In the third quarter of FY 2022, Rakesh Jhunjhunwala invested in the company through his wife Rekha Jhunjhunwala’s account. At present his stake in the company is 2.08 percent.
Rakesh Jhunjhunwala Portfolio:Investors in the Indian secondary market are busy looking for 2022 multibagger stocks but there are already many small cap stocks that have joined the list of 2022 multibagger stocks. DB Realty is one such stock included in Rakesh Jhunjhunwala’s portfolio. So far this year, DB Realty’s share price has risen from Rs 48.90 to Rs 100.15. Market experts say the stock has seen a breakout at Rs 80 per share. Since then it has accelerated further. This stock has hit the upper circuit in the last 5 trading sessions on the NSE.
Market experts say that the chart pattern of this stock is still bullish and it could soon take us to the levels of 120 and 135. However, experts also say that the stock is only bullish in the chart pattern. There seems to be no fundamental reason for the recent upswing.
Sumit Bagdia from Choice Broking Saying that this multibagger stock is looking quite bullish on the chart pattern. However, it has hit the upper circuit in 5 consecutive trading sessions. Nevertheless, it is likely to go up to Rs 135. Those who have this stock should keep this stock for 120 rupees and the next target should be for 135 rupees
Share India’s Ravi Singh Says that the originality of DB Realty does not support its recent rally. Only its technical setup supports the uptrend of this stock. He added that news of fundraising by DB Realty was also fueling the stock.
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Talking about Rakesh Jhunjhunwala’s partnership in DB Real, in the third quarter of 2022, Rakesh Jhunjhunwala invested in the company through his wife Rekha Jhunjhunwala’s account. He currently holds 2.06 percent stake in the company.