Rakesh Jhunjhunwala Portfolio: Experts Recommend Buying This Tata Group Share

Portfolio of Rakesh Jhunjhunwala: Despite a 13% fall in the Tata Motors share price since the start of the year, Big Bull Rakesh Jhunjhunwala has maintained his stable stake in the Tata group company. It looks like his conviction will now bear fruit. According to stock analysts, Nifty Auto Index recently broke above 11,000 levels and also held above 11,100. They said the theme of unlocking and the ease of the semiconductor issue could fuel this Rakesh stock. Jhunjhunwala and other auto stocks in upcoming sessions as the sector remained “non-participating” in last year’s market rally.

Speaking on Tata Motors share price outlook, Sumeet Bagadia, Executive Director of Choice Broking, said: “Nifty Auto Index gave a breakout at 11,000 levels and it held 11,100 levels, which bodes good for auto stocks in the short to medium term Tata Motors shares have strong support at 410 and any decline from current levels of 430 should be seen as a buying opportunity. He faces an immediate obstacle to 450 while 470 to 480 is a major hurdle for this stock in Rakesh Jhunjhunwala’s portfolio.”

On the fundamentals that could fuel the rise in Tata Motors’ share price in the short term, Avinash Gorakshkar, head of research at Profitmart Securities, said: “Auto stocks have remained almost non-participating in the recent market rally, but as a result of unlocking theme and ease of semiconductor issue, Tata Motors is expected to gain momentum.However, much will depend on unlocking rate as there is nothing wrong with the fundamentals of the device. company and being a Tata Group stock, it is one of the quality auto stocks that one can accumulate at one of the attractive valuations.”

Rakesh Jhunjhunwala owns Tata Motors

According to the Tata Motors shareholding scheme for the January to March 2022 quarter, Rakesh Jhunjhunwala owns 3,92,50,000 shares, or approximately 1.18% of the company’s total paid-up capital. Rakesh Jhunjhunwala had kept his stake unchanged in this Tata Group car company as he owned the same 3,92,50,000 Tata Motors shares from October to December 2021 as per the Tata Motors shareholding scheme.

Warning: The opinions and recommendations made above are those of individual analysts or brokerage firms, and not of Mint.

To subscribe to Mint Bulletins

* Enter a valid email

* Thank you for subscribing to our newsletter.

Comments are closed.