MULTIBAGGER STOCK: This Rakesh Jhunjhunwala portfolio share rose 154 pct post-March 2020 low! Can you still make money from it?

MULTIBAGGER STOCK: Rakesh Jhunjhunwala portfolio is full of shares to buy for retail stock market investors. However, merely following the Big Bull's chosen stock is not enough. One needs to know how to strategize with regard to the stock too. The ace Indian share market investor does proper home work required before buying or selling a stock. The same has to be applied by all those retail investors who follow Jhunjhunwala to make money from the stock market to ensure they do not buy at a high and sell at a low.
 

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Rakesh Jhunjhunwala Escorts Shareholding
Rakesh Jhunjhunwala has a big stake in Escorts. This stock has jumped to the tune of Rs 1,400 per stock levels after making its March low of Rs 527 odd levels. When Escorts share price dipped to its March low, Rakesh Jhunjhunwala had 7.42 per cent of the company's shares (as per the Escorts share holding pattern for March 2020 submitted by the company at BSE) and rather than getting into a panic, Jhunjhunwala remain invested to the same tune (as per the Escorts share holding pattern for June 2020 with BSE). 

Rakesh Jhunjhunwala books profits
It was only July onwards that Jhunjhunwala's Escorts shareholding started going down when the share price started appreciating from its March low. Today, Escorts share price is again moving northward and has hit Rs 1,400 levels. In such a scenario, Rakesh Jhunjhunwla still has a 4.75 per cent Escorts shares. So, those retail investors who have Escorts shares in their portfolio, must know about the Escorts target price in next six months to one year.

Escorts share price outlook
On Escorts share price outlook Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Escorts is a leading tractor maker after Mahindra & Mahindra (M&M). Since Escorts and other tractor maker companies have reported double digit growth in their quarterly results and the trends expected to continue for next fiscal too, I am expecting the Escorts stock to further scale up to Rs 1,750 per stock levels."

Strong Escorts Fundamentals
On fundamentals that are supporting further upside swing in Escorts share price Gorakshkar said, "The Government of India has increased budget allocation to the agriculture sector and allocated Rs 16.5 lakh crore, which is huge. Since, tractor industry has direct connection with the agriculture sector, Escorts is expected to emerge as a major beneficiary of this government's decision. 

Escorts Eyes an Agri Windfall 
Most importantly, the agriculture industry remain almost insulated from the COVID-19 pandemic as there were very little COVID-19 cases being reported from the rural parts. So, the agriculture sector is at its pre-COVID strength and with increased fund allocation is all set to participate in pumping the national economic growth."