Stock Market

These shares of Rakesh Jhunjhunwala are trading on ‘discount’, bet on cheap prices, you will get great returns

There has been weakness in many stocks amidst the ongoing upheaval in the market. There are many of them, who have no problem with the fundamentals. Only they have weakened in the fall of the market.

Rakesh Jhunjhunwala Portfolio Stocks: The stock market has weakened from its record high in the month of November. This month, there has been weakness in many stocks amid the ongoing upheaval in the market. There are many of them, who have no problem with the fundamentals. Only they have weakened in the fall of the market. Some of these stocks are included in the portfolio of veteran investor Rakesh Jhunjhunwala. He has been quite right from his 52-week high. The special thing is that these stocks have recently become the choice of different brokerage houses. In view of the better outlook of these stocks, the brokerage house has advised to invest in them. You too can earn money by investing in these cheap stocks.

Tata Communications

Tata Communications, the stock of Tata Group, has declined significantly from its 1-year high of Rs 1540. This stock is currently trading at Rs 1240. The stock has weakened 11 percent in 1 month. Brokerage house Emkay Global has given buy advice in the stock and has set a target of Rs 1700. That is, it can get 37 percent return from the current price. Rakesh Jhunjhunwal holds 1.1 percent stake in the company. The company has 3,075,687 shares in his portfolio, whose value is Rs 381.3 crore.

Oriental Cement

The stock of Orient Cement is trading at Rs 160 after correcting from its 1-year high of Rs 186. The stock has seen a decline of 8 percent in just 5 days. Brokerage house Axis Securities has given investment advice in the stock and the target is Rs 210. In terms of current price, it can give more than 30 percent return. Rakesh Jhunjhunwal holds 1.2 per cent stake in the company. He has 2,500,000 shares of the company in his portfolio, whose value is Rs 40 crore.

NCC Ltd

NCC stock is trading right from its 1-year high of Rs 100 to Rs 75. The stock has seen a decline of around 8 percent in 5 days. Brokerage house Geojit has given investment advice in the stock and has set a target of Rs 103. In terms of current price, it can give more than 37 percent return. Rakesh Jhunjhunwal holds a substantial 12.8 percent stake in the company. The company has 78,333,266 shares in his portfolio, whose value is Rs 589 crore.

Lupine Limited

Lupine has also been declining for a few days. The company’s stock is trading at Rs 880, correcting from its 1-year high of Rs 1268. The stock has seen a decline of around 7 percent in 5 days. Brokerage house Sharekhan has advised to invest in the stock and has set a target of Rs 1210. In terms of current price, it can give more than 26 percent return. Rakesh Jhunjhunwal holds less than 1 percent stake in the company.

(Disclaimer: The investment advice here is given by the brokerage house. This is not the personal view of dgmartpro Business. Markets are risky, so take expert opinion before investing.)

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