Rakesh Jhunjhunwala's Portfolio-September
Printed From: The Equity Desk
Category: Market Strategies
Forum Name: Buffet, Lynch and other legends - Investing Strategies
Forum Discription: DIscuss about the strategies followed by the great investors. Share an idea which would have impressed the masters. Try and bring their International experience into the Indian Markets.
URL: http://www.theequitydesk.com/forum/forum_posts.asp?TID=654
Printed Date: 07/May/2025 at 3:58am
Topic: Rakesh Jhunjhunwala's Portfolio-September
Posted By: basant
Subject: Rakesh Jhunjhunwala's Portfolio-September
Date Posted: 16/Dec/2006 at 9:21am
Colors in blue represent stocks where holdings have gone up and in red represent stocks where holdings have gone down.
Piquant Observations:
------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Replies:
Posted By: ashwin.adsouza
Date Posted: 16/Dec/2006 at 10:15am
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Rakesh seems to have more than tripled his investment in Zenotech Labs. Current holding is given below(source - from BSE website):
Not so sure if his previous quarter holding was 200K shares.
Can someone confirm this?
Also in other news Ranbaxy has teamed up with zenotech for Biotech range of products. Seems they have taken stake also in this company.
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Posted By: Kalyan
Date Posted: 17/Dec/2006 at 4:21pm
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Ashwin u are right firstly RJ is holding 4% later on QoQ he has sold .After Ranbaxy subscribed to pref .allotment @Rs 100 he has esclated his holding as in Praj after Vinod Khosla made investment @Rs 124 per share he bought 500000 shares. ------------- kalyan |
Posted By: kulman
Date Posted: 17/Dec/2006 at 6:00pm
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Under INFOMEDIA, his holding is down 14% due to share buy back from the company.
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: Ajith
Date Posted: 17/Dec/2006 at 10:39pm
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The most notable feature of RJ"s portfolio is the extremely low churning.In this he is like Warren Buffet and Bill Miller who has beaten the S&P for 15 years with a low churn rate. ------------- Ajith |
Posted By: xbox
Date Posted: 17/Dec/2006 at 4:50am
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RJ is grossly underweight on financial sector. He will not get time to regret once he realize it.
He is building on legacy. I don't see any convincing new ideas.
I know ppl will criticize me for my odd comment but he badly need new idea. ------------- Don't bet on pig after all bull & bear in circle. |
Posted By: Ajith
Date Posted: 17/Dec/2006 at 7:18am
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Exactly right.There are no signicant new ideas or themes.There is great conviction ,an abscence of frenzied greed just like Warren Buffet. I cannot but appreciate his strategy-so different. ------------- Ajith |
Posted By: investor
Date Posted: 17/Dec/2006 at 9:20am
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As per latest information available he has significantly
reduced his holding in almost all the companies. Maybe the crash in
July and its afteraffects was a reason for such reduction. There were
also rumours that Rakesh Jhunjhunwala was adversely affected by the
crash in June. ---------- Or maybe, he also(like so many ordinary retail investors) believes in the concept of partial profit booking!  BTW Basant, just out of curiosity, how do you get hold of his portfolio details every quarter? |
Posted By: prosperity
Date Posted: 17/Dec/2006 at 9:22am
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I differ.
Many times sticking to old ideas gives much higher profits than scouting/getting into new ideas ------------- |
Posted By: basant
Date Posted: 17/Dec/2006 at 10:17am
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I am in the camp of "prosperity". Lynch says that the best stock to buy could be the one you are actually owing.
