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Wednesday, December 1, 2021

JhunJhunwala Portfolio: This share of Rakesh Jhunjhunwala’s portfolio can make a jump of 20 percent in a month, know what is your investment strategy

Investors keep an eye on the portfolio of Rakesh Jhunjhunwala. In which company he increased or decreased his stake, it remains a matter of discussion. Few stocks in Rakesh Jhunjhunwala’s portfolio have done well. There has been a lot of jump in these stocks. One such stock is Fortis Healthcare. It has been in his portfolio for a long time.

This stock can jump 20% in a month

Analysts say that the movement of Fortis Healthcare shares is looking positive on the chart and a breakout is seen forming above 300-302 per share. Many market experts believe that in a month this stock can achieve a jump of up to 20 percent from this level. Fortis Healthcare’s stock has gained 11 per cent in the last one week. The reason for this may be some profit booking, but the level of Rs 260 seems to be acting as a strong support in this stock. Therefore, any level below this is absolutely suitable for buying in it.

JhunJhunwala Portfolio: This share of Rakesh Jhunjhunwala’s portfolio jumped 10 percent in a single day, know whether it still has earning potential?

Fresh rally may be seen in Fortis Healthcare

According to analysts, a fresh rally can be seen in this stock. The stock of Fortis Healthcare is currently trading at Rs 280. It had made a high of Rs 304 in August this year. The company’s strong fundamentals, good earnings, high net profit and low liabilities and increasing earnings have made this stock attractive.

Volatility can be seen in this stock in the coming time but it will see strong support between Rs 250 to 260. Rakesh Jhunjhunwala had 4.31 percent stake in this company but he reduced the stake to 4.23 percent. On June 30, he had 3.25 crore shares of this company.

(The stock recommendations given in the story are those of 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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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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