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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, April 9, 2010

Jhunjhunwala did the right thing by exiting Mid-Day: Udayan

Well-known investor, Rakesh Jhunjhunwala sold his 4.5% stake in multiple-media conglomerate Mid-Day Multimedia after reports made rounds of media firm Jagran Prakashan might pick up a stake in the company.

Udayan Mukherjee, Managing Editor of CNBC-TV18 believes it was the right move on the part of Jhunjhunwala of checking out of the stock.

Here is a verbatim transcript of Udayan Mukherjee’s comments on CNBC-TV18.

I think Rakesh Jhunjhunwala did the right thing by checking out of the stock. It was not a great investment—certainly not by his standards but generally too—it’s not one of the jewels in his portfolio.

Somebody thought the stock went up 12% because of some speculation and he checked out of the stock and dumped his entire quantity, which I think is the same thing to do because as we were discussing yesterday unless the current promoter of Mid Day gets out of the operation, hands over the stake to other media company, no great turnaround will happen in the fortunes of Mid Day from a business and financial stand point.

So you will get this sporadic excitement of who is coming in and who is going out but unless that deal is done in that entirety, I don’t see any great turnaround happening. It was the right thing, which the well-known investor did yesterday. He sold 4.5% but I don’t know whether Jagran Prakashan picked up that stock. If they did not and they are interested creating largish holding in the company then I am not even sure this will end in a big equity sale to Jagran in the first place, so you need to be a bit cautious about the newsflow too.

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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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