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.

Wednesday, May 12, 2010

Srei Infra plans global fund (Part of Rakesh Jhunjhunwala Portfolio)

Kolkata-based Srei Infrastructure Finance is planning to launch a dedicated global fund with a corpus of minimum $500 million.

"We are looking for an international infrastructure fund with a corpus of minimum $500 million," Srei Chairman and Managing Director Hemant Kanoria said today.

Srei Joint Managing Director Saud Siddique said they would look for an anchor investor for the fund, before going ahead with aggressive roadshows. "We hope to take 10-15 per cent in this proposed fund," he said.

Srei had a few domestic infrastructure funds and accumulated assets under management at Rs 800 crore, before the redemption of about Rs 350 crore recently.

Speaking on the company's financial results, Kanoria said that the consolidated net profit for 2009-10 stood at Rs 155.86 crore, nearly 90 per cent over the previous fiscal.

The consolidated turnover was Rs 9,000 crore, of which Rs 6,000 crore was generated by Srei Equipment Finance and rest by parent company Srei Infrastructure.

In 2010-11, the company is aiming for a business of Rs 12,000 crore on a consolidated basis. Srei Infra's standalone net profit was Rs 111.49 crore, as against Rs 50.36 crore registered in 2008-09.

Kanoria said that the company has received five road projects, with equity interest varying from 10 to 49 per cent in respective consortiums. The total cost incurred for building 1,000 km of roads would be Rs 5,000 crore, he added.

Commenting on the proposed merger of Quippo with Srei, Kanoria said the process was on and would take eight-nine months to complete. "The net worth of the company will move up to Rs 2,500 crore from the current Rs 1,200 crore, and it will help us in leveraging to raise funds," he added.

Srei was planning to raise a debt of about Rs 8,000-9,000 crore during the current fiscal to meet its disbursement targets for the year.

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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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