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, March 12, 2010

Ice cream company (Vadilal Industries) faces weight issues

The authorities let Vadilal ice cream feel the heat for packing in 300 grams less than promised in their family pack.

The Legal Metrology Department (LMD) recently raided a Boisur Unit owned by the company on a tip off about a violation of the Standards of Weights and Measures Act.

The department seized ice cream worth Rs 13 lakh.

The family pack of 1,000 grams promises consumers 25 per cent extra ice cream.

An inspection after the raid revealed that there were only 950 grams of the frozen treat in the box.

A M Naik, deputy controller, LMD, Konkan Region said, “Following an anonymous call, a special squad raided the Boisar (Thane) based unit of Vadilal Ice cream on Tuesday.

“Our officers discovered that the company gave only 950 grams of ice-cream to the customers under the offer when each pack should have had 1,250 grams (1,000 grams + 25 grams).”

The officials have seized various flavours from the unit, including Butter-Scotch, Strawberry and Mango. The ice-cream consignment has been retained at the unit itself as it is a perishable product that requires cold storage.

Shailesh Gandhi, promoter of Vadilal Dairy International Ltd (VDIL) confirmed the raids. “I am not too clear about the purpose of the raid. We will try to rectify the mistake and follow the procedure,” he said.

“The offer was floated because of the approaching summer. Ice cream companies are on our priority list. We had recently raided cold drink companies too,” Naik said.

“We initiated action because we have been receiving calls from customers about less ice-cream in packets,” said Legal Metrology Department controller Ankush Dhanvijay.

“If customers have a complaint they should approach our department or login to,” he added.

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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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