Please read the DISCLAIMER at the bottom of the blog.

Rakesh Jhunjhunwala is considered to be the greatest investor in Indian Market. He is supposed to have made Rs 5000 crores by just investing Rs 5000 in Indian Stock Market. Rakesh Jhunjhunwala guru mantra to be successful in stock market is as enumerated below:

(a) He advises people to become interested in a stock when none is interested in the same stock. As per him BUY RIGHT & HOLD TIGHT for years to come. He has been holding few stocks for last 10 years and he is still minting money from those stocks.

(b) He further advises that one should not follow big investors blindly as their risk profile and long term goals with time frame may be difficult to be followed by retail investor.

(c) Market is supreme and every thing is reflected in the price and thus their is no point in fighting the trend as market is always right.

(d) One should be able to create a balance between the fear and greed.

(e) As per his words one has to learn the stock market trading as none can teach the market as stock market experience is the best teacher.

Thus follow Rakesh Jhunjhunwala advice in stock market, BE PATIENT and grow big like Warren Buffet or this iconic man from Dalaal Street.

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Monday, November 24, 2008

Citi Bank is holding 2.56% shares of Punl Lloyd (Punj Lloyd is a part of Rakesh Jhunjhunwala portfolio )


US government has announced its $20 bn bailout and a safety net for Citigroup ( Which is holding Punj Lloyd and Rakesh Jhunjhunwala is also holding the same). This has helped push its stock to 6 dollars. This is good news for Citi, US and the global economy. Citigroup and Boeing are the flagship companies of America and its face to the rest of the world. There are few other companies which can be called as symbols of America. But they would be from IT sector (Google, Microsoft, Intel, IBM etc..).

Citibank is an American bank and if US government has helped it then what’s the big deal? There were 22 banks which were failed and there are few other which were helped. It’s business as usual, as far as I am concerned. We can stop at that. But, if we look further Citibank has vested interests in the Indian stock market.

Citibank holds close to $1.4 billion worth of Indian stocks. If there was a liquidity pressure (I bet there is), these stocks would be on their priority list. Not all the stocks are direct holdings as they were sold to their clients and funds via participatory notes. But that does not mean that these stocks were not under pressure.

If the bank wasn’t bailed out now, there would have been severe pressure on few select stocks and Sensex as a whole. Citibank holds 11.76% stake in home loan provider HDFC. 12.42 % stake in KS Oils and several others. It has holdings in 67 companies.

The top 5 holdings of Citibank by market value :

HDFC (11.76% or 4658 crores)
Educomp Solutions (5.48% or 168 crores)
KS Oils (12.42% or 161 crores)
Shriram Transport Finance (3.84% or 152 crores)
Punj Lloyd (2.56% or 116 crores)

Indian stocks might not be out of the woods yet. The mayhem is either delayed or deferred. It is bound to happen. But, not on the scale which is detrimental to the economy but on a scale which serves as lesson for the markets and the investors.

As per Sep 08 share holding pattern of the company, Rakesh jhunjhunwala is holding 5,040,000 shares

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DISCLAIMER

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.

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