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

Punj Lloyd Q3 Net Loss at Rs 225.62 Crore (Part of Rakeh Jhunjhunwala Portfolio)

Punj Lloyd Ltd (Part of Rakeh Jhunjhunwala Holdings) has announced the Unaudited financial results for the quarter ended December 31, 2008. The Company has posted a net profit of Rs 893.30 million for the quarter ended December 31, 2008 as compared to Rs 391.60 million for the quarter ended December 31, 2007. Total Income has increased from Rs 12582.00 million for the quarter ended December 31, 2007 to Rs 18111.20 million for the quarter ended December 31, 2008.

The consolidated results for the Quarter ended December 31, 2008 - The Group has posted a net loss after minority interest and Share of Profits of Associates of Rs (2256.20) million for the quarter ended December 31, 2008 as compared to net profit after minority interest and Share of Profits of Associates of Rs 917.20 million for the quarter ended December 31, 2007. Total Income has increased from Rs 21629.30 million for the quarter ended December 31, 2007 to Rs 31436.80 million for the quarter ended December 31, 2008.

The stock closed the day at Rs.92.30, down by Rs.3 or 3.15%. The stock hit an intraday high of Rs.97.50 and low of Rs.91.15.

As per Dec 08 share holding pattern of the company, there is no change in the share holding of Rakesh Jhunjhunwala in Punj Lloyd. He continues to hold 5,040,000 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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