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

More Eye+ stores this fiscal: Titan Industries Ltd

Titan Industries Limted (TIL), a Tata group company, plans to raise its Titan Eye+ showroom count in the city to seven by this fiscal in a bid to boost sales in the eyewear market. TIL feels more stores will boost sales in the highly unorganised eyewear market in Kolkata, now largely dominated by the small local wholesaler optic stores found in dozens in Bowbazar and Canning street, said Krishanu Moitra, eastern regional manager of TIL.

The company set up its first Kolkata store this August and at present has theee stores in Kolkata, at Mani Square, Shopper's Stop and Camac Street. More stores will follow at Elgin road and CIT road, cutting across all segments of the population, with products priced between Rs 350 to Rs 10000. TIL would be targetting malls too, he added.

Although he refused to disclose investments, Moitra pointed out that Kolkata and the eastern region taken together represented roughly 20 per cent of the total eyewear market in India. Estimated to be worth close to Rs 250-300 crore, it was largely untapped and unorganised. The total eyewear market in India was around Rs 1500 approximately.

The company aimed to open franchise stores in Jharkhand and Orissa within this fiscal. TIL's aimed to capture the market both in metros and tier II and tier III towns, said Moitra. TIL would be targetting malls besides standalone stores at various locations across all segments, he added.

Existing showrooms had been doing well in the last four months, said Moitra. Kolkata and Guwahati were the main Titan Eye+ markets in the East. Stores in Kolkata were between 600 and 1500 square feet, smaller compared to those in Bangalore and Mumbai. Sales shot up in Kolkata in the last four months by around 50 per cent, claimed Moitra.

There was good demand for international brands apart from the home brand 'Dash', popular with both price conscious consumers and brand conscious consumers. TIL would be looking at building a dedicated customer base in East through its 12 stores with 20-22 per cent of national eyewear sales from the region, said Moitra. Titan was aiming at 25-30 per cent eye wear market share by 2010 through its 200 stores all over India.

The Rs 1500 crore eye wear market was growing at 15 per cent.

As per Sep 08 shareholding of the Titan Industries, Rakesh Jhunjhunwala is holding 2,581,062 shares of Titan Industries in the name of Jhunjhunwala Rakesh Radheshyam,


No comments:


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