Rakesh Jhunjhunwala portfolio: Shares in Indiabulls Real Estate are among the three new companies in which Rakesh Jhunjhunwala has bought fresh stake in July-September, 2021. However, the stock of the real estate company has remained in a range for the last 3 months and has been able to rise from Rs 149.95 (close price on NSE 30 September, 2021) to Rs 158 today (9.24 am) during this period. . However, following the recent breakout in the Nifty Realty Index, stock market experts are quite bullish on this low priced stock in Rakesh Jhunjhunwala’s portfolio.
Good growth will be seen after 180
According to a Livemint report, stock market experts said that the share price of Indiabulls Real Estate remains in the range of Rs 140 to Rs 180. Short term investors can buy this stock immediately for a target of Rs 170 to 180. However, if this stock included in Rakesh Jhunjhunwala’s portfolio moves above Rs 180 on closing basis, then it can see a good rally.
HDFC Securities, we expect more growth in this IT stock, keep an eye, your portfolio can shine
Support is at Rs 140
Commenting on Indiabulls Real Estate stock outlook, Executive Director, Choice Broking said, “Indiabulls Real Estate is currently in the range of 140 to 180. It is finding it difficult to move beyond Rs 180, while it is getting support at Rs 140. Hence, I would recommend short term investors to buy this counter at current levels with a stop loss of Rs 140 and target of Rs 170 and Rs 180.”
Broad based rally is not expected in 2022, money can be made by betting only on selected quality stocks- Motilal Oswal
Buy for a target of Rs 210 in two to three
Advising investors to hold the stock, Mudit Goyal, Senior Research Analyst, SMC Global Securities, said, “Indiabulls Real Estate stock may see a good rally if there is a breakout above Rs 180 on a closing basis. One should buy this stock at current levels with a target of Rs 210 for two to three months. However, stoploss must be placed at Rs 140.
What is the share of Rakesh Jhunjhunwala?
As per the shareholding pattern of Indiabulls Real Estate for the quarter July-September, 2021, Jhunjhunwala has added this new share to his portfolio. He holds 50 lakh shares or 1.10 percent stake in the company.
.