Rakesh Jhunjhunwala Stock: BIG gains! On NCC share price, here is what expert has to say

Ace investor Rakesh Jhunjhunwala has a portfolio of around 40 stocks that spans finance, retail to even gaming. In the special segment of The Big Bulls Portfolio, Zee Business research analysts panel discusses about the stocks ace investor holds and from which he has gained huge returns.

While speaking about huge gains that these celebrity investors make from the market, Tradeswift's Sandeep Jain points out that they have three things in common when they invest in any stock: Conviction, Discipline and Research. These big investors follow a single pattern of Buy, Hold and Forget strategy.

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NCC
The first stock that has given exponential gains to Jhunjunwala in the month of March alone is from the construction space, NCC. Jhunjhunwala has 12.84 per cent stake in the company, and the overall stake value is around Rs 620 crore, at current price.

Jhunjhunwala had been investing in this stock through multiple channels such as open market, block deals and in 2014, he invested in it through rights issue at Rs 20 per share. The celebrity investor has made huge gains from the stock alone in March.

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Zee Business Research Analyst Ashish Chaturvedi says, when it comes to investment in a construction company, it becomes mandatory to check the company's order book. NCC has over Rs 20,000 crore order book with execution rate of 80 per cent.

He further adds, with 37 km road been constructed every day, the order book of this company is set to grow in FY22. Moreover, the management of the company also believes execution rate to be at 90 per cent going forward.

Tradeswift's analyst Sandeep Jain believes, in order to invest in such kind of companies you require higher conviction, especially for a company which has debt of Rs 1800-2000 crore. The entry of Jhunjhunwala in this company boosts confidence of other investors. It indeed has good order book. 

And, it can be purchased with a target of Rs 95 apiece for 3-6 months.

(Authored by Vaibhav Bansode)