Rakesh Jhunjhunwala Portfolio After hitting its 52-week low in May 2022, Federal Bank stock has made a strong comeback and regained its psychological state. Recent 100 level. However, for investors who follow Rakesh Jhunjhunwala’s portfolio for value picks, there is news from the stock market. This banking stock has given breakout on the basis of close above 107 each level. Now, Federal Bank share price is in ‘uptrend’ and may go up 144 over the next 6-9 months. He advises positional investors to buy Federal Bank shares at current levels and keep depositing higher 100 epic levels.
to speak on federal bank share price Outlook, Puneet Patni, Equity Research Analyst, Swastika Investmart said, “We are positive about Federal Bank shares because of its strong-granular liability franchise, low cost advantage of funds, strong underwriting standards, partnerships with fintech and digital initiatives. and a faster growth outlook. Further, an increase in the Bank’s ROA is envisaged due to the increasing share of high-yield retail loans. We believe that the bank is a serious candidate for revaluation because of the above positives And valuations remain cheap despite the current rise in the share price.”
Calling Federal Bank a ‘portfolio stock’, Ravi Singh, CEO, GCL Securities said, “Federal Bank has successfully survived the challenge of COVID and is now a profit making bank with a net profit of over 63 per cent. Hence, reducing the provisioning, but the bank is expected to benefit from the rising interest rate regime through NIM. Hence, the bank is now a portfolio stock which can be held for a target of 6-9 months 144 per share.”
Ravi Singhal of GCL Securities said that Rakesh Jhunjhunwala’s portfolio should keep accumulating stocks till the stock goes up. 100 levels.
Rakesh Jhunjhunwala stake in Federal Bank
As per the shareholding of Federal Bank for the quarter April to June 2022, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold shares in this South Indian bank. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 2,10,00,000 shares or 1.01 percent stake in the bank. However, in a personal capacity, Rakesh Jhunjhunwala holds 5,47,21,060 Federal Bank shares or 2.64 per cent stake in the bank. So, Jhunjhunwala couple holds 3.65 percent stake in this South Indian bank.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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