Investor: This is all public information courtsey first google then exchange sites. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: investor
Date Posted: 17/Dec/2006 at 11:24am
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Yes, even i agree with prosperity and Basant. Even in the new year show on CNBC this year, RJ when asked for his picks said "the best stocks are the one you already hold, just hold on to them" |
Posted By: Ajith
Date Posted: 18/Dec/2006 at 1:15pm
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To look for" new ideas" as Bill Miller does as described in Nov 15 Fortune would be fascinating but then he has the likes of Rober Hagstrom('the Warren Buffet Way")to help him out. ------------- Ajith |
Posted By: tusharutuja
Date Posted: 18/Dec/2006 at 1:46pm
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basantji, i read a book on tax saving which states that its always better for HNIs to hold stocks and such assets through holding companies rather than as individuals...So if that's the case, then wouldn't RJ be doing the same thing? So the real possessions of RJ are probably out of public domain?? OR am i missing out something here.... |
Posted By: basant
Date Posted: 18/Dec/2006 at 1:53pm
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Nothimg that I am aware of but this is substantial 1500 crores maybe he is worth half a billion dollars in all - that is my take. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: s_praharaj
Date Posted: 18/Dec/2006 at 9:41pm
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There are many stocks in RJ's portfoio in which he has booked partial profit. I feel this is also a good strategy in which you also reduce your risk and you have enough liquidity at the same time for trying your ideas elsewhere. But he is not just selling a part of his stock blindly after it goes to a particular point. We have to find out, how he is deciding the point at which he is selling a part of his stock. ------------- Shashi Praharaj |
Posted By: Ajith
Date Posted: 18/Dec/2006 at 10:37pm
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Praharaj, We do not know the motive behind the share sale-perhaps it is for the property investments he is reported to have made.My reading is that the portfolio is by and large unchanged. ------------- Ajith |
Posted By: kulman
Date Posted: 26/Dec/2006 at 1:02pm
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`2007 will be year of consolidation and rise for the Indian markets' : Rakesh Jhunjhunwala
Source: Businessline - Dec. 25 - Bangalore Equities delivered superior returns over the long term. "Market is always right. Markets cannot be taught, they have to be learnt. "We must have an attitude where we must balance fear and greed," was the hot tip by Mr Rakesh Jhunjhunwala, India's high-profile investor and President of Rare Enterprises, when he spoke at a seminar on `Wealth creation through equity investments' organised by Welingkar Institute of Management here on Friday. Mr Jhunjhunwala spoke about his convictions that made a case for sustaining the India growth story. Equities, because of their efficiency in allocating capital and ability to leverage, generated superior returns when compared to other assets over the long term, he said. Since 1979, the Sensex has delivered 21 per cent returns compounded annual growth rate, which compares well with returns on funds managed by the legendary global investor Warren Buffet, he added. Opportunities Mr Jhunjhunwala said that enormous wealth was created over the last five years because opportunities in India have been manifold. There is a strong case for investing in equities considering its under-penetration today. He predicts the proportion of household savings to equity to rise to 15 per cent in 2011 from 4.5 per cent now as a result of which about $45 billion would flow into equity markets as against $6 billion now. He expects 2007 to be a year of consolidation and rise for the Indian markets. According to him, the Sensex may have a floor at 12,500 and a peak at 16,500 in 2007. Admitting that gains were going to be moderate in future unlike the manifold rise over the last few years, he advised investors to be realistic in their expectations. He said that markets were unlikely to peak unless they were trading at a multiple of 25-30 times forward earnings. They are currently trading at about 16 times their earnings for financial year 2008. Growth momentum Speaking on the strength in India's fundamentals, he elaborated on forces that would sustain the growth momentum. According to him, growth enablers (such as favourable demographics, higher base of skilled people and education base), liberalisation catalysts (such as competition), fall in interest rates, multiplier effect (on account of reforms), structural changes in quality of corporate earnings and micro trends (such as change in mindset of companies who are aspiring to become global) are likely to drive India's growth story to a higher level. He, however, cautioned that investors should not forget the four-letter word `Risk' while making investment decisions. "Patience may be tested, but conviction will be rewarded," he said. ------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: vip1
Date Posted: 26/Dec/2006 at 1:46pm
| "Patience may be tested, but conviction will be rewarded," he said. Golden words . |
Posted By: deveshkayal
Date Posted: 09/Jan/2007 at 12:46pm
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RJ turns bullish on KPO,buys Mumbai firm.He has bought majority ownership in Inventurus Knowledge Solution,a company that does back office work for US and UK based legal and healthcare firms,for an undisclosed sum. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: basant
Date Posted: 11/Jan/2007 at 9:44am
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I saw that RJ bought 40 lac shares of IFCI that is about Rs 8 crore worth of shares. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: monu_duggad
Date Posted: 13/Jan/2007 at 2:01pm
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yeah..rather he accumulated it during past 2 months..when stock was in the 11-12 range....already its at 22...cool 80 % ROI ------------- If you think you can,You Can |
Posted By: PrashantS
Date Posted: 13/Jan/2007 at 12:47pm
| I think he is really smart...he knows what he is doing.........not easy tomake money like him........... |
Posted By: kulman
Date Posted: 13/Jan/2007 at 9:16am
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Did I mention that one day we would see RJ on the TIMES cover....I think he's on the way to that fame..........here is http://users1.wsj.com/lmda/do/checkLogin?mg=wsj-users1&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB116864805190875808.html - one article in WSJ on him.
