Rakesh Jhunjhunwala Portfolio Shares of Rallis India are one of the rare stocks of Rakesh Jhunjhunwala which has given zero returns in 2021. As per share price history of Rallis India; The stock is trading at a discount of around 7 per cent year-on-year while it has fallen as much as 23.50 per cent in the last six months. However, after bleeding for almost 10 months, the shares of Rallis India are trending somewhat upwards which is the attraction of stock market experts. He believes Rallis India shares are in ‘bounce back’ mode and may go up 3340 per share level in the medium to long term.
Stock market investors should buy Rakesh Jhunjhunwala Portfolio Stocks; Sumeet Bagdia, Executive Director, Choice Broking said, “Rallis India stock is showing bounce back mode at lower levels and may go up in the next one to two months. 300 per share level. Hence, positional investors are advised to include this Rakesh Jhunjhunwala stock in their portfolio keeping the stop loss in mind 245 levels.”
Speaking on the fundamentals supporting the ‘bounce back’ in Rallis India’s share price; Manoj Dalmiya, Founder and Director, Proficient Equities Ltd. said, “Rallis India is a subsidiary of Tata Chemicals engaged in agrochemical products. It is a debt free company with a PE of more than a multiplier of 26.58. Improvement in its ROA and ROE Stock has strong support for last two years from 250 260 zone and there has been a huge jump in its quantity in this zone which indicates a bounce back in the chemical counter.”
Rallis India shares expected to rise; Ravi Singh, Head of Research and Vice President, ShareIndia said, “Rallis India has seen a bounce from lower levels in the last few trading weeks and is currently placed above the 20 EMA. The stock has been one of the outperformers in the chemical sector and its own. Has retreated about 10 percent from recent lows 240 levels. Rallis is expected to outperform his teammates from this area as has technically made a set of huge bounces. The stock is being consolidated in the range of Well equipped to see a fresh rebound from the 250-265 levels and the current levels.”
On his suggestions to the stock exchange investors in respect of shares of Rallis India; Manoj Dalmiya, Proficient Equities said, “This stock of Rakesh Jhunjhunwala has some resistance 274 level but once it breaks this resistance it will soon . can go up to 295 levels. Aggressive investors are advised to maintain Stop Loss on Rallis India Shares at current levels 240 while defensive buyers can buy the above counter 274 for the same goal.”
To suggest investors to hold shares of Rallis India for medium to long term; Ravi Singh of ShareIndia said, “I recommend medium to long term investors to enter the stock at current levels. from 320 340 per share level.”
Rakesh Jhunjhunwala Holding in Rallis India
As per the shareholding pattern of Rallis India for the July to September 2021 quarter, Big Bull and his wife hold 9.81 per cent stake in the company. Rakesh Jhunjhunwala holds 1,38,85,570 shares or 7014 per cent stake in the company, while his wife Rekha Jhunjhunwala holds 51,82,750 shares or 2.67 per cent.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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