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.
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Sunday, November 16, 2008

Nagarjuna Construction plans four UAE projects (Rakesh Jhunjhunwala is holding 2.73% and Rekha Jhunjhunwala is holding 4.26% shares of this company)


Nagarjuna Constructions yesterday said it is considering four projects in the UAE, which includes the construction of an academic institution in Dubai.

"We are actively considering about four new projects. One of them is the construction of an academic institution in Dubai, which is a turnkey project and the total construction value is still not finalised. But it could be around Dh200 million," said Majoe Mathew, the India-based company's General Manager for UAE operations.

Nagarjuna Construction is working on projects worth several billions in the GCC, mainly in Oman and the UAE and its international division currently has an order book of more than Dh3 billion comprising road projects, water pipelines and infrastructure projects.

Mathew told Emirates Business that developers are pausing to take a better analysis of the existing financial situation and its long-term impact before proceeding with new developments.

"Most of our projects are with the government departments. We are also a bit careful about what we are accepting. There is no point in taking up projects, which could get considerably delayed due to lack of funding," said Matthew.

According to him the cost of construction in the region has reduced during the last month. "Steel was bound to fall as prices had been artificially hiked. Now we are seeing a mild correction. Diesel has also fallen, thereby significantly reducing the construction cost.

"However, the impact is not visible as many developers, due to lack of credit, are unable to start work and make use of the opportunity that is available now," he added.

Meanwhile, Nagarjuna Constructions has become one of the seven firms that have pre-qualified for the contract to build one of the dams at Al Amerat Heights.

According to reports, the contract is expected to be awarded in February, following which construction work on the first of a series of dams at the Wadi Adai Flood Protection System is expected to start.

The other companies that have pre-qualified for the contract include Strabag OmanStrabag Oman, Sinohydro Corporation, Consolidated Contractors CompanyConsolidated Contractors Company, Galfar , Sambu Construction and SEW- CGGC.


As per Sep 08 share holding pattern of the company (
www.bseindia.com), Rakesh Jhunjhunwala is holding 6,250,000 shares and his wife Rekha Jhunjhunwala is holding 9,750,000 shares in Nagarjuna Construction

Source

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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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