Rakesh Jhunjhunwala portfolio shares to buy today: Experts pick Federal Bank stock for over 75% gains - can rally 150%
Rakesh Jhunjhunwala portfolio shares are widely followed by the retail investors of stock market in India. That's why the Big Bull is known as Warren Buffett of India.
Rakesh Jhunjhunwala portfolio shares are widely followed by the retail investors of stock market in India. That's why the Big Bull is known as Warren Buffett of India. With a view that being with winners makes you a winner, retail share market investors keep an eye on the Rakesh Jhunjhunwala share holdings. In fact, Dalal Street experts too keep following Rakesh Jhunjhunwalal shares and recommend investors as one of the shares to buy for them. Federal Bank shares are one such stock picked from the market experts that is expected to give more than 75 per cent returns in the long-term time-horizon.
According to the Angel Broking research report, "Federal bank is one of India’s largest old generation private sector banks with total assets of Rs 1.9 lakh crore with deposits of Rs 1.56 lakh crore and a loan book of Rs 1.2 lakh crore in F21." The Angel Broking report has recommended buy calls for the retail investors in regard to the Federal Bank shares for the target of Rs 110.
Highlighting the technical aspects involved in Federal Bank share price; SEBI registered technical equity analyst Simi Bhaumik said, "Federal Bank has strong support range at Rs 82-85 per stock levels and one can buy Federal Bank shares at current near Rs 85 levels for the short-term target of Rs 100 to Rs 110. Once it breaks this Rs 110 levels, it would rally further up to Rs 150 levels in the long-term time horizon." However, she recommended strict stop loss at below Rs 80 while taking buy position in Federal Bank stocks.
WATCH | Click on Zee Business Live TV Streaming Below:
Rakesh Jhunjhunwala net worth in Federal Bank shares
As per the BSE data available at bseindia.com, Rakesh Jhunjhunwala holds 2.4 per cent of the net Federal Bank shares. The Big Bull has 47,221,060 shares of Federal Bank, suggesting the latest shareholding pattern filed by the bank in the December quarter.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.