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Posts Tagged ‘Mukesh Ambani’

Mukesh Ambani’s Goldmine

Tuesday, July 21, 2009 Leave a comment

Came across this interesting story about Mukesh Ambani and RTGIL. I wonder if this is equivalent of being unfair to RIL shareholders.At the same time, this man will surely retire as the most wealthy person on this planet.

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Categories: Trading Ideas Tags: ,

Mukesh Ambani's Goldmine

Tuesday, July 21, 2009 Leave a comment

Came across this interesting story about Mukesh Ambani and RTGIL. I wonder if this is equivalent of being unfair to RIL shareholders.At the same time, this man will surely retire as the most wealthy person on this planet.

Categories: Trading Ideas Tags: ,

Sensex kisses 20,000 -Mukesh Ambani becomes the richest man in the world!

Monday, October 29, 2007 10 comments

Sensex kissed 20,000 for the first time led by the rally in the capital goods stocks. Now didn’t I tell you that it is a good time to pick stocks because most of the people might be thinking of slowdown in FII flows and might be in a wait and watch situation. Now what would those guys be thinking? Will they dare to enter now?

One important thing to notice is that the breadth is getting narrower and very few stocks are participating in this uptrend. It will become more challenging to construct the portfolios with right stocks.

Tomorrow is RBI’s policy meeting and if market indicators are anything to go by, one might see a status quo on interest rates. All housing finance companies’ stocks were going through the roof and banking stocks were also trading firm.Has the market correctly read Mr. Reddy’s mind this time?

While writing to clients last week, I had talked of a 6000 level on NIFTY but I never expected the level to be reached in 2-3 trading sessions! Anyways markets are there to surprise you.

One good thing about this move is the lack of general euphoria as many people were kept waiting on the sidelines. Its tough to re enter markets if you have lost big time on sharp corrections.

First it was was the “pain of loss” and now they will feel the “pain of missing out”.

So just ride the trend till it bends! These are good times-make the most of it.

I am eagerly waiting for the day when Indian economy crosses the resistance level of 10% growth . One it crosses that, the growth trajectory shall alter.

One more thing- I used to tell my friends that in 5 years Mr. Mukesh Ambani shall be the richest person on earth. Who knew that he will reach that milestone in 5 weeks ?

Now all I can say is that gap between him and No. 2 shall be big in the coming years. Reliance has just started!