Rakesh Jhunjhunwala Portfolio Small-cap indices Amidst new highs, small-cap stocks have become the favorite of investors these days. Now, foreign institutional investors (FIIs) have also started looking at small-cap stocks these days. Anant Raj Stock is a living example of this. Big Bull Rakesh Jhunjhunwala holds 3.39 per cent stake in this realty stock. But, this real estate stock is also becoming a favorite of FIIs. In fact, market experts have also become bullish about this stock after seeing the strong response to this stock from FIIs and other investors.
As per the shareholding pattern of Rakesh Jhunjhunwala Portfolio stock for the quarter April to June 2021, FIIs held 2,51,38,364 shares, which is about 8.52 per cent of the total issued net paid-up capital of the company. In the March 2021 quarter, FIIs held 2,46,74,205 shares, which was approximately 8.36 per cent of the total issued net paid-up capital of the company.
According to stock market experts, this stock of Rakesh Jhunjhunwala is looking positive and it can go up. ₹85 per share level. He said that in FY21, promoters increased their stake in the company, which has boosted investor sentiment towards this Rakesh Jhunjhunwala shareholding company.
Rakesh Jhunjhunwala speaking on the fundamentals backing the portfolio stock; Rahul Sharma, Co-Founder, Equity99, said, “Anant Raj is primarily involved in the development and construction of information and technology parks, hospitality projects, special economic zones, office complexes, shopping malls and residential projects in Delhi, Haryana, Rajasthan and Delhi. NCT. Is ₹85 each.”
Santosh Meena, Head of Research, Swastika Investmart Ltd said, “We have a very optimistic outlook on the Indian realty sector as they are showing strong growth momentum due to lower interest rates, supportive government policies, consolidation in the industry due to RERA, and Developments in technology. Technically, Nifty Realty Index is witnessing a breakout after 10 years of consolidation for a fresh bull.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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