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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It is needless to say that if
Rakesh Jhunjhunwala is invested in the company (
JB Chemicals and Pharmaceuticals), the future prospects of the company must be very bright but let us see the present performance of the company.
Net Sales for first three quarters in 2007-08 was Rs 406.658 crores as compared to Rs 574.042 crores in the first three quarters of 2008-09 i.e.
the Net Sales is up 41%.Net profit for first three quarters of 2007-08 was Rs 41.646 crores as compared to Rs 66.352 crores in the first three quarters of 2008-09 i.e.
the Net Profit is up 59.3%.Technically it has youched a low of about Rs 29 and now trading very close to the support of Rs 37. Long term investors may consider taking a position at this point of time. From the chart below it looks as if downside risk is very little and the chart is likely to reverse upwards after consolidating at these levels for few months.Download your free e -Book " SCIENCE OF GETTING RICH"
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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