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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Thursday, May 6, 2010

Rallis India a buy: Geojit BNP Paribas Financial Services

Gaurang Shah, Asst VP, Geojit BNP Paribas Financial Services, in a chat with ET Now talks about Rallis India.

Rallis is in some areas which have been very popular like seeds, agrochemicals, fertilisers, contract services to people like Bayer, Syngenta, Cheminova. Do you think there is an uptick of a revaluation of this entire group because that is where the private equity money is moving in?

When we initially came out of the buy report, Rallis was hovering around 650-700. Post that, our initial targets were around about 1200. Of course this was before we saw the performance of Rallis and the newer contracts that it has entered into with the MNC companies. Later on, we also heard that the project at Dahej where they are planning a capex and could possibly be on stream by July 2010.

Given the fact and of course with the business model, the market share, the presence of its products and the focus as far as the agri business goes going forward and if monsoon is going to be somewhere around 98% or about that, definitely there is going to be tremendous demand. So from that point of view, we have again reiterated a buy over there and we have upgraded the stock with a price target of around about 17.52. This could be around about 6 months to 12 months.

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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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