Following Rakesh Jhunjhunwala portfolio? This is the share to buy today, say experts
Rakesh Jhunjhunwala portfolio shares are very closely followed by retail stock market investors. There is a long list of investors who look forward to ace Indian stock investor's share holding as they feel that it is an indicator about the potential stocks that can help them make money at faster rate.
Rakesh Jhunjhunwala portfolio shares are very closely followed by retail stock market investors. There is a long list of investors who look forward to ace Indian stock investor's share holding as they feel that it is an indicator about the potential stocks that can help them make money at faster rate. Titan shares are one of them. As per Rakesh Jhunjhunwala share holding, the the Big Bull of India holds 5.32 per cent of the Titan shares. As per stock market experts, Titan share price is expected to hit Rs 1650 in long-term time horizon as the jewelry business is expected to remain strong due to the upcoming marriage season in both north and south India.
Speaking on the Titan share price target in long-term time horizon SEBI registered technical equity analyst Simi Bhaumik said, "The jewellery sector is one such sector where the major push comes from the women buyers. This is also a very viable investment option. The top stock from this sector is Titan. It is one of the leading jewllery brands in India. The company has over 300 showrooms in 200 cities in India."
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Bhaumik said that the stock is positioned strongly on the technical charts and is also currently available at lower levels. Titan stock should be accumulated at levels around Rs 1470. This stock should be bought even with a long-term perspective. The target price of Titan is between Rs 1600-Rs 1650. She puts the stop-loss at Rs 1400. Titan stock should be bought with a 12-month view, she said.
Speaking on the fundamental support that would drive Titan share price in the long-term time horizon; Saurabh Jain, AVP — Research at S&P said, "In India, jewelry companies get traction from zones. As the marriage season is fast approaching, Titan Company's business is expected to remain strong in both north and south zone. The company has already reported good business in its quarterly results as thing psot-COVID-19 are fast improving. So, in the long-term perspective, Titan share price is expected to showcase sharp upside bias."
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