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JhunJhunwala Portfolio: This share of Rakesh Jhunjhunwala’s portfolio can generate huge earnings, know what the target price has been kept by the brokerage firms

Rakesh Jhunjhunwala’s favorite stock Good opportunity to earn in Indian Hotels.

With the rise of Corona, the business activities of the industry related to the service sector have started intensifying. There has been a boom in the tour-travel and hotel industry. With this, opportunities for earning have started appearing in the shares of companies related to them. Such shares include Tata Group’s Indian Hotels. Two brokerage firms have shown good earning potential in this favorite stock of Big Bull Rakesh Jhunjhunwala.

The demand for hotel rooms will increase due to holidays and weddings.

Brokerage house Nirmal Bang recently hosted Indian Hotels in its investor call. In this, the company’s management had said that the rental growth of hotels is going to be good in the second quarter of the current financial year (2021-22). The momentum will increase further in the third quarter as people will now book more rooms for lodging, vacations and weddings. The brokerage firm says that the business recovery prospects of Indian Hotels (IHCL’S) are very good as it may see a recovery in V shape due to the current growth environment. The brokerage firm has maintained BUY rating and its target price has been fixed at Rs 294. Nirmal Bang believes that a jump of 40 percent can be seen in this stock.

JhunJhunwala Portfolio: This favorite stock of Jhunjhunwala has been downgraded by a reputed brokerage, what to do if you have it – sell or stay

Jhunjhunwala has such a stake in Indian Hotels

The stock of Indian Hotels has given returns of up to 100 percent in the last one year. Its stock is trading at Rs 206 on November 23. Brokerage house ICICI Direct Research has advised investors to buy on this stock for the next three months. It has kept its target price at Rs 264. In this, the stop loss has been kept at Rs 192 and the buying range is Rs 214-220. The brokerage firm says that from the current price, investors can get returns of more than 20 percent in the next three months. Rakesh Jhunjhunwala & Associates holds a 2.1 per cent stake in Indian Hotels, according to the September 2021 quarter data. He has 25,010,000 shares in it.

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Nisha Chawlahttps://www.businesskhabar.com/
She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.
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