Big bull Rakesh Jhunjhunwala of Share Market has recently changed his holdings in 12 companies. Of these, he has increased his stake in 5 stocks while in 7 companies he has reduced. In the rest of the companies, they have maintained a balance.
New Delhi, Ashish Deep. Big bull Rakesh Jhunjhunwala of Share Market has recently changed his holdings in 12 companies. Of these, he has increased his stake in 5 stocks while in 7 companies. In the rest of the companies, they have maintained a balance. One of these stocks is Rallis India, which has done well in recent times. According to market experts, this stock can see a good movement in 3 to 6 months.
Good rate around 260 rupees
According to Sandeep Jain of Tradeswift, the rate of Rallis India is still going up. It can be taken at a target of Rs 325 for 3 to 6 months. However, it would be better to buy it when the price drops. If the rate is around 250-260 rupees, then it would be better to buy. Its CMP is Rs 293.
Tata Group Company
According to Sandeep Jain, Rallis India is a Tata group company. The company deals in Agro Chemicals sector. There is no debt on the company. Quarter result of the company has been very good.
Forecast of good monsoon
According to Sandeep Jain, there is also a good prediction regarding monsoon. IMD has said that the monsoon is expected to be good this time. This stock can be taken for short term and long term.
9.93% is the share of both
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 9.93 per cent stake in Rallis India. This figure is till March 2021. Rakesh Jhunjhunwala’s share in this is 7.26 percent while Rekha Jhunjhunwala’s 2.67 percent. Both investors held the same share in December 2020.
Bets on Indian Hotels
Prior to this, Rakesh Jhunjhunwala maintained a stake in Indian Hotels, another company of the Tata group. The reason behind Rakesh jhunjhunwala retaining his share in Indian Hotels was explained by JSendra Solanki, founder of JS Financial Advisors. According to him, even though the situation in the Hospitalilty Industry has deteriorated due to Covid, it is a Tata Group company, keeping in mind the confidence of the promoters, one will try to retain its stake in these circumstances.
Big bet on Tata group company
According to Solanki, Indian Hotels Post Kovid will again bring its business to the same level as it was before, investors are confident of this. Due to this centiment, any investor will continue their stakes. This is a major reason, which reinforces the investor spirits. That is why Rakesh jhunjhunwala and his wife have retained a share in this share.
Rakesh and Rekha Jhunjhunwala’s share is 2.10 percent
Explain that Rakesh and Rekha Jhunjhunwala have 2.10 percent share in this company. Both investors hold 1.05 percent stake. Both investors hold a total of 2,50,20,000 shares. According to company data for December 2020 and March 2021, Rekha Jhunjhunwala and Rakesh Jhunjhunwala did not change their stake.
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