E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Opening Bell: Nifty, Sensex start flat; energy, metal, IT stocks shine

June 30, 2022

Oil prices stable as market weighs fuel stocks build amid supply concerns

June 30, 2022

Anil Singhvi Strategy on June 30: Support zone on Nifty is 15675-15750 and Bank Nifty is 33000-33125

June 30, 2022
Facebook Twitter