Rakesh Jhunjhunwala Portfolio There is good news in the stock market today for the retail investors who follow the portfolio of a few investors. Rakesh Jhunjhunwala’s two stocks – Federal Bank shares and Karur Vaish shares have given sharp gains today. Shares of Federal Bank are up about 1.75 per cent today, while Karur Vysya’s share price has gained more than 6 per cent in the intraday trade session.
According to stock market experts, both the stocks are ready to breakout and give a sharp jump in the near term in the coming trading sessions. He said Federal Bank shares could give a breakout above 102 on closing basis while Karur Vysya Bank shares are expected to breakout 52 each level depending on the ending. He said Federal Bank shares could go up after the breakout from 115 120 while the share price of Karur Vysya Bank is expected to go up to 60 per share level in the near term.
Rakesh Jhunjhunwala predicts fresh breakout in both the portfolio stocks; Sumeet Bagdia, Executive Director, Choice Broking said, “After trading for almost 6 months, Federal Bank shares are expected to give a breakout after the upside closes. 102 at each level while Karur Vysya Bank share price may also give breakout at Based on 52 endings. After this breakout, both these stocks of Rakesh Jhunjhunwala are expected to rise.”
Giving a ‘buy’ tag to both the mid-cap banking stocks in the Rakesh Jhunjhunwala portfolio, Sumeet Bagdia of Choice Broking said, “One can buy Federal Bank shares at current levels for an immediate target. maintain stop loss at 110 92. However, in the short term, it may go up further from 115 120 each level. Those interested in Karur Vysya Bank shares can buy shares at current levels 55 more 60 targets maintaining stop loss 45 levels.”
Shareholding in Rakesh Jhunjhunwala Federal Bank, Karur Vysya Bank
As per the shareholding pattern of these two banks for the July to September 2021 quarter, Rakesh Jhunjhunwala holds 5,47,21,060 shares or 2.64 per cent in individual capacity of Federal Bank, while he and his wife jointly hold 2.10 crore. shares or 1.01 percent stake. In South Indian Bank. In Karur Vysya Bank, ‘Warren Buffett of India’ holds 59,83,516 shares or 4.50 per cent stake in the mid-cap bank. The shareholding pattern of both the banks for the October to December 2021 quarter is still awaited.
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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