Trading in Rakesh Jhunjhunwala portfolio stocks? Experts have this suggestion before you go for this 'share to buy'

Rakesh Jhunjhunwala portfolio shares are closely followed by the retail stock market investors. Any corporate development in the Big Bull-owned stocks becomes a big trigger for the retail investors of Dalal Street. Escorts share price is one of them. Recently, Escorts has reported 17 per cent volume growth in the 11 months of FY 2020-21 which is one of the big triggers for the Escorts shares price today. However, if we go by the stock market experts, they have suggested investors to maintain discipline so that they don't fall prey to these sentiments that won't last for long. They said that Escorts stock price is bullish only when it sustains above Rs 1,350 and once it comes above this level, it would be one of the good 'shares to buy.'

Speaking on the corporate development that is luring retail investors of the stock market Amarjeet Maurya, AVP - Mid Caps at Angel Broking said, "Escorts has reported  around 17 per cent Volume growth in 11MFY21 ( in 11 months of FY 2020-21 or April to February in FY21) on back of positive macroeconomic factors and strong rural cash flows. The supply side situation is normal, but rising inflation continues to be a worry. Hence, the company is taking the price of its tractors from 1st April 2021. There has been a steady rise in commodity prices necessitating a price hike to offset the impact of the inflation. The increase in prices vary from models and variants. Thus, overall this is a positive development for the company, which would support profitability going ahead.”

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Suggesting retail investors to maintain patience while making any investment decision in regard to Escorts shares; Mudit Goel, Senior Research Analyst at SMC said, "Escorts stocks are one of the shares to buy only when it sustains above Rs 1,350 levels. Right now, it is range-bound and those who have Escorts share holding can maintain the stop loss at Rs 1,230. Once Escorts stock price sustains above Rs 1,350, one can buy Escorts shares for an immediate target of Rs 1,440 and those who want to maximise their gains can further hold Escorts counter for Rs 1,500 target."

Rakesh Jhunjhunwala share holding in Escorts is 4.75 per cent (64 lakh shares) and the stock is one of the 39 Rakesh Jhunjhunwala portfolio shares.