The performance of some large cap stocks in Rakesh Jhunjhunwala’s portfolio has not been significant so far. But some small cap stocks are showing a lot of room for good growth. Several smallcap stocks in his portfolio have given multibagger returns. Retail investors, mutual funds and FIIs have invested heavily in these small cap stocks. Man Infraconstruction is one of such smallcap stocks included in Rakesh Jhunjhunwala’s portfolio.
This stock has climbed up to 300 percent in one year
The stock of Man Infraconstruction has climbed above 300 percent since last year. At the beginning of the year, this stock was at Rs 22.83 but now its price has increased to Rs 91.95. However, stock market experts believe that this stock is not going to stop here. Now it will increase further. He says that this stock can grow up to Rs 100 in the near term. In the short term, this stock can grow up to Rs 120.
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Huge profits for Man Infraconstruction
Ravi Singh, Research Head and Vice President, ShareIndia, says that Man Infracostruction takes up projects like port infrastructure, residential construction, commercial and institutional construction, industrial construction and road construction. The consolidated net income of the company in the September quarter was Rs 422.95 crore. This is 164.49 per cent higher than the last quarter’s consolidated net income of Rs 159.91 crore. The company has posted a net profit of Rs 173.35 crore in the recent quarter.
Here is the target price
Sumit Bagadia, Executive Director, Choice Broking says that the stock of Man Infraconstruction is looking positive on the chart pattern. Immediately in the short term, this stock can be bought with a target of Rs 105 and a stop loss can be maintained at Rs 80.
(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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