MULTI-EXCAVATOR BEARING: Rakesh Jhunjhunwala’s portfolio is full of stocks that retail investors can buy. However, it is not enough just to follow the stocks chosen by Big Bull. You have to know how to strategically approach the stock as well. The ace Indian stock market investor does the proper housework required before buying or selling any stock. The same goes for any retail investor who follows Jhunjhunwala to make money in the stock market and ensure they don’t buy at a high and sell at a low.
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Rakesh Jhunjhunwala accompanies the participation
Rakesh Jhunjhunwala has a large percentage of escorts. This stock rose to Rs 1,400 per share after hitting its March low of an odd Rs 527. By the time the Escort’s share price fell to its March lows, Rakesh Jhunjhunwala had 7.42 percent of the company’s shares (based on the March 2020 Escort Share Ownership Pattern submitted by BSE), and instead of panicking, Jhunjhunwala stayed invested the same tune (according to the escort stock holding model for June 2020 with BSE).
Rakesh Jhunjhunwala posts profits
It wasn’t until July that Jhunjhunwala’s stake in Escorts began to decline when the share price began to rise from its March low. Today the price of the escort stock is moving north again and has reached a level of 1,400 rupees. In such a scenario, Rakesh Jhunjhunwla still has 4.75 percent escort shares. Private investors who have Escorts stocks in their portfolio must therefore know the Escort price target in the next six months to a year.
Escort share price outlook
On the price outlook for escorts stocks Avinash Gorakshkar, head of research at Profitmart Securities, said: “Escorts is a leading tractor manufacturer after Mahindra & Mahindra (M&M). Since then, Escorts and other tractor manufacturers have reported double-digit growth in their quarterly results and trends I assume that the Escort share will continue to grow to Rs 1,750 per inventory in the next fiscal year. “
Strong escort basics
Commenting on the fundamentals supporting another uptrend in Escorts stock price, Gorakshkar said, “The Indian government increased the budget allocation for the agricultural sector and allocated Rs.16.5 billion, which is huge. Since then, the tractor industry has had a direct link with the agricultural sector Escorts is expected to be the main beneficiary of this government’s decision.
Escort Eyes and Agri Windfall
Most importantly, agriculture remains virtually isolated from the COVID-19 pandemic, as very few COVID-19 cases have been reported from rural areas. So the agricultural sector is in its strength before the COVID and as the allocation of resources increases, it will be ready to stimulate national economic growth. “
