Big Bull Rakesh Jhunjhunwala added three stocks to his portfolio in the September 2021 quarter. Indiabulls Real Estate Share is one of them. It is one of the Rakesh Jhunjhunwala portfolio stocks Multibagger Stocks in 2021 And a handful of Indian investors are still excited at this realty counter as they have added shares to their portfolio.
Actually, stock market investors are also betting fiercely on this new portfolio stock of Rakesh Jhunjhunwala. They believe that Indiabulls Real Estate share price may rise in the medium to long term horizon due to lower home loan interest rates, increase in residential realty demand and various state government announcements of tax exemptions to new home buyers.
Advice to stock investors to buy this new share of Rakesh Jhunjhunwala; Sumeet Bagadia, Executive Director, Choice Broking said, “Indiabulls Real Estate shares can give a sharp jump in the short to medium term perspective. One can buy and hold over the counter at current levels. from 195 keep stop loss below 200 165.” Bagadia said that Rakesh Jhunjhunwala’s portfolio is waiting for fresh breakout up in the stock 190 levels. Once the stock closes above this mark, there may be a sharp rally in the counter in the medium term.
Highlighting the reasons for this Multibagger stock being bullish; Ravi Singhal, Vice Chairman, GCL Securities said, “Indiabulls Real Estate shares may continue to rise due to three reasons – lowest home loan interest rate, growth in demand for residential real estate and various state governments promoting real estate. Lowers the stamp duty for Indiabulls Real Estate Shares that can be bought in the limit of from 165 175 per share level for 9-12 month target from 270 320 levels.”
Rakesh Jhunjhunwala’s shareholding in Indiabulls Real Estate
As per the Indiabulls Real Estate shareholding pattern for the recently ended September 2021 quarter, Rakesh Jhunjhunwala holds 50 lakh shares, which is 1.10 per cent of the total paid-up capital of the company.
Multibagger Stocks in Rakesh Jhunjhunwala Portfolio
Indiabulls Real Estate is one of the multibagger stocks in 2021 as it surges closer from 80 178 year-on-year i.e. in 2021, a growth of around 120 per cent was registered in this period.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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