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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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Monday, February 8, 2010

`Buy` Viceroy Hotels, target Rs 52: ICICIdirect

ICICIdirect has recommended a `Buy` on Viceroy Hotels with a price target of Rs 52 in its report dated Feb. 8, 2010.

The broking house said, Viceroy Hotels came out with lower-than-expected Q3FY10 numbers. The company reported net sales of Rs 238 million, down 16.1% YoY, up 13.2% QoQ as against our expected net sales of Rs 251 million. The quarterly growth in revenues was lower compared with other peer companies mainly on account of the ongoing Telangana issue, which resulted in a revenue loss of Rs 35 million for the quarter. Margins were impacted by lower-than-expected growth in revenues and rise in operating costs. However, QoQ it grew by 230 bps to 31.1%. Net profit for the quarter stood at Rs 24 million as against Rs 16 million last year and Rs 3 million last quarters.

The broking house pointed out at the CMP of Rs 43.6, the stock is trading at 20.5 times its FY11E and 12.1 times it`s EV/EBITDA, respectively. Going forward, we expect it to benefit from easing liquidity concerns and improving outlook for the hotel industry coupled with additions of new five star hotels in Chennai and Bangalore. However, the Telangana issue remains a short-term concern. The broking house have valued the stock on an NAV basis and arrived at a target price of Rs 52 per share. Based on this, we are upgrading our rating from ADD to Buy.

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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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