Multibagger Stock: Rakesh Jhunjhunwala Portfolio Stock Anant Raj has delivered over 130 per cent returns to its shareholders in 2021 as Multibagger stock has grown since ₹26.85 per equity share level to ₹62.35 each in year-to-year terms. Despite multibagger returns, stock market experts are more bullish on this realty stock as Nifty Realty Index is witnessing a breakout after 10 years of consolidation.
In addition, Anant Raj has also seen some buyout action from FIIs as he increased his stake in the company from 8.36 per cent in the March 2021 quarter to 8.52 per cent in the June 2021 quarter.
Advice to investors for buying this holding stock of Rakesh Jhunjhunwala; Sumeet Bagadia, Executive Director, Choice Broking said, “NSE Nifty index is witnessing a fresh breakout after a decade long consolidation, which could lead to a sharp rise in Rakesh Jhunjhunwala stock despite delivering multibagger returns in 2021. Currently one can buy Anant Raj shares. Level for medium to long term target of ₹maintain stop loss at 80 ₹55 levels.”
Speaking on the valuation of this multibagger stock; Rahul Sharma, Co-Founder, Equity99 said, “The stock trades at only 0.77 times its BV (Book Value) and has a market cap of Rs. ₹1933 crore against EV (Enterprise Value) ₹3558 crores. The debt equity or DE ratio of the company is 0.67. The company has maintained a good dividend payout ratio of 17.71 per cent. Promoters increased their stake in the company in FY21 and FIIs increased the stake from 8.36 per cent to 8.52 per cent in the June 2021 quarter. Rahul Sharma said that the stock can go up ₹85 each in 12 months.
Advising stock market investors to look at realty stocks for long term; Santosh Meena, Head of Research, Swastika Investmart said, “We have a very optimistic outlook on the Indian realty sector as they are showing strong growth momentum on the back of consolidation in the industry due to lower interest rates, supportive government policies, RERA, and technology. Growth in the sector. Technically, Nifty Realty Index is witnessing a breakout after 10 years of consolidation for a fresh bull run.”
Rakesh Jhunjhunwala’s stake in Anant Raj
As per the shareholding pattern of this multibagger stock of 2021, Rakesh Jhunjhunwala holds 1 crore shares of this realty company which is close to 2.39 per cent of the net shares of 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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