Rakesh Jhunjhunwala Portfolio: These Tata stocks are top gainers in Nifty today

Shares of auto major Tata Motors are also top Nifty today. This portfolio stock of Rakesh Jhunjhunwala opened ₹5.05 higher than its previous day and climbed to a new 52-week high of ₹367.65 each.

According to stock market experts, both fundamental and technical of these Tata group companies are strong. Titan Company has reported a strong recovery in demand in the recently ended September 2021 quarter and its sales across most of its divisions have either reached or near pre-Covid levels. He said Tata Motors is likely to post 14 per cent revenue growth, supported by 94 per cent growth in the standalone division.

Rakesh Jhunjhunwala advises investors to buy both the portfolio stocks; Sumeet Bagadiya, Executive Director, Choice Broking said, “The stock of Titan Company is looking very bullish on the charts and may go up. ₹2500 in the short run. You can buy this share of Tata for this target while maintaining stop loss ₹2200.”

Similarly, Bagadia recommended that one can buy Tata Motors shares at the current market price and hold for the short-term target of ₹from 380 ₹maintain stop loss at 400 ₹340 per.

Rakesh Jhunjhunwala’s stake in Titan Company, Tata Motors

As per the shareholding pattern of these two Tata companies in the April to June 2021 quarter, Big Bull holds 1.14 per cent stake in Tata Motors while Titan Company has investments in his name and that of his wife Rekha Jhunjhunwala. Rakesh Jhunjhunwala holds 3.72 per cent stake in Titan Company while his wife Rekha Jhunjhunwala holds 1.09 per cent.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.