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.

If you subscribe to this blog with your email, you will get the post right in your INBOX moment it is posted on this blog. Do remember to activate the subscription in your email. GOOD LUCK.

Sunday, May 30, 2010

Geojit BNP Paribas consolidated FY 2010 net profit at Rs 57 crores

At its meeting at Kochi on 28th May 2010, the Board of Directors of Geojit BNP Paribas Financial Services has approved the audited accounts for 2009-10 and proposed a dividend of 75 paise on the paid-up value of Re.1 per share for 2009-10. The company had given dividend of 50 paise per share for 2008-09.

For the financial year ended 31st March 2010, Company's consolidated revenues has grown by 58 percent from Rs.192 crore to Rs.304 crore. Consolidated PBT went up to Rs 77 crore from Rs 12 crore, while Consolidated Net Profit for the fiscal was Rs 46 crore as against Rs.2 lakhs. The company has also provided Rs 28 crore for taxes for the fiscal year 2009-10.

On a standalone basis, the gross income went up by 81 percent from Rs 159 crore to Rs 288 crore. The total cost went up by 48 percent from Rs 139 crore to Rs 206 crore. The Profit After Tax went up by 280 percent from Rs 15 crore to Rs 57 crore.

The Earnings Per Share (Diluted) for the fiscal year ended Mar.'10 (Apr.'09 to Mar.'10) on Re.1 per share is Rs 2.06.

Managing Director Mr.C.J.George said, "We have aggressive plans to grow our Portfolio Management Services (PMS) among high net worth resident individuals as well as non residents. For the month of April 2010 the NAV of our portfolio grew by 12.17 percent during the month when compared to Sensex decrease of 0.75 percent and CNX Nifty decrease of 0.22 percent. On a trailing 12 months basis, the portfolio increased by 124.92 percent vis-à-vis 53.97 percent increase in Sensex, and CNX Nifty increase of 51.97 percent. During the year, the Assets Under Management of Brokerage Services, Mutual Funds and Portfolio Management Services crossed the Rs 10,000 crore mark."

"Since the launch of FLIP(Financial Investment Platform), our online investment platform, we are seeing growth in volumes and clients via this channel. New features and products are being added as clients enjoy trading conveniently and efficiently on a secure advanced platform."

Just pay $1 to Claim $4,276 Internet System from world’s #1 internet wealth expert for one month. Limited Offer!
Over 55,000 satisfied customers worldwide!

1 comment:

Vani said...

just linked this article on my Facebook account. it’s a very interesting article for all.

flip books

DISCLAIMER

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.

Website hit counters