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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Friday, December 5, 2008

Punj Lloyd Signs MoU With US-Based Thorium Power( Part of Rakesh Jhunjhunwala portfolio)

In a bid to explore nuclear fuel generation possiblities in the country, engineering and construction firm Punj Lloyd ( Rakesh Jhunjhunwala is also holding) has entered into an agreement with US-based Thorium Power.

With this, the two companies would be able to set up joint venture projects in the area of nuclear fuel in India and neighbouring regions.

While giving this information, Seth Gare, president and CEO, Thorium Power said, “We will explore full range of options available to both our companies in areas as diverse as marketing our non-proliferative fuel designs, providing advisory services to emerging national nuclear programmes and exploring development and investment opportunities in the nuclear industry.”

Speaking on this, Atul Punj (Chairman Punj Lloyd Group) said, “India has the second largest deposit of thorium in the world and the successful launch of the thorium technology will make India self reliant with its own fuel in the long run.”

Experts believe that the agreement will help the Indian company to expand its consulting activities for the development of nuclear power regionally or worldwide.

Punj Lloyd Group offers integrated design, engineering, procurement, construction and project management services for the energy, infrastructure and petrochemical sectors.

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

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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