This stock of Rakesh Jhunjhunwala became the first choice of brokerage house, know the target price

This stock of Rakesh Jhunjhunwala became the first choice of brokerage house, know the target price

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new Delhi. If you have seen ‘Scam 1992 The Harshad Mehta Story’ web series, then it will also be remembered that Harshad Mehta, the main character of the story, many times advises people to buy any Tata share, in the long term it has to go up. . From small investors to big players in the stock market, Tata Stocks has always been trusted.

At present, Titan Company’s stock is also the highest in Big Bull Rakesh Jhunjhunwala’s portfolio (Rakesh Jhunjhunwala Portfolio). Now brokerage firms Macquarie and ICICI direct have also advised to buy this stock. On Wednesday (9 March 2022), the share of Titan closed at Rs 2433.65.

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What is the target price of Titan
MACQUARIE rated Outperform on Titan. The brokerage firm has given its target price of Rs 3,350. The firm believes that currently the market is under pressure due to global conditions, but as soon as the market returns, Titan’s stock can also go upwards rapidly. The brokerage firm believes that there are good earning opportunities for this jewelery company due to strong demand.

Talking about ICICI Direct, it has given a target of Rs 2,860 for the share of Titan Company. The brokerage firm believes that the company’s shares can reach this level in 3 months. Further, Anuj Gupta, Vice President, IIFL Securities said, “The stock can go up to Rs 2,900 in the mid term. If you are a long term investor then you can hold this stock for levels ranging from Rs 3,000 to Rs 3.200.

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Rakesh Jhunjhunwala’s holding in Titan
According to Titan Company’s shareholding, in the October to December 2021 quarter, both Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have invested in this Tata group company. Rakesh Jhunjhunwala holds 3,57,10,395 shares in Titan, while his wife Rekha Jhunjhunwala holds 95,40,575 shares in the company. So, the Jhunjhunwala couple holds 4,52,50,970 or 5.09 percent stake in the company.

Tags: Rakesh Jhunjhunwala, Stock tips, Stocks

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