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, January 30, 2009

BNP Raises Stake 
in Geojit to 34pc (Part of Rakesh jhunjhunwala Portfolio)

BNP Paribas, a European leader in global banking and financial services, increased its stake in Geojit Financial Services Ltd. (Part of Rakesh jhunjhunwala Holdings)— the joint venture partner of the UAE-based Barjeel Geojit Securities — to 34.33 per cent from its initial stake of 27.18 per cent in March 2007.

It would strengthen Geojit’s presence in the Gulf through new strategic business associations.

Geojit had allotted 13.9 million shares to BNP Paribas S.A. consequent to the exercise of warrants issued to the bank in March 2007 when the bank initially took a 27.18 per cent stake in Geojit Financial Services Ltd. The share allotment was done at a meeting of the Committee of the Board of Directors of Geojit last week.

Geojit, which has a network of over 500 branches and more than Rs5.4 billion in assets under management, first established its presence in the Gulf in the year 2001. This was the year when Geojit first entered the Gulf retail financial services market through Barjeel Geojit Securities, its joint venture with the Al Saud group in UAE with a license from Central Bank of UAE for international securities.

Currently, the company operates through its branches in Dubai, Abu Dhabi, Ras Al Khaimah, Sharjah and Muscat. New branches will shortly start in Fujairah and Al Ain.

Aloula Geojit Brokerage Company, Geojit’s other joint venture in the Gulf is with the Al Johar group in Saudi Arabia.

This joint venture in which Geojit is the single largest stakeholder recently started operations in the Saudi stock market after taking membership in Tadawul and getting approval from CMA. Geojit’s business association with the Bank of Bahrain and Kuwait provides the Bank’s NRI clients the opportunity to diversify their holdings through investments in the Indian stock market.

As per Dec 08 shareholding pattern of Geojit financial, Rakesh Jhunjhunwala continues to hold 18,000,000 shares.


1 comment:

aaendra said...

Thanks for the information!

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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