3 Money Mantras Of Rakesh Jhunjhunwala

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Over the years Rakesh Jhunjhunwala has come be known as a walking encyclopedia of investment. Such is the power of his name that the moment the news breaks that he has invested in any company the stock of that company shoots up several points. His words and opinions carry more weight than any economists or stock market experts. All those who are after quick buck keep searching for "Rakesh Jhunjhunwala Tips" or "Rakesh Jhunjhunwala stock advice" and end up getting all long-term investment options. But if your are looking for value investment advice, and if you look at investment as a long term phenomenon then there's a lot to learn from Rakesh Jhunkjhunwala's exemplary body of work.

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Manaksia Industries shares hit upper circuit after Q3 results :

Post news of acquiring two companies, Manaksia Industries rallied 5-6% in single session. Looking at the numbers, company is a small cap one with less clarity on the plans. Volume is too low to build trust. Frequently stock used to be in circuits which is bad sign as far as investor sentiments are concerned. Revenues are growing and expenses are on decreasing side which is good sign. But better to stay away till volume pick up stabilise.

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Allahabad Bank cuts lending rate by 0.85% :

Banks as well as non-banking finance companies are slashing lending rates. Allahabad Bank also joined the party here, by trimming lending rates by 0.85%. Post demonetisation, banks are pumped with enough capital and may not need to borrow much from RBI, instead banks are depositing more to RBI. Most of the banks have switched to MCLR as their benchmark lending rates, replacing base rate system for new borrowers.

Source- Multibagger Stock Ideas