Some of the stocks in Rakesh Jhunjhunwala’s portfolio have very excellent fundamentals. Different brokerage companies have recommended investing in them due to their better outlook.
Stocks in Rakesh Jhunjhunwala’s Portfolio: The fundamentals of several of the stocks in stock market veteran Rakesh Jhunjhunwala’s portfolio appear to be good. Brokerage houses have also recommended investing in them due to their excellent prospects. If you’re not sure where to start when it comes to investing, have a look at these stocks.
SAIL, Orient Cement, Star Health, and Lupine are among them. The brokerage firm has expressed trust in Rakesh Jhunjhunwala’s portfolio of solid equities. If you haven’t already done so, you should consider adding them to your portfolio for future earnings.
SAIL
The deal is expected to go successfully, according to SAIL brokerage houses. Motilal Oswal, a brokerage firm, has encouraged investors to buy SAIL, a strong company in the metals industry. The net objective for this stock has been set at Rs 142 by Motilal Oswal. This stock is currently trading at Rs 113. There has been an impact due to sluggish demand in the current quarter. The international steel price has dropped due to a lack of demand.
SAIL is owned by Rakesh Jhunjhunwala, who owns 1.8 percent of the company. It’s worth mentioning that he grew his interest in the company by 0.4 percent in the September quarter. He owns 72,500,000 shares of the corporation in total.
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Orient Cement
Arihant Capital, an Orient Cement brokerage firm, has provided financial advice on the company. This stock has a target price of Rs 238 set by Arihant Capital. This stock is currently trading at Rs 163. Because of growing activity in the infrastructure and housing sectors, cement consumption has surged. Because of the rising demand for cement, Orient Cement is in an excellent position to profit.
It’s worth noting that the company’s financials are steadily improving. SAIL is owned by Rakesh Jhunjhunwala, who owns 1.2 percent of the company. It’s worth mentioning that he didn’t change the stake throughout the September quarter. He owns 2,500,000 shares of the corporation in total.
Star Health
Emkay Global Financial, a brokerage firm, has also offered investment advice in Star Health. This stock has a target price of Rs 1135, while the current price is Rs 834, according to the brokerage company. For the next ten years, the forecast for the insurance business is predicted to be favorable.
Star Health’s GWP is expected to expand at a 25% CAGR till FY25, according to the brokerage. Rakesh Jhunjhunwala owns around 17.5 percent of the company.
Lupin
Axis Securities, a Lupin brokerage firm, has provided investment advice on Lupine. This stock’s price goal has been set at Rs 1100. This stock is now trading at roughly Rs 900. Rakesh Jhunjhunwala owns less than 1% of the company at the moment.
Disclaimer: The brokerage company has provided advice on investing in stocks in this case. These are not News Store24 personal opinions. Because there are hazards in the market, you should get professional counsel before investing.
