THIS Rakesh Jhunjhunwala portfolio stock can jump 54% in 12 months: Report
Zee News
Jubilant Ingrevia, a Jubilant Bhartia Group company that is backed by Rakesh Jhunjhunwala, is expected to jump 54%.
New Delhi: Several Indian stock market investors keep a tab of Rakesh Jhunjhunwala’s portfolio to manage their investments, as the big bull is known for picking up stakes in firms that usually provide bumper returns. Now, one such stock in his portfolio is expected to jump 54% in the coming 12 months.
The stock we’re talking about is Jubilant Ingrevia, a Jubilant Bhartia Group company that is backed by Rakesh Jhunjhunwala. Recently, Edelweiss Securities began its coverage on the stock with a buy rating. The brokerage firm has set a target of Rs 1006, which is 54 per cent higher than the share’s current price.
Other brokerage firms are also expected to change their ratings for the stock, as the current valuations don’t justify when it to its competitors, that too with high earnings per share growth potential.
