Rakesh Jhunjhunwala Portfolio While stock market investors are busy finding potential multibagger stocks for 2022 in the Indian secondary market, a good number of small-cap stocks have already entered the list of multibagger stocks in 2022. DB Realty Shares, which is one of the Rakesh Jhunjhunwala stocks, is one of them. DB Realty share price has appreciated from 48.90 100.15 At each level, the year-on-year (YTD) has registered an increase of about 105 per cent.
According to stock market experts, this multibagger Rakesh Jhunjhunwala portfolio stock has given a fresh breakout on 80 per share level and thereafter it turned sharply higher, which is reflected in last week’s rally, hitting the 5 per cent upper circuit in all 5 trading sessions on NSE. He said that the Multibagger stock is still looking positive on the chart pattern and it may move further. Levels 120 and 135 respectively. However, he also added that the stock is bullish on the chart pattern, while there is no fundamental reason for the stock to move so fast.
Speaking on DB Realty share price outlook; Sumeet Bagadiya, Executive Director, Choice Broking said, “This Multibagger stock is looking extremely bullish on the chart pattern. Even though, it has been hitting the upper circuit for the last 5 trading session, it has the potential to move higher. 135 levels. Those who have this stock in their portfolio, they should keep the stock for the future. 120 more 135 targets respectively.”
Echoing the thoughts of Sumeet Bagadiya; Ravi Singh, VP & Research Head, Share India said, “Fundamentals of DB Realty shares are not supporting its current rally. It is its technical setup that is fueling the DB Realty share price rally.” He added that the recent news of DB Realty fund raising is also helping DB Realty share price rally.
Rakesh Jhunjhunwala’s stake in DB Realty
As per the shareholding pattern of DB Realty for Q3FY22, Rakesh Jhunjhunwala has invested in this company through his wife Rekha Jhunjhunwala, who owns 2.06 per cent stake in the company.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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