Jhunjhunwala’s favorite, Tata Group’s strongest stock – Macquarie boosts confidence, expects gains of up to 43%

Brokerage on Titan: To invest money in the stock market, investors keep an eye on the strong stocks of Rakesh Jhunjhunwala. Rakesh Jhunjhunwala is an experienced investor in the stock market and is also known as ‘Big Bull’. If you want to invest in Rakesh Jhunjhunwala’s top stocks too, you can buy Titan. McCurry, a strong shareholder in the Titan Tata Group and a brokerage firm, has raised the stock’s rating and is looking to buy. It is the largest stock in Rakesh Jhunjhunwala’s portfolio in terms of value. In the December quarter, he raised his stake in the company from 0.2 percent to 5.1 percent. If you are looking for strong and solid shares and are planning to buy here, then you can invest money in these strong shares of Tata Group.

Macquarie boosts confidence

Brokerage company Macquarie has maintained an outperforming rating on the shares of Tata Group. The brokerage company has set a target price of Rs 3350 for buying here. The company says investors can include the stock in their marquee list.

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Why buy Titan stock

Brokerage firm Macquarie says investors will benefit if they buy the stock. Looking at the demand power outlook, higher returns are expected. At the same time, the effect of the outlook on diamond and gold prices is also seen in the share price.

How many shares in Rakesh Jhunjhunwala’s portfolio?

According to the December quarterly shareholding pattern, the Rakesh Jhunjhunwala family now owns 5.1 per cent stake in Titan Company. Whereas in the September quarter, it had 4.9 percent shares. He now owns 45,250,970 shares of the company in his portfolio, up from 43,300,970 shares in the September quarter. In this sense, he added another 19.50 lakh shares to the portfolio. At present, the shares of the company included in its portfolio are valued at Rs 10,672.7 crore. This is the highest in terms of price. It is followed by Star Health and Allied Insurance Company with a market cap of Rs 6,292.6 crore.

(Disclaimer: Investment advice here is provided by a brokerage house / expert. This is not a G-Business opinion. Consult your advisor before investing.)