Rakesh Jhunjhunwala Stocks: Experts bet big on these two stocks with bumper returns
Rakesh Jhunjhunwala, who is one of the Big Bulls in the Indian equity markets, has a portfolio of around 40 stocks in his bucket from finance to retail to gaming to construction. In the special segment of The Bigg Bulls Portfolio, Zee Business research analysts panel discuss about the stocks ace investor hold and gained huge returns through investing in it.
Rakesh Jhunjhunwala, who is one of the Big Bulls in the Indian equity markets, has a portfolio of around 40 stocks in his bucket from finance to retail to gaming to construction. In the special segment of The Bigg Bulls Portfolio, Zee Business research analysts panel discuss about the stocks ace investor hold and gained huge returns through investing in it.
While speaking about huge gains 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.
Va Tech Wabag
The combined investment of Jhunjhunwala and his wife Rekha is of around eight per cent stake in this water treatment company Va Tech Wabag. The company has an order book of over Rs 1000 crore and has lot of potential with respect to growth. Moreover, the government has a lot of trust in the company says Zee Business Research Analyst Varun Dubey.
In Sept 2020, Jhunjhunwala's wife Rekha had purchased 50 lakh shares for Rs 80 crore in Va Tech Wabag at around Rs 160 apiece. This stock has already shown an upside of Rs 100 per share and is currently trading at Rs 267-268 apiece, data available on exchanges show.
Dubey says, this company has a lot of potential with respect to growth. Going forward we could see a lot of opportunities in the growth. It has over 1000 crore order book.
Jain points out, the ace investor entered into the company only at the point of value buying point. He mentions that Jhunjhunwala did buy at the right time in this stock. The analyst isn't aggressive about this stock but expects it to grow around Rs 320 apiece in 3-6 months.
MCX
With a holding of around four per cent in MCX, Jhunjhunwala today has earned around 300 crores from this stock as compared to today's value of the stock, explains Chaturvedi. The company has around 93 per cent revenue with various commodity exchanges module. The company has been making around 20 per cent annually, says Chaturvedi.
The stock in 2013 was around 230 per share, however, it grew almost 100 per cent after the NSL scam to Rs 550 per share, says Jain.
He further explains this stock is undervalued a lot, the way indices, products. options they are launching. This stock should do very well going forward and sets a target pf Rs 1750 per share in 3-6 months, however, it will cross Rs 2000 per share levels going forward.
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