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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Saturday, January 24, 2009

JB Chemicals Q3 net rises 33.45% ( Part of Rakesh Jhunjhunwala Portfolio)

JB Chemicals & Pharmaceuticals ( Part of Rakesh Jhunjhunwala Portfolio) manufacturers of a wide range of innovative specialty medicines for the domestic and international markets, today disclosed a substantial rise in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the company rose 33.45% to Rs 142.40 million from Rs 106.71 million in the same quarter previous year.

Net sales for the quarter jumped 60.45% to Rs 2,230.54 million, while total income for the quarter jumped 51.94% to Rs 2,234.86 million, when compared with the prior year period.

The company posted earnings of Rs 1.69 a share during the quarter, registering 33.07% growth over prior year period.

During the quarter, the operating margin of the company increased by 758.05 basis points to 15.76% compared with the previous year period. Interest cost decreased 7.30% to Rs 35.55 million while depreciation cost rose 23.64% to Rs 51.25 million over previous year period.

Shares of the company gained Rs 0.25, or 0.68%, to settle at Rs 36.75. The total volume of shares traded was 169,919.00 at the BSE (Friday).

As per Dec 08 share holding pattern of JB Chemical, Rakesh Jhunjhunwala has increased his holding from 1,081,650 shares in the name of Jhunjhunwala Rakesh Radheshyam to 1,251,650 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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