Rakesh Jhunjhunwala earned Rs 186 crore in 10 minutes from these two stocks, do you also have these stocks?

This stock included in Rakesh Jhunjhunwala’s portfolio can give double returns, know the reason

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new Delhi. Rakesh Jhunjhunwala Portfolio: The stock included in the portfolio of stock market veteran Rakesh Jhunjhunwala has a great earning opportunity in VA Tech Wabag Ltd. Actually, the company’s results in the quarter ended December 2021 have been very strong. Global brokerage firm Nomura has given a buy advice on the stock of Wa Tech Wabag. Rakesh Jhunjhunwala Holdings holds 8 per cent stake in the company.

Nomura gave BUY rating
Nomura has increased its target to Rs 634 while maintaining its BUY rating on this stock. According to the brokerage firm, the EBITDA margin level may remain above 10% in 2023. Wa Tech Wabag is a complete water and waste water treatment solutions provider company.

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Nomura believes that the company’s execution track record, order book looks very strong. The company is also working on expanding its capacity. Which will benefit it in the long run. The company is working very fast on the projects achieved.

Shares of Rakesh Jhunjhunwala Portfolio
Wa Tech Wabag is included in the portfolio of Rakesh Jhunjhunwala, the ‘Big Bull’ of the stock market. As per BSE shareholding pattern, Rakesh Jhunjhunwala’s portfolio holding 8.04% per cent (5,000,000 equity shares) in the company during the December 2021 quarter is valued at around Rs 150 crore. Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala has invested in this. Jhunjhunwala currently has 37 stocks in his portfolio.

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VA Tech Wabag is a water treatment company, which was started in 1995. Actually, the Narendra Modi government at the Center has more emphasis on drinking water and water treatment. The government has started the ‘Nal Se Jal’ scheme. Companies like VA Tech Wabag will get the benefit of this.

Tags: Rakesh Jhunjhunwala, stock market, Stock tips

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