Rakesh Jhunjhunwala’s portfolio stock at record high despite weakness in markets

According to Share Market Experts, this rise in the shares of Escorts Kubota is due to speculations about growth in the company’s overseas business. He said the stock has strong support at close He said 2,040 each level and it could test 2,200 each in the short term.

Speaking on this Rakesh Jhunjhunwala Stock Outlook, Avinash Gorakshakar, Head of Research, Profitmart Securities said, “Escorts Kubota is now a multinational company and the market is expecting a rally in the stock in anticipation of growth in its export business. Dollar Index. As rising and expected to remain strong in the short term, the company’s export business is expected to get some additional gains due to increase in dollar value in international trade as export trade deals are executed in dollar terms “

Rakesh Jhunjhunwala Portfolio Expecting further upside in the stock, Mudit Goyal, Senior Research Analyst, SMC Global Securities said, “Stock is looking positive on the chart pattern and it may go up. 2,200 per share level in the short term. I would advise the shareholders of the stock to maintain the trailing stop loss The stock has found strong support at this level as the 2,040 level. New buyers can also buy the scrip at the current levels, maintaining the stop loss 2,040 each level.”

Rakesh Jhunjhunwala’s stake in Escorts Kubota

Big Bull Rakesh Jhunjhunwala had included this auto stock in his portfolio during the April to June 2022 quarter. As per Escorts Kubota shareholding pattern for the April to June 2022 quarter, Rakesh Jhunjhunwala held 18,30,388 shares or 1.39 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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