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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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Friday, March 12, 2010

Big bull picks up stake in Srei Infra

Maverick investor Rakesh Jhunjhunwala has picked up 12.5 lakh shares, or 1.07 per cent stake, in Kolkata-based non-banking finance company Srei Infrastructure Finance for about Rs 8.4 crore in two open market transactions.

The move comes on and after the budget day after the finance minister announced plans to provide banking licences to eligible NBFCs and also provide a thrust to infrastructure development.

As per the bulk deal data on the NSE, Jhunjhunwala’s wife Rekha Jhun-jhunwala had picked up 6.25 lakh shares each on Friday and Tuesday at Rs 65.11 and Rs 69.31a share, respectively. The sellers were not known. The shares had closed at Rs 64.50 on Friday, up 2.78 per cent, after the budget.

Jhunjhunwala, considered one of India’s most successful stock investors and dubbed by the media as India’s Warren Buffett, is known to make investments in companies in early stage and hold them for long durations.

The big bull’s investment in Srei Infrastructure came at a time when the company is planning to merge its unlisted arm Quippo Infrastructure, a deal that has been seen skeptically by some analysts and minority investors.

Ever since the announcement of the merger plan on January 28, the Srei stock has fallen 19.08 per cent till February 25, the day before the budget. The shares have gained 10.1 per cent in the last two sessions.

The company posted a consolidated net profit of Rs 44.20 crore in the third quarter of financial year 2010 compared with Rs 8.77 crore in the comparable period last year.

After the merger announcement, Prudential’s India Infrastructure Equity Open had sold its entire 1.67 per cent stake in Srei on January 29 in the open market for Rs 13.48 crore. “We are happy about Jhunjunwala picking up the stake and this is an endorsement of our future prospects,” Hemant Kanoria, chairman and managing director of Srei Infra, said.

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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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