Business

Jhunjhunwala’s investment is also in this stock giving up to 54 percent return next year.

Highlights:

  • Jubilant Ingravia’s stake in Rakesh Jhunjhunwala’s portfolio
  • The company’s strong presence in pharma and agribusiness could boost its profits in the coming days
  • Analysts expect the stock to deliver 54 per cent returns in the next 12 months

New Delhi: Who does not want to earn money by investing in the stock market? But which stocks to invest in is a hassle. So we are telling you about a share of Rakesh Jhunjhunwala, who is called the Big Bull of the stock market. Which, made the video an overnight sensation.

Rakesh Jhunjhunwala’s portfolio includes shares of Jubilant Ingravia, which has seen a good rise in the last several days. Analysts expect the stock to give 54 per cent returns in the next 12 months. Due to the weak valuation of Jubilant Ingravia and good earnings as compared to its competitors, one can still get good returns by investing in this stock.

Chances of getting up to 54% returns in a year
Brokerage firm Edelweiss Securities recently started covering the stock. Edelweiss has set a target price of Rs 1,600 per share. According to this, buying shares at the current price can give a return of up to 54 percent in a year.

strong balance sheet
A report by Edelweiss Securities said the company’s strong presence in the pharma and agri businesses could boost its profits in the coming days. At the same time, the company is doing business by building good relationships with global leaders, which can increase the growth of the company in the coming days.

no debt on the company
According to Edelweiss Securities, investors may not understand the business model of Jubilant Ingravia properly at this time. The company currently has a return of 22 per cent on its capital with no debt on its balance sheet.

Big Bull participation in the September quarter
Veteran stock market investor Rakesh Jhunjhunwala held 6.3 per cent stake in the company in the previous quarter, up from 5.5 per cent in the September quarter. The company is into the specialty chemical business and is also involved in the commodity business.

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