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, June 27, 2010

Provogue India enters real estate

Provogue India, which one of the best known apparel brands of the country has forayed into the real estate sector of India. On Friday last, the company made this announcement. Partnering with Prozone enterprises the company has selected Aurangabad where it plans to develop real estate properties on an area of 300,000 sq. feet. Provogue India announced that it plans to start off with this project by October this year. According to the Managing Director of the company, Mr. Nikhil Chaturvedi, the said project will comprise residential properties along with malls.

The company also plans to start similar residential projects towards the end of 2010 in three more places namely Coimbatore, Nagpur and Indore. In addition, Provogue India will be setting up 75 countrywide stores in 2011 and for this purpose it will be investing about 35 crores.

Close on the heels of Provogue India’s initiative, a few other leading apparel brands of the country like Century textiles, Alok Industries and Bombay Dying are also planning to jump into the real estate bandwagon, thanks to the booming economy which has led to a healthy increase in land rates.

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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.

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