Rakesh Jhunjhunwala Portfolio Fortis Healthcare share price is trading in range from 270 290 for the last one month. It is nearing the highest of its lifetime Closed at the level of 303.80 and the high of 294.50 levels. According to stock market experts, a breakout is expected from this share of Rakesh Jhunjhunwala Holding Company. 290 is on closing basis and after that it can go up significantly. Hence, one can add Rakesh Jhunjhunwala stock to their portfolio at current levels as it could turn extremely bullish after the breach. 290 levels.
Fortis Healthcare Share Price Target
Advice to investors to buy Rakesh Jhunjhunwala Portfolio Stock; Sumeet Bagadiya, Executive Director, Choice Broking said, “The market is expecting a fresh breakout in the shares of Fortis Healthcare. 290 levels. After this breakout, the healthcare stock could be extremely bullish. Hence, positional investors are advised to include this stock in their stock portfolio while short term investors can buy Fortis Healthcare shares at the prevailing market price. from 290 300 target to maintain stop loss 260 per share level.”
Suggesting stock market investors to hold this share of Rakesh Jhunjhunwala and wait for breakout; Manoj Dalmiya, Director and Founder, Proficient Equities Pvt Ltd, said, “One can hold this stock on a long term basis as healthcare will be given prime importance along with various health care initiatives by the government. It is currently consolidating. We can expect a good rally in the stock 335, once broken 300 level.”
Rakesh Jhunjhunwala’s stake in Fortis Healthcare
As per the shareholding pattern of Fortis Healthcare for the July to September 2021 quarter, Rakesh Jhunjhunwala holds 3,19,50,000 shares or 4.23 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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