Indian Mogul Rises to Status Of Money Icon
Hunt for Undervalued Now Goes to the Mall; Like Warren Buffett
by Diya Gullapalli - Wall Street Journal - January 13, 2007
He is keen on the malls, and the consumer goods flying off the shelves there. There is "a big explosion of purchases in
He is a fixture on Indian television, talking up his bull-market views, and on the lecture circuit -- addressing groups like the "Millennium Mams," an organization targeting housewives who want to learn about business. He makes headlines when buying 2% of a company's shares, sits on 10 boards of directors, and regularly finds fellow investors chasing his stock picks.
His investments map the arc of
In this nation of castes and sometimes rigid tradition that can limit social and economic mobility, his is a relatively unusual story of self-created wealth. Today, he has amassed a $700 million fortune. While that pales in comparison with the real Buffetts of the world, it's a fortune in a country where average annual income is measured in hundreds of dollars. Mr. Buffett's fortune has been valued at more than $40 billion, though he is giving away big chunks of that to charity. Like Mr. Jhunjhunwala's colleague, Utpal Sheth, says they are pleased with the outcome of the case and found regulators "sensible and fair." Mr. Jhunjhunwala certainly isn't the only Indian investor to benefit from the run-up in local markets in recent years. Many other value investors there have also become famous for spotting cheap stocks. And last May, when the Bombay Stock Exchange's benchmark 30-stock Sensitive Index, or Sensex, plunged amid a sharp retreat in emerging-markets stocks world-wide, Mr. Jhunjhunwala's portfolio tumbled along with it. He endured another big hit just a few weeks ago, when a dramatic downturn in
"The market is on the weaker side today," Mr. Jhunjhunwala muttered -- an understatement -- sitting with his collared shirt untucked. As the day unfolded, he found time to eat an elaborate Indian lunch and chat with a friend about bringing a bottle of whiskey that weekend to his house in the hills outside of Mumbai, formerly
One of his best recent moves was selling part of his stake in Indian rating company Crisil Ltd. to McGraw-Hill Cos.' Standard & Poor's Corp. for more than four times what he bought it for. S&P acquired a majority stake in the company last year. These days he is buying land in the south
"In Mumbai, he's very widely known" as a "bit of a blunt guy," says Pradeep Dokania, head of the global private-client group for DSP Merrill Lynch. However, "sometimes people may feel he's overconfident" about the markets. So far, his optimism has paid off. The Sensex has quadrupled in the past five years, and such growth is attracting foreigners. In just the past week, New York Stock Exchange parent NYSE Group Inc. and others said that they are buying a stake in
And Mr. Jhunjhunwala is sticking to his guns. By 2010, he predicts
In a slide show that outlines his investment philosophies, he says: The bull market in
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: omshivaya
Date Posted: 14/Jan/2007 at 2:41pm
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Very very nice Bhaiyya jee. Ab thora sa help kar do ham small investos ko...apne kisi ek PE company ko public le aayo(partly maybe)...hame bhi khane do malai! Anyway, good luck Rakesh jee and yes great article kulman jee.------------- The most important quality for an investor is temperament,not intellect.A temperament that neither derives great pleasure from being with the crowd nor against it |
Posted By: basant
Date Posted: 22/Jan/2007 at 9:06pm
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Has anyone calculated thea average PE of the top 10 disclosed companies held by Rakesh Jhunjhunwala ? The average is close to 45 times trailing. This shows us that investing in high PE stocks is not always foolish as some experts make it out to be.The top 10 stocks held are:
NAGARJUNA CONSTRUCTION
LUPIN
TITAN INDUSTRIES PRAJ INDUSTRIES
CRISIL
PUNJ LOYD
BILCARE
PANTALOON RETAIL GEOJIT FINANCE
KARUR VYSYA ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: Gorden
Date Posted: 22/Jan/2007 at 10:18pm
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RJ has sold majority of his stake in Matrix Lab.
