Rakesh Jhunjhunwala Portfolio Price picks are closely followed by retail investors. There is good news for such investors. One of the stocks of Rakesh Jhunjhunwala, MAN Infrastructure shares has given breakout on close basis and is expected to give sharp rally in near term. According to stock market experts, the Government of India (GoI) announced increased spending on the infrastructure sector and the Maharashtra government announced a stamp duty waiver, which are the major triggers that favor mid-cap stocks to move beyond the current levels. will work in
Speaking on MAN Infrastructure Share Price Outlook; Sumeet Bagdia, Executive Director, Choice Broking said, “This portfolio stock of Rakesh Jhunjhunwala has given breakout on a close basis. 102 per share level. Now, the stock is expected to give a sharp bounce from the current levels and may go up from 115 120 in the next one month. However, one must maintain a strict stop loss Taking a position at 90 counters.”
On Triggers That Will Fuel Man Infraconstruction Share Price Rally; Ravi Singhal, Vice Chairman, GCL Securities said, “Government of India announces increased spending on infrastructure sector, Nifty Realty Index hits 10-year breakout and Maharashtra State Government announces stamp duty waiver, leading to MAN infrastructure shares The triggers are. There is presence of man infrastructure and realty market around Mumbai and the company is going to benefit a lot from the recent stamp duty waiver by the state government. Government of India is focusing on infrastructure sector and in the upcoming budget 2022, We can expect some more positive announcement from Finance Minister Nirmala Sitharaman.”
Ravi Singhal of GCL Securities said that the Nifty Realty Index recently gave a 10-year breakout and MAN Infrastructure Shares being a mid-cap stock is expected to attract new investors.
advising positional investors to stay on the counter for 8-9 months; Ravi Singhal of GCL Securities said, “At current levels MAN Infrastructure should buy the stock and hold for the target of 8-9 months. 175 to 180 per.”
Rakesh Jhunjhunwala’s stake in Man Infrastructure
As per the shareholding pattern of Man Infrastructure Construction for the period ended November 2021, Big Bull holds 4.5 million shares of the Company, which is 1.21 per cent of the total paid-up capital 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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