
Rakesh Jhunjhunwala raises stake in this infra stock; do you own it?
The ace investor has increased stake by 0.72% in the infrastructure company through his wife Rekha Jhunjhunwala's portfolio.
The ace investor has increased stake by 0.72% in the infrastructure company through his wife Rekha Jhunjhunwala's portfolio.
Ace investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala together own a 17.51% stake in this health insurance company.
Analysts at Motilal Oswal have initiated a ‘buy’ coverage on the stock with a target price of ₹750 per share amid earnings optimism and improvement in the overall health insurance industry.
This stock has generated 550% returns in 11 months, rising from its 52-week low of ₹16.75 in April 2021, to ₹110 in intraday today.
This multibagger stock has risen 100% since the beginning of the calendar year 2022 and 170% over the past one year.
This multibagger stock has hit upper circuit for 8 sessions amid fund raising plans.
The Mumbai-based realty firm will issue 10 million warrants each to Rekha Jhunjhunwala and RARE Enterprises, which is owned by Rakesh Jhunjhunwala.
Footwear retailer Metro Brands is the second Rakesh Jhunjhunwala-backed company after Star Health and Allied Insurance that failed to impress investors on listing day.
This Rakesh Jhunjhunwala-backed realty stock surged as much as 178% over the past one year, as compared to 22% growth in the benchmark index BSE Sensex.
Rakesh Jhunjhunwala-backed Star Health and Allied Insurance failed to impress investors as it delivered a negative return of 8% since its debut on December 10.