MP Laboratories (Mauritius) Ltd has aquired 71.46% stake in the company.
For details pls visit the following link
http://nseindia.com/marketinfo/companyinfo/online/takeover/online_takeover_71A.jsp?symbol=MATRIXLABS&desc=Reg+7+of+SEBI+%28Susbs+Acq+of+shares+%26+Takeovers%29&tstamp=220120071816&annexture=7%281%29&seq_id=2402 - http://nseindia.com/marketinfo/companyinfo/online/takeover/online_takeover_71A.jsp?symbol=MATRIXLABS&desc=Reg+7+of+SEBI+%28Susbs+Acq+of+shares+%26+Takeovers%29&tstamp=220120071816&annexture=7%281%29&seq_id=2402 &
------------- LIVE FAST DIE YOUNG & HAVE A MARKETABLE CORPSE |
Posted By: basant
Date Posted: 22/Jan/2007 at 10:29pm
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Very interesting. Matrix grew about 1000 times in the last 7 years. WOnder when he got into this one but he did make a real good solid multibagger out of this one. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: PrashantS
Date Posted: 22/Jan/2007 at 11:02pm
| But how does he see these things...........god only knows...may be we can have a movie on him...people around him will very rich............. |
Posted By: deveshkayal
Date Posted: 22/Jan/2007 at 8:27am
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RJ says 2007 will be the year of Titan.He is also bullish on Taneja Aerospace(ET) ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: basant
Date Posted: 22/Jan/2007 at 8:31am
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Manish Dave talked about Taneja a few months back. He also recommended it very strongly on this forum. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: deveshkayal
Date Posted: 24/Jan/2007 at 9:47am
Topsgrup, the 150-crore security solution provider plans to acquire a UK based security guarding co by mid-Feb. The co. is eyeing South Africa,Middle-east, Far East and US as other potential markets to expand its operation.The company will fund the acquisition through internal accruals and with the help of private equity investors. RJ has 16% stake in the company.The company is also coming out with an IPO in 2008-09. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: basant
Date Posted: 24/Jan/2007 at 10:12am
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Top class investor in a Top class company shall earn Top returns. WIth increasing number of business and commercial establishments with greater number of wealthy people insecurity is bound to be high - hence the demand for this particular business should grow exponentially. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: deveshkayal
Date Posted: 25/Jan/2007 at 11:48am
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RJ bhaiyya has been silently dumping IFCI for the last days and is continuously accumulating MTNL shares (ET). We have been discussing MTNL.May be due to IPTV he is buying or land bank. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: BubbleVision
Date Posted: 26/Jan/2007 at 12:15pm
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Last week (if i am not mistaken) ET had reported that RJ Bhaiya had been picking up IFCI...wonder what's going on. when in doubt stay out! ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: vip1
Date Posted: 26/Jan/2007 at 3:51pm
| Today's Eco times reports of the Big Bull getting out of IFCI . So better watch out! |
Posted By: basant
Date Posted: 26/Jan/2007 at 5:12pm
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When Bhaiya gets out there will be a heavy stampede! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: deveshkayal
Date Posted: 26/Jan/2007 at 11:24am
Bhaiyya is a trader and an investor.When he sees that one time gain has been priced in,he gets out. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: kulman
Date Posted: 28/Jan/2007 at 7:01am
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......I had the opportunity of listening to him .........
------------------------------------
For once I thought u had this golden opportunity! Great work though, Devesh jee. Thanks.
Btw, who's Haresh Bihani?
------------- Life can only be understood backwards—but it must be lived forwards |
Posted By: BubbleVision
Date Posted: 28/Jan/2007 at 9:22am
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Very good article Devesh... i really love his this advice...
