Jhunjhunwala Portfolio: This stock in the portfolio of veteran investor Rakesh Jhunjhunwala can give you more than double returns.
Jhunjhunwala Portfolio: Jubilant Ingrevia included in the portfolio of veteran investor Rakesh Jhunjhunwala can increase your money by more than double. This stock has weakened by about 24 percent this year, but now if market experts are to be believed, then your money can more than double to about 126 percent. Jubilant Ingravia is a giant in the specialty chemicals, nutrition and health solutions and life science chemicals sectors.
Right now its shares are at a price of Rs 446.15 on BSE and market experts have set a target price of Rs 1006 for investing in it, that is, if you invest at the current price, your money can be almost doubled in it. According to the company results of March 2022 quarter, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 4.7 percent stake in this company.
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You can get up to 155% return in bull case
- Jubilant Ingravia is increasing investments and focusing more on the specialty chemicals and nutrition business. Due to this, its revenue is expected to grow sharply and net profit is expected to grow by 10 percent in the financial year 2022-23 and 11 percent in the financial year 2023-24.
- It has strong business links with global pharmaceutical and agrochemical companies.
- Its cash flow will continue to be supported by the commodity chemicals business.
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- In view of all this, brokerage firm Edelweiss has fixed a target price of Rs 1006 for investing in it, which is about 126 percent upside from the current price. On the other hand, another brokerage firm Monarch Networth Capital has set a target of Rs 890 for investing in it, which is almost 100 percent upside from the current price. This means that your money is likely to double or more in this. Monarch Networth Capital has kept its target price in the bull case at Rs 1136, which is about 155 percent more than the current price.
Shares are available at half price
Last year on October 18, 2021, the shares of Jubilant Ingravia had reached a record 52-week high of Rs 877.95. After this, its business was affected due to the Russia-Ukraine war and the Corona epidemic, which had an effect on its shares. Its shares had slipped to a low of Rs 401.35 on March 8 this year, which is now at a price of Rs 446.15. According to Monarch Networth Capital, by investing in it at the current price, a return of 126 percent can be achieved in just one year.
(The stock recommendations given in the story are those of the respective research analyst and brokerage firm. Financial Express Online takes no responsibility for the same. Investments in capital markets are subject to risks. Please consult your advisor before investing.)