This Rakesh Jhunjhunwala portfolio share has given more than 373 pct returns in just 1 year
Rakesh Jhunjhunwala portfolio share: It's a well known fact that being with winners makes you a winner and this proverb holds well in stock markets too. You side either with the bull or with the bear and both have their day. That's why, retail investors closely follow the portfolios of big bulls especially. Rakesh Jhunjhunwala is one of the most closely followed big bulls in India. He has minted whopping returns in the recent times, especially post-COVID rebound in the market.
In Rakesh Jhunjhunwalala shareholdings, there are 39 stocks and Prakash Pipes is one of them. The stock is in focus these days because it has delivered more than 373 per cent returns to its shareholders in the last one year. Prakash Pipes share price jumped from Rs 26.70 (close price on 8th April 2020) to Rs 126.40 (close price on 5th April 2021).
Rakesh Jhunjhunwalala shareholding in Prakash Pipes
As per the latest exchange filing by the Prakash Pipes, Big Bull Rakesh Jhunjhunwala holds 1.31 per cent shares and that means he owns 3,12,500 shares of the company. Jhunjhunwala held the same number of stocks in the December ended quarter that means, the Big Bull remained hopeful of a further rise in the Prakash Pipes share price.
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Speaking on Prakash Pipes share price outlook, Avinash Gorakshkar, Head of Research at Profitmart securities said, "Overall outlook of Prakash Pipes shares are positive. They mainly manufacture PVC pipes and its demand is expected to further rise as in the upcoming times, the government of India plans to send water connections to each household. However, the major concern for the company is rising PVC raw material cost. It may create a challenge for the company as it is a small company and its market cap is around Rs 300 crore only."
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