Rakesh Jhunjhunwala Portfolio After touching the lower circuit in Thursday’s session, Tata Motors share price appreciated 8 per cent in this morning’s deals. Shares of Tata Motors opened with a close today 17 per share and K climbed to its intraday high 465.70 each level. According to market experts, this stock can be included in your portfolio for short to medium term targets. 575 per share level. He said the stock has slight hurdle 475 and after crossing this hurdle, Rakesh Jhunjhunwala Portfolio stock can give a sharp jump in the short to medium term.
Advising situational investors to add this Rakesh Jhunjhunwala stock to their portfolio; Anuj Gupta, Vice President, IIFL Securities said, “The stock is in a bullish trend and has approached its minor hurdle. 475. Wait for some correction in this Tata group stock and buy 445 to 450 level for short term target of Maintaining a tight stop loss at 520 420 each level.”
What if Tata Motors breaks the price barrier without any profit-booking; Ravi Singhal, Vice Chairman, GCL Securities said, “This stock of Rakesh Jhunjhunwala is facing some hurdles. 470 to 475 level and there is a possibility that it may break this barrier before a profit-booking trigger. If 475 barrier broken, should buy above 475 level for short to medium term target Maintaining a tight stop loss at 575 449 each level.”
Rakesh Jhunjhunwala stake in Tata Motors
As per the shareholding pattern of Tata Motors for the period October to December 2021, Rakesh Jhunjhunwala holds 3,92,50,000 Tata Motors shares or 1.18 per cent stake in the company. Ace Investor increased his stake in the company during Q2FY22 as his stake in the company stood at 3,67,50,000 shares in the quarter of September 2021, which was 1.13 per cent of the total issued 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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