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.

Friday, December 26, 2008

ICRA assigns `LAA-` rating to Titan Industries( Part of Rakesh Jhunjhunwala Portfolio )

Credit rating agency, ICRA has assigned an LAA- rating to the Rs 1 billion non convertible debenture (NCD) programme of Titan Industries (TIL) indicating high credit quality in the long term. ICRA has also reaffirmed the LAA- rating assigned to TIL`s Rs 528.3 million NCD programme, Rs 1.50 billion fund based limit and Rs 500 million term loan programme.

Further, ICRA has reaffirmed the A1+ rating assigned to the Rs 100 million commercial paper programme and the Rs 8 billion non fund based limit of TIL. The rating factors in the healthy sales growth in TIL`s wristwatches and jewellery divisions in 2007-08 and in the first half of the current fiscal and the company`s high financial flexibility given its modest debt levels and healthy cash accruals.

The ratings also continue to favourably factor in TIL`s strong parentage, its leading market position in both the watches and branded jewellery segments, wide product range, high quality products and extensive distribution and service network.

The ratings are however constrained by the possible slowdown in demand for wristwatches and branded jewellery in the near term due to a slowdown in the overall economy, intensifying competitive pressures in both the wristwatches and branded jewellery segments and consequent pressure on margins; high working-capital intensity of operations and TIL`s capital expenditure (capex) plans over the medium term.

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.

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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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