujral stood out with his signature fancy suspender shirts & bow ties.

• He used to believe in the principle of being the master of one trade rather than being the jack of all trades.

• When his pet dog Mojito turned 7, Gujral shared his photo on Instagram along with the picture of the birthday cake.

• He used to change his views on stock market positions quite often. Once a viewer took a dig at Gujral by collating all of his views in one video with the comment that it was Gujral’s views in a single day and not even a month. Gujral sharply responded to this video by stating that that person was a fool to make a video of his wrong calls. He went on to say that on that particular day, he made the highest profit ever on a single day. 

• In December 2017, he shared a photo on Facebook where he is seen planting seeds at his alma mater, Manipal Institute of Technology along with Dr. GK Prabhu, President, of Manipal University Jaipur.

• He was hugely influenced by celebrities such as Amitabh Bachchan, Imran Khan, and Virender Sehwag.

• A few days before his demise, Gujral had predicted the current leg of decline in Indian stock markets. In the video posted on February 22, he said that the reason for the current correction was synchronized global selling caused by higher interest rate forecasts in the midst of a global slowdown.

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