Rakesh Jhunjhunwala Portfolio After hitting upper circuit levels continuously since January 28, 2022, DB Realty share price has been hitting the lower circuit for the last five straight sessions. Multibagger stock opened today with a decline of 5 percent from Thursday’s closing price 113.45 each level on the NSE, and is down over 17% in five days.
According to stock market experts, there is strong support for the share price of Rakesh Jhunjhunwala Holding Company. 100 levels. He said long term investors should keep the stop loss below Hold 100 more realty stocks while positional investors can avoid taking any fresh positions over the counter till they stabilize.
DB Realty Share Price History
after reaching its 52-week high 134.05 on 14th Feb 2022, this multibagger stock is hitting the lower circuit regularly, bleeding almost 17 percent in the past one week. However, before this fall, this stock of Rakesh Jhunjhunwala performed well.
The share price of DB Realty increased in view of the company’s fund raising program and Jhunjhunwala’s purchase of a higher stake in the company by participating in the fundraise. 74.90 (Closing on NSE 27 Jan 2022) to 134.05 each level, appreciated by about 80 percent in those 12 sessions.
Multibagger returns in 2022
In the year-on-year or YTD timing, the Rakesh Jhunjhunwala portfolio stock has delivered 120 per cent returns to its shareholders despite this strong beating of the past five sessions.
DB Realty Share Price Outlook
According to stock market watchers, this sharp fall was widely expected as it gave similar gains. However, he added that Multibagger stock may stabilize soon as it has strong support 100.
Rakesh Jhunjhunwala’s advice to investors to avoid fresh positions in Portfolio Stock; Sumeet Bagadiya, Executive Director, Choice Broking said, “For the past three weeks, this stock has been a circuit for the circuit stock and hence positional investors are advised to avoid fresh positions in the scrip. is in the portfolio, they should continue.Put the multibagger stock down while maintaining the stop loss Realty stock has strong support as 100 100 level and DB Realty shares are expected to stabilize above these levels soon.”
Rakesh Jhunjhunwala holding in DB Realty
As per DB Realty shareholding pattern for the quarter October to December 2021, Rakesh Jhunjhunwala holds 50 lakh shares, which is 2.06 per cent of the total paid-up capital of the real estate company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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