Jhunjhunwala Portfolio: Only one stock of veteran investor Rakesh Jhunjhunwala earned more than Rs 4 thousand crore last year.
Jhunjhunwala Portfolio: Rakesh Jhunjhunwala, a veteran investor called India’s Warren Buffet, earned more than Rs 4 thousand crore last year by just one stock titan. The shares of his favorite stock Titan, included in his portfolio, gained about 62 percent in 2021 last year. Its prices jumped from Rs 1551 to Rs 2524.35. On the first trading day of this year today (January 3, 2022), its shares have weakened by about 0.6 percent to a price of Rs 2508.30. However, market experts believe that its price may see a rise. According to technical analysts, last year, its shares gave better returns due to buying during festivals and weddings due to easing of corona restrictions.
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Experts gave this advice to investors
- According to AR Ramachandran, Co-Founder and Trainer, Tips2Trades, technically the level of Rs 2570 is acting as a strong resistance for Titan. In such a situation, long term investors should book profit at this level and then reinvest when its price reaches the level of Rs 2180-2200 to get better returns this year.
- According to Milan Vaishnav, Founder and Consulting Technical Analyst, Gemstone Equity Research and Advisory Services, Titan’s prices strengthened after getting support at the level of Rs 2244 near the 100-day DMA (Directional Moving Average) on the chart and now its prices are facing many major moving averages. Above average. Vaishnav has advised investors that if they are holding this stock, then keep it at a stop loss of Rs 2200 as soon it can touch its record high level of Rs 2677 again.
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Jhunjhunwala earned 4214 crores from Titan
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 4.33 crore shares in Titan Company which is equal to 4.87 per cent stake. Last year, the price of Titan jumped from Rs 1551 (price on 4 January 2021) to reach Rs 2525.35 on the last trading day on 31 December i.e. Rs 973.35 strengthened. The Jhunjhunwala couple has 4.33 crore shares in it, that is, due to the rise in the price of Titan, they made a profit of Rs 4214 crore last year.
(Article: Surbhi Jain)
(The stock recommendations given in the story are from the respective research analyst and brokerage firm. 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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