Rakesh Jhunjhunwala Portfolio In the wake of geopolitical tensions, a good number of quality stocks have suffered huge losses. However, stock market experts are of the opinion that this could be a moment of disguise for a situational investor as these quality stocks can bounce back strongly if there is a trend reversal in the secondary market. Rallis India is one such stock. Rallis India share price being quoted today 241.25 per share, near its 52-week low 227.30 each level. According to experts, the stock can see a strong bounce and it can go up. 320 level in the medium term.
Rakesh Jhunjhunwala expects a sharp rebound in this stock; Sumeet Bagadiya, Executive Director, Choice Broking said, “Rallis India shares are likely to give a sharp jump after the trend reversal in the stock market. The chart pattern of the stock indicates a strong rebound from the lower levels. Hence, one can go for Rakesh Jhunjhunwala shares. short-term target of from 260 maintain stop loss at 270 225 each level.
To suggest to the positional investors buy and hold shares of Rallis India; Ravi Singhal, Vice Chairman, GCL Securities said, “Rakesh Jhunjhunwala stock is available at attractive valuation. The stock has slipped due to disruption in supply chain due to geopolitical tensions. Unless it is quoted above, Can buy on fall. For the medium term target of 215 320 levels.”
Highlighting the Fundamentals of Rallis India Shares; Sudhanshu Singh, Director, IBBM said, “The sector that Rallis India caters to is a fast growing and ever growing sector (pesticides and agrochemicals) in countries with high density of population like India. Looking at the aspects, the company has strong fundamentals and can be accumulated with long term potential.Basic EPS and PAT are rising regularly with dividend payout history of 200 per cent and above, indicating that the company continues to grow regularly. making profit from operations.
Rakesh Jhunjhunwala’s shareholding in Rallis India
As per the shareholding pattern of Rallis India for Q3 FY2021-22, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have investments in this company. Rakesh Jhunjhunwala holds 1,38,85,570 shares or 7.14 per cent stake in the company while his wife Rekha Jhunjhunwala holds 51,82,750 shares or 2.67 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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