Rakesh Jhunjhunwala Portfolio In early FY 2012, when the well-known large-cap stocks in Rakesh Jhunjhunwala’s portfolio were underperforming, some small-cap stocks came to the rescue of ‘Warren Buffett of India’. These Big Bull-owned small-cap stocks gave multibagger returns to their shareholders as retail investors, mutual funds and FIIs invested heavily in these Rakesh Jhunjhunwala stocks. MAN Infrastructure Shares in Rakesh Jhunjhunwala Holdings is one of such low priced small-cap stocks.
According to MAN Infrastructure Share Price History, the small-cap stock has risen more than 300 percent in the past year, while the stock has increased year-on-year. 22.83 to 89.50, appreciating around 290 per cent in 2021. However, stock market experts are not satisfied with such rise in infrastructure stocks. They see more gains in this multibagger stock and expect it to take a hit 100 per share level in the immediate short term. They’re Predicting Man Infraconstruction Share Price To Go Up 120 per share level in the short term.
Highlighting the fundamentals that will support Rakesh Jhunjhunwala’s portfolio stock in the short term; Ravi Singh, Head of Research and Vice President, ShareIndia, said, “Man Infraconstruction undertakes infrastructure projects such as port infrastructure, residential construction, commercial and institutional construction, industrial construction and road construction. For the quarter ended 30-09-2021, The company reported consolidated total income of 422.95 crore, up 164.49 per cent over the previous quarter’s total income 159.91 crore and a total income of 760.17 per cent over the corresponding quarter of the previous year 49.17 crores. The company has reported net profit after tax 173.35 crore in the latest quarter.”
Call this multibagger stock one of the day trading stocks to buy today; Sumeet Bagdia, Executive Director, Choice Broking said, “Mann Infrastructure stock is looking positive on the chart pattern. One can buy and hold this Multibagger stock for immediate short term target. maintain stop loss at 105 80 levels.”
Speaking on the outlook for this multibagger stock; Manoj Dalmiya, Founder & Director, Proficient Equities Ltd., said, “The outlook for MAN Infrastructure Shares looks promising as the company’s profits have been rising in the last four quarters. Mutual funds, FIIs and promoters of the company are increasing their stake in the company. Which shows that the confidence of these investors regarding Rakesh Jhunjhunwala Portfolio Stock. In the last 5 years CAGR (Cumulative Average Growth Rate), the infrastructure company has registered a growth of 14 per cent in sales and 12 per cent in profit. Current levels for an immediate target of aggressive investors can buy 106 per share level.”
Expect some more gains from this multibagger stock in Rakesh Jhunjhunwala’s portfolio; Ravi Singh of ShareIndia said, “Technically, on the daily chart, the stock may continue the uptrend in the near term. There was a breakout around it. Level 47 on 9 September 2021 and made a high of 106 on 17th November 2021. Now trading in a narrow range of the stock 85-95 levels. These days the stock is under pressure of profit-booking which may continue even further. However, any meaningful downtrend could attract market participants which could help the stock to move upwards again. Hence short term investors can wait for the correction and stay positioned for the long term investors target 120 per share level.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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