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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Tuesday, January 20, 2009

Geometric Result ( Part of Rakesh Jhunjhunwala Portfolio)

Geometric Ltd's ( Part of Rakesh Jhunjhunwala Holdings) operating revenue has increased 31 6 per cent year on year and 69 per cent sequentially to Rs 1,630.78 million ($33.31 million).

The operating profit of the company more than tripled to Rs 242 million compared to the operatIng profit of Rs.75.59 million inQ3 FY08. In sequential terms, the operating profit increased 76.7 per cent from Rs.136.46 million in Q2EYO9.

The company reported a decline in PAT (before prior period adustments) from Rs.47.16 million to Rs.18.27 million sequentially on account of foreign exchange losses of Rs.189.32 million, including a provision on Rs.21.97 million towards possible future currency losss.

Geometric is a leading provider of Engineering Services and Product Lifecycle Management (PLM) solutions and technologies.

Shares of the company were down 4 per cent at Rs 19.35 on the NSE.

Rakesh Jhunjhunwala added 6,80,000 shares of Geometric in Dec 08 Qtr. 4,80,000 shares were added in the name of Jhunjhunwala Rakesh Radheshyam and 2,00,000 shares were added in the name of his wife, Rekha Jhunjhunwala. Now his total holding in Geometric Ltd goes up to 38,65,000 shares.

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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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