Shares of CRISIL, a rating agency owned by Rakesh Jhunjhunwala, made a huge jump on Thursday. The stock rose to Rs 3157 with a jump of 9.95 per cent i.e. Rs 285.60. With this jump, it appeared to be approaching its last 52 weeks top. Its last 52 weeks top was Rs 3330. Crisil has a net profit of Rs 112.9 crore in the September quarter, which is 25 percent higher than the net profit of Rs 90.2 crore in the previous financial year (2020-21).
YES Securities kept its target price at Rs 4460
The shares of this company with a market cap of more than 22 thousand crores have reached more than the moving averages of 5, 20, 50 and 100 days. Many brokerage firms including Yes Securities have given it a BUY rating. YES Securities has kept its target price at Rs 4460. It says that CRISIL dominates the rating business sector in India. So this stock seems to be climbing a lot. The margin of the company has increased. Corporate governance is good and it is doing very well in terms of ratings. So its shares can be bought with a target price of Rs 4460.
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What is the stake of Jhunjhunwala couple in CRISIL?
As per the company’s shareholding pattern, Rakesh Jhunjhunwala held 2.89 per cent stake in CRISIL as of September 2021. He had 21,06,750 shares of the company. His wife Rekha Jhunjhunwala held 2.57 per cent stake. He had 18,68,250 shares. During the Muhurta trading on Diwali, the shares of CRISIL saw a rise of 2 per cent. Rakesh Jhunjhunwala is also known as Value Investor. He says that he takes his investment decision after looking at the risk-reward ratio.
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