Rakesh Jhunjhunwala Favorite stock: The portfolio of Rakesh Jhunjhunwala, the Big Bull of the Indian stock market, is hitting new highs these days.
Rakesh Jhunjhunwala Favorite stock: The portfolio of Rakesh Jhunjhunwala, the Big Bull of the Indian stock market, is hitting new highs these days. Many stocks in the portfolio are jumping. These stocks also contribute well to the growth of the Indian market. But, there is such a stock, which can give you a taste of profits too. Brokerage house Motilal Oswal has also bet on this stock. The brokerage firm believes that the stock can show a rise of up to 15 percent in the coming days.
1500 crore stake
There are many shares of Tata Group in Rakesh Jhunjhunwala’s portfolio (Rakesh Jhunjhunwala Portfolio 2021). Titan is his favorite stock, in which he also has the highest shareholding. But, the second favorite share of this group is Tata Motors. Jhunjhunwala has the highest stake in Tata Motors (Tata Motors Share Price) after Titan. He has about 1.3 percent shareholding in the company. If we look at the valuation, then Jhunjhunwala has invested about 1500 crores in Tata Motors. According to Motilal Oswal, this stock will show a lot of bounce in the coming days. Currently Tata Motors share price is around 337.
Why will Tata Motors share rise?
Economic activities are starting. There is a recovery in the domestic market. At the same time, foreign markets have also started opening. Motilal Oswal believes that the company’s focus is on Jaguar Land Rovers electric vehicles. With this, a big boost can be seen in the revenue of Tata Motors. The company management has set a target to make Jaguar Land Rovers a fully electric brand by 2025. All these factors will be triggers for a rally in Tata Motors. Motilal Oswal has also given ‘BUY’ rating on Tata Motors. Motilal Oswal has given a target price of Rs 405 (Tata Motors Target Price) for the stock. At the same time, an increase of up to 15 percent has been predicted.
If income increases, debt will decrease
The outlook for Tata Motors is excellent. Anil Singhvi, managing editor of Zee Business, had also recently expressed confidence in Tata Motors. The entire focus of the company is on the electric vehicle segment. Experts say that the electric vehicle segment will perform well in the coming days. This is expected to increase the income of the company. If the company’s revenue increases, it will directly help in reducing debt. Cash position in the company will be strengthened. Recovery in the domestic and foreign markets can help in reducing debt. The commercial vehicle segment remains strong. The company will see a big benefit from the recovery in the passenger vehicle. In such a situation, the stock will also show a rise.
Jhunjhunwala has increased his stake
Rakesh Jhunjhunwala bought shares of Tata Motors in the third quarter. Since then the stock has jumped 256 per cent. Shares of Tata Motors had a huge fall last year when it fell to just Rs 65 per share after the first wave of Kovid. But, now a great recovery is going on. At present it is near 337 rupees. In the coming days, the price of this stock can cross Rs 400. That’s why both the brokerage firm and Jhunjhunwala have faith in the stock.
Jhunjhunwala Net Worth (Rakesh Jhunjhunwala Net Worth) more than Rs 18000 Crore
The net worth of Rakesh Jhunjhunwala at the end of the quarter ended March 2021 was Rs 18,432 crore. His investments were in about three dozen companies. His portfolio includes stocks like Tata Motors, Lupin, Titan, Crisil, Rallis India, Nazara Technologies and Federal Bank.
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