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.

If you subscribe to this blog with your email, you will get the post right in your INBOX moment it is posted on this blog. Do remember to activate the subscription in your email. GOOD LUCK.

Thursday, November 13, 2008

JB Chem plans Rs 150 cr investment


JB Chemicals and Pharmaceuticals Ltd (JBCPL) plans to invest Rs 150 crore in its pharmaceutical Special Economic Zone (SEZ) to be set up at Gujarat Industrial Development Corporation's (GIDC) industrial estate in Panoli.

The company expects investment to the tune of Rs 2,500-3,000 crore by various pharma companies in the SEZ spread over 325 acre land. The construction work for the SEZ is likely to start from March next year.

The company has roped in Singapore based CPG consultants to develop a master plan for its SEZ. The consultant will help in creating the designs such as landscaping, utility corridor, road network and other related infrastructure. The investment of Rs 150 crore will be made to provide basic infrastructure.

Company is optimistic about the prospects for the SEZ due to its strategic locations. "Our pharma SEZ enjoys proximity to chemical hubs of the state such as Bharuch, Ankleswhar and Dahej. Export route is also easily available from the SEZ thanks to nearby port of Dajej," said Kamlesh Udani, executive director of the company. The proposed SEZ is specially meant for production of finished pharmaceutical formulations, active pharmaceutical ingredients (APIs) and their intermediates. It will also provide a platform for activities related to research and development (R&D) and contract manufacturing.

Talks are on with some pharma companies to locate their units in the SEZ. The average size of plots for single project is expected to be around 10-70 acre. The company still awaits for notification by the Centre and expects the SEZ to be notified by the end of November.

Ongoing slowdown is not likely to have any impact on the likely investment in the SEZ.

Source

No comments:

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.

Website hit counters