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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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Wednesday, May 12, 2010

Provogue arm to launch three housing projects (Part of Rakesh Jhunjhunwala Portfolio)

Prozone Enterprises, a joint venture between Provogue India and UK’s Liberty International is planning to launch three residential projects in Indore, Nagpur and Coimbatore by the year-end.

The first phase of the housing project will span 34 acres across the three cities, said Salil Chaturvedi, deputy managing director, Provogue India. “We have done this to leverage our mall assets,” said Chaturvedi.

Prozone is set to launch a 570,000 sq-ft retail mall in Aurangabad in July and will also follow up its commercial launches in Nagpur and Coimbatore in the coming years.

He said there was an additional 400,000 sq-ft of land in Aurangabad, whose value was yet to be unlocked by the firm. The move is part of Provogue’s plan to diversify from its core apparel retail business and grow its sales, Chaturvedi added.

Chaturvedi said the developed value in the first phase of the residentail project at Indore was pegged at Rs 3.5 billion. Prozone, in which Provogue owns 75 per cent stake and Liberty International the rest, is talking to hospitality players to sale or lease part of its huge land bank. “Hospitality is very location based. You can’t partner with just one single player,” he added.

The total land bank under Prozone is around 150 acres, said Chaturvedi.

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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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