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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, May 28, 2010

Provogue's Prozone Enterprise (P) Ltd to spend $1 billion over next five year to build 50 Prozone shopping malls

Prozone Enterprises (P) Ltd, a wholly owned subsidiary of Provogue India, has charted plans to tap the potential in the business of mall development. Prozone Enterprises, a retail real estate development company, is targeting to build 50 Prozone shopping malls with an estimated investment of $1 billion over the next five years.

Prozone Enterprises is now developing more than 12 million sq. ft. of modern retail space in India, primarily in tier-II cities such as Raipur, Jaipur, Indore, Mysore and Aurangabad.

"We would be investing roughly $1 billion, which would be financed jointly with our development partners," said Prozone CEO, Mr Tim Eynon.

Earlier, Prozone entered into a joint venture agreement with the Omaxe Group to develop malls. "Each mall costs us around $40 million," Mr Eynon said, adding that the company was also in talks with other developers such as the Rustamji Group and Jaypee for other joint ventures. While the joint venture partner invests in the land, Prozone takes care of developing the mall, its design, architecture, leasing and property management, he added.

Further, the company also plans to roll out food and entertainment centres, branded `Zonz` in its upcoming malls and other malls. The company would invest roughly around Rs 50 crore in its outlets, for which, it plans to enter into revenue sharing model with its tenants.

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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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