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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Friday, January 22, 2010

Has order book of Rs 800 cr: Praj Ind (Part of Rakesh Jhunjhunwala Portfolio)

Shashank Inamdar, MD, Praj Industries, says the company has an order book of Rs 800 crore in hand for the next 12 months.

He said the reason for the company posting lower revenue was due to prudent sales recognition.

Inamdar said he saw good traction in the next financial year.

Praj Q3 FY10 results (QoQ)

Net sales down 29% at Rs 147 cr vs. Rs 208 cr
PAT down 38% at Rs 29 cr vs. Rs 47 cr
OPMs at 22.3% vs. 21.5%
Operating profit down 27% at Rs 32.9 cr vs. Rs 44.8 cr

Praj and Novozyme announced a collaborative effort on advanced biofuels.

Co entered into an agreement with Eco Energy to provide consultancy in Ethiopia

Indian Govt working at revival of the mandatory blending of 5% ethanol with petrol

Ethanol production margins in USA and Europe improving During Q3FY10

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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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