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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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Tuesday, January 13, 2009

Geojit crossed the 500 branch Mark and revenue down 45% in Q3( Part of Rakesh Jhunjhunwala Portfolio)

Geojit Financial Services (GFS) ( Part of Rakesh Jhunjhunwala holdings ) recorded a net profit of Rs 38.63 crore in Q3 of the current fiscal year on account of Rs 40 crore received from BNP Paribas for discounting the commodity business. The operating result for the period under review has a loss of Rs 4.84 crore.

For the nine months ended 31st December 2008, net profit stands at Rs.50.96 crore, a company press release said. The company’s consolidated revenue for the nine month period has fallen by 17.9% (from Rs.173.67 crore to Rs.142.58 crore) and the consolidated revenue for the quarter under review has fallen by 44.84% to Rs 44.62 crore from Rs.80.89 crore.

The poor performance in Q3 was on account of a decline in revenue as well as an increase in cost due to the opening of 100 new branches during the last one year which are yet to deliver profit. The joint venture in Saudi Arabia has started pilot operations and hence the share of expenses from inception to the tune of Rs.3.7 crore is consolidated in the third quarter which again had an adverse impact on the profitability.

The company crossed the 500 branch mark during last year.

The institutional joint venture with BNP Paribas, BNP Paribas Securities India Private Limited has started acquiring market share even in the current difficult times. The joint venture is yet to finalize its accounts for the period and hence it is not consolidated in this quarter.

However, on account of its first year operations, this joint venture company has estimated a loss of Rs.9 crore for the nine month period which will be consolidated in the annual accounts.

As per shareholding pattern of the company Sep 08, Rakesh Jhunjhunwala is holding 18,000,000 shares.

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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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