Remember that is it important to “win the war despite losing many a battle”.
and
In trading, the first and the last principle is that trading is trend and price based, and not opinion based. This requires you to square an unfavorable trade regardless of your opinion. This means that if you buy a stock at Rs 100, and then the price falls to Rs 97, you take my loss and square off your trade. This is counter-intuitive to most people. This is the one common quality of all successful traders. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: BubbleVision
Date Posted: 28/Jan/2007 at 9:38am
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I Would also like to highlight a rather complex point written very simply --
Good trading requires three qualities: broad idea of direction, knowing what and how much to risk, and knowing when and how to take a loss. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: deveshkayal
Date Posted: 28/Jan/2007 at 11:13am
It would be my dream come true.How can i go to IIM Calcutta. Harish Bihani is soon going to join First Global (Shankar Sharma) i took that post from his blog.Like u Copy - Paste!!!
Off-topic: Bhaiyya has purchased a flat worth 25 crores from e-auction in Malabar Hill last year. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: nikhil090
Date Posted: 10/Feb/2007 at 9:02am
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RJ's Dec portfolio. Maybe Basant jee can do a much deeper analysis
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Posted By: manishkayal
Date Posted: 10/Feb/2007 at 10:33am
| Every Chartered Accountant Student has to go through Computer Training Course through an acredited institution one of them is SSI (division of Aptech). The fees is Rs 4000 exclusive of taxes.There are 3,50,000 CA students and increasing.Imagine the revenue they may be doing by this if u take a ballpark figure.I think the margin should be more than 50%. |
Posted By: deveshkayal
Date Posted: 11/Feb/2007 at 10:47pm
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Anuradha SenGupta: You have often and emphatically pointed out that there's a lot of research, a lot of data gathering and a lot of knowledge accumulation that goes into this business of yours. What do you read? Rakesh Jhunjhunwala: See, I read Economist and India Today, which I read cover to cover every week. In the Economist, I read the entire business section and the science and technology section. These are my constant reads. Then I read broker reports and go through balance sheets. From today onwards i will too start reading Economist
------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: basant
Date Posted: 11/Feb/2007 at 10:13am
That makes APtech a no brainer!!! ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: deveshkayal
Date Posted: 11/Feb/2007 at 10:25am
Basantji,can u give more clarity on this.Are u taking about stock. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: bullzi
Date Posted: 11/Feb/2007 at 10:25am
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It is down 11-12% today. Has anybody been tracking this stock? ------------- It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong - George Soros |
Posted By: Mohan
Date Posted: 12/Feb/2007 at 2:56am
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http://equityguru.blogspot.com/2007/02/rakesh-jhunjhunwala-portfolio-december.html - Rakesh Jhunjhunwala Portfolio December 2006
------------- Be fearful when others are greedy and be greedy when others are fearful. |
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Posted By: Siddhartha
Date Posted: 12/Feb/2007 at 3:30am
| Anybody knows, how to find Bhaiya's latest portfolio on bseindia webseite? Any how I am not getting it through Google search. |
Posted By: BubbleVision
Date Posted: 12/Feb/2007 at 5:29am
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Siddhartha -- check out the individual scripts shareholding pattern to know Bhaiya's holding. ------------- You can't make money if you are unwilling to lose...It's like willing to breathe in but not willing to breathe out. -- ED SEYKOTA ....Read Disclaimer! |
Posted By: basant
Date Posted: 12/Feb/2007 at 10:06am
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The latest shareholding pattern for ALL companies is not yet out will update it as soon as it is released. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: ashwin.adsouza
Date Posted: 15/Feb/2007 at 9:54pm
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@nikhil - The %'s quoted in the website seem to be the percentage owned by RJ in these companies equity capital.
Looking at the list, one question arises in my mind, why does he hold more than 25 stocks in his portfolio? Looks like he is not a great believer in concentration, but believes more in picking the stories early on.
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Posted By: nikhil090
Date Posted: 15/Feb/2007 at 10:05pm
| I think even though he is picking up 25 stock majority of his investment (value wise) is in top 5-7 companies.. I think he likes to watch and understand a company by being a part of it rather than just owning. On his great ideas, he puts much more money.. The analysis done earlier by Basant jee highlights this point. You can read earlier part of the thread.. |
Posted By: deveshkayal
Date Posted: 27/Feb/2007 at 9:22pm
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Rakesh Jhunjhunwala
On Investing: Its a factor of earnings and valuation.The market is looking good and I do not think P/E multiples are necessarily unsustainable.
On the Sensex: This will depend on earnings, which in turn, will depend on economic development and interest rates. To me, for the Sensex , 50,000 mark in 13 years appears pessimistic.
On Long-Term: I look at long term as atleast 3-7 years.
On Strategy: Always invest in the business model of any company. For me the reason for optimism is earnings growth drivers.
Source: Business Today ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: tigershark
Date Posted: 27/Feb/2007 at 9:42pm
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it appears that he has raised his stake in zenotech labs and viceroy hotelsand brought down in beml, nagarjuna. ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: mukesh
Date Posted: 02/Mar/2007 at 1:08pm
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BREAKING NEWS RJ sold 450,000 shares in Praj
------------- Life gives answers in three ways-It says YES and gives waht u want. It says NO and gives u something better. It says WAIt and gives you the best |
Posted By: deveshkayal
Date Posted: 02/Mar/2007 at 3:13pm
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I dont understand why he sold his stake.Basantji what did u make of this news. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: basant
Date Posted: 02/Mar/2007 at 3:29pm
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No idea really. ------------- 'The Thoughtful Investor: A Journey to Financial Freedom Through Stock Market Investing' - A Book on Equity Investing especially for Indian Investors. Book your copy now: www.thethoughtfulinvestor.in |
Posted By: investor
Date Posted: 02/Mar/2007 at 4:55pm
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I dont understand why this is being discussed so much. I mean, if he has exited his entire or a significant part of his holdings, then perhaps its merits a discussion. He has just sold a very small fraction of his holding, and still holds 10.97% of the equity(as compared to the prev holding of 11.51%) Maybe he just needed some small pocket money change for the holi celebrations!
------------- The market is a place where people with money meet people with experience. The people with experience get the money while people with money get experience! |
Posted By: tigershark
Date Posted: 02/Mar/2007 at 7:47pm
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yes yu r right investor why make 1% sale out of 11% such headline news maybe bhaiya had taken along position in the futures mkt bfore the budget ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: deveshkayal
Date Posted: 03/Mar/2007 at 8:41pm
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I thought he sold his entire stake in Praj. Its my mistake. ------------- "You don't need to be a rocket scientist. Investing is not a game where the guy with the 160 IQ beat the guy with a 130 IQ. Rationality is essential"- Warren Buffett |
Posted By: RAKESH
Date Posted: 07/Mar/2007 at 9:04pm
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BREAKING NEWS RJ sold 199950 shares in Praj
The Exchange has received the following disclosure under Regulation 13 (6) of SEBI (Prohibition of Insider Trading) Regulations, 1992:
SOURCE BSE SITE
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Posted By: RAKESH
Date Posted: 07/Mar/2007 at 9:06pm
| WHY IS HE SELLING HIS STAKE ANY IDEA........... |
Posted By: tigershark
Date Posted: 07/Mar/2007 at 9:39am
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he is not selling his stake he is reducing it ------------- understanding both the power of compound return and the difficulty getting it is the heart and soul of understanding a lot of things |
Posted By: Mohan
Date Posted: 08/Mar/2007 at 9:13pm
Maybe he is selling to make other people sell so that he can buy more  ------------- Be fearful when others are greedy and be greedy when others are fearful. |
Posted By: Gorden
Date Posted: 12/Mar/2007 at 10:24pm
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He has just sold 2 lakh shares out of his holding of 90 Lakhs shares in Praj. The stock has moved to almost double the price of his investments & still a long way to go. Ethanol story is yet to begin in India. So guys wait & watch ------------- LIVE FAST DIE YOUNG & HAVE A MARKETABLE CORPSE |
Posted By: Ajith
Date Posted: 12/Mar/2007 at 8:48am
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RJ is selling Praj because now everyone is talking about the immense potential of ethanol;it is a cool contra call -as cool as his decision to buy Praj when no one was looking at it..Also what happens to the ethanol story if oil prices decline? ------------- Ajith |