The brokerage house has expressed confidence in a stock included in the portfolio of Rakesh Jhunjhunwala. While giving an underperform rating on a stock, the brokerage has reduced the target.
Rakesh Jhunjhunwala Portfolio Stocks: The stock market veteran Rakesh Jhunjhunwala’s portfolio is always discussed among retail investors. If you are looking to invest in a better seller in their portfolio, then you can keep an eye on Star Health of the insurance sector. Global brokerage house CLSA has given buy advice while launching coverage in the stock. The brokerage house is confident that in the coming 5 years, the company’s premium can grow at a CAGR of 23 percent. However, brokerage house BOFAL has given underperform rating on Rakesh Jhunjhunwala’s own portfolio stock Escorts below the target current price.
Star Health can get 21% return
Brokerage house CLSA has given a target price of Rs 830 while recommending investment in Star Health. The current price of the share is Rs 688. In this sense, a return of 21 percent is possible in this. The brokerage house says that the company has a strong hold in the retail segment. The company has 32 percent market share in this segment. Retail premium is 3 times more than others which is positive. The brokerage house estimates that in the next 5 years, the premium of the company may increase by 23 percent CAGR. The company has innovative products, a strong hospital network. Due to the large number of agents, there is a good hold across the country.
Rakesh Jhunjhunwala holds 17.51 per cent stake in Star Health as of the December quarter. The company has 100,753,935 stocks in his portfolio, whose current value is Rs 7,052.8 crore.
Escorts Ltd. There may be loss in
Brokerage house BOFAL has rated underperform on Rakesh Jhunjhunwala’s own portfolio stock Escorts. At the same time, a target of Rs 1500 has been given for the share. Whereas on March 29, the company’s stock closed at Rs 1638. In this sense, there may be further weakness of Rs 138 from the current price. Due to weak cycle and demand situation, the brokerage has reduced the target of the stock. The brokerage says that the company has lost market share, which has also affected the volume. In today’s trading, the stock has weakened further and has come to a price of Rs 1601. So far this year, the stock has fallen about 15 percent.
Rakesh Jhunjhunwala holds a 5.2 per cent stake in Escorts as of the December quarter. The company has 6,400,000 stocks in his portfolio, with a current value of Rs 1,043.2 crore. However, in the September quarter of the current financial year, he held around 40 per cent stake in the company.
(Disclaimer: Stock investment advice is given by the brokerage house. These are not the personal views of The Financial Express. Markets are risky, so take expert opinion before investing.)
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