27th Jun 2018 | 11:29 AM IST

Rakesh Jhunjhunwala Stock Available For Below Rs 100! May Gain 50%

The ace investor Rakesh Jhunjhunwala is one of the most popular persons on the subject of making an investment and getting the stock markets direction. Rakesh Jhunjhunwala owns a bunch of equity stocks of several companies in commanding extra than 1% of the whole paid-up capital. Rakesh Jhunjhunwala has as soon as stated that “Give your investments time to mature. Be Patient for the World to discover your gems.�

There is a stock in which Rakesh Jhunjhunwala owns nearly 2% of the entire shareholding and extra ordinarily, the stock is available for beneath Rs 100. Stocks of Kochi-based The Federal financial institution Ltd have fallen approximately 24% from January 2018 so far. According to the brand new shareholding facts available with the stock change, Rakesh Jhunjhunwala owns 3.47 crore equity stocks of The Federal bank, equal to 1.79% of the entire paid-up capital, on the cease of 31 March 2018.

Shares of Federal bank are buying and selling around a level of Rs 83 (present day market fee: Rs 82.75 per equity share). The research and brokerage company Motilal Oswal Securities has given a ‘buy’ rating to the stock of Federal financial institution with a ability upside of as much as 53% to a target price of Rs 127.

So far in the current year 2018, India’s equity markets have advanced relatively well as the benchmark Sensex index has back approximately 10% with blue-chip shares of TCS, Kotak Mahindra bank, M&M, Infosys, HUL, IndusInd bank, HDFC bank and HDFC gaining more than 10%. interestingly, the benchmark index returns of huge marketplace players inclusive of Dow Jones industrial average of the united states, Shanghai Composite Index of China and Nikkei 225 of Japan are negative.

 

ABOUT AUTHOR

Niveza Editorial Desk : We are a team of stock market nerds trying to stay ahead of the herd. We spend our grey cells...
FULL BIO

LEAVE A COMMENT

RECOMMENDED READING

Market Uncertain on Delta plus Certainty

Our Analysis Indian equities were caught in the global wildfire as growing anxiety that the spread of Covid-19 variants will knock back growth reversed the recent rally. With
Read More>>

Free Share Market Tips Today: Stop & Read Before You Invest In Stocks

Various popular stock market news portals and TV channels discuss trending stocks and provide free share market tips based on technical charts and often without in-depth research. Our research desk analyses these trending stock market tips and
Read More>>

Sector Rotation keeping Market Stable

Our Analysis Markets warmed up to Biden’s Tax proposal amidst encouraging payroll data, all eyes were set on the RBI Policy today morning which, as expected, held the status quo
Read More>>

Market Ended on Cautions Note on RBI’s Warning

Our Analysis Domestic markets started cautiously positive and witnessed a strong rebound as it gained momentum from expectations of another set of relief measures. The new
Read More>>

Profit Booking amid Stabilizing Cases

Our Analysis The vaccination drive is expected to pick up momentum and the launch of the DRDO drug ignited the street as pivotals led by Banks saw support from Autos & Metals. In
Read More>>