Jhunjhunwala Portfolio: Only one auto stock has given a profit of Rs 170 crore to veteran investor Rakesh Jhunjhunwala in the month of September. Big Bull Jhunjhunwala holds a stake in Tata Motors and its shares have gained 14 per cent so far this month. Shares of Tata Motors closed on August 31 at a price of Rs 287, which has now reached Rs 332 per share.
The prices of Tata Motors have become stronger than Nifty Auto. Its shares have gained 14 per cent so far this month, while Nifty Auto has gained 5.5 per cent. Market experts believe that this stock may continue to rise further and Jhunjhunawala’s profits may increase further.
Stock Tips: Opportunity for huge returns on investment in these two stocks including HDFC, know how much the expert has kept the target price
Started investing in Tata Motors last year
At the end of August, Jhunjhuwala’s stake in Tata Holding was worth Rs 1084.55 crore. He has 3,77,50,000 equity shares of this Tata auto company. Due to the jump in the shares of the company, now the value of the shares held by him has gone up to Rs 1,254.62 crore. However, this calculation assumes that the stake he held in Tata Motors at the end of June 2021 has remained unchanged. Jhunjhunwala had bought 4 crore equity shares of Tata Motors in September 2020 last year. After this he sold some of his stake, after which he was left with 3.77 crore equity shares of the company in the April-June quarter.
Stock Tips: Golden chance of 85% bumper profit on investment in this stock, prices are getting stronger on the basis of government policies
Analysts are Bullish on the Stock
- Analysts of Edelweiss believe that the price of Tata Motors may increase further and it can reach a price of Rs 353. Analysts are positive about Jaguar Land Rover’s upcoming product and believe that the situation is returning to normal, due to which the demand for Tata Motors vehicles will increase. According to analysts, the company’s profits will jump due to tight control on costs.
- HDFC Securities has given a Buy Rating to this stock. According to analysts of the brokerage firm, Tata Motors has a great opportunity to grow in the electric vehicle segment. According to analysts, Tata Motors will get the benefit of increasing demand in the country and abroad.
- Analysts of brokerage firm Jefferies have set a target of Rs 435 for Tata Motors.
(Article: Kshitij Bhargava)
(The stock recommendations given in the story are those of the respective research analysts and brokerage firms. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)
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