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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A wholly-owned subsidiary of Punj Lloyd Group, part of Rakesh Jhunjhunwala portfolio, (Sembawang Engineers and Constructors) has bagged three orders in Libya. The orders are worth Rs 5,904 crore for developing commercial and residential projects in the African country.
One of contracts is to develop Al-Mea'tega resort village on a 40-hectare site on the Mediterranean Coast in Tripoli.
Another project is for developing Al-Ghiran Village in Tripoli with a total built-up area o f 110,000 square metres.
The third project is for the construction of a 150-room five-star hotel.
Time scheduke for completion of Al-Mea'tega Resort Village by 2012 and Al-Ghiran Village and the hotel are scheduled for completion in 2011.
With these orders, the order backlog of the Group has gone up Rs 30, 436.35 crore.
As per Mar 09 shareholding pattern of Punj Lloyd (www.bseindia.com), Rakesh Jhunjhunwala continues to hold 5040000 shares of the company.
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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