Rakesh Jhunjhunwala out of Infomedia18

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Rakesh Jhunjhunwala out of Infomedia18

In an interview with CNBC-TV18’s Managing Editor, Udayan Mukherjee, Rakesh Jhunjhunwala said, "I sold Infomedia 18 maybe with some loss."

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Excerpts from Closing Bell on CNBC-TV18 Watch the full show » ALSO READ See what other Experts & Brokerages are saying about Infomedia 18 See messages about Infomedia 18 Infomedia 18 BSE | NSE 30/05/12 Are Mutual Funds betting on Infomedia 18?

 has spoken about the good, bad and silly stocks of his portfolio.

In an interview with CNBC-TV18's Managing Editor, Udayan Mukherjee,Jhunjhunwala said that he exited Infomedia18 about six months back even at the cost of losing some money.

According to him even though the Infomedia18's positioning is good, but he has never managed to make money on it.

Jhunjhunwala said, " I sold it just about six months back. But if you look at the stats, special interest publication magazine with a market in America, leadership in yellow pages and I held the stock for at least for seven-eight years."

"Though I think it is in a good industry and has a good positioning, but I never made money," he regretted.

(Note: Web18, which owns Moneycontrol.com and Indiaearnings.com, belongs to the Network 18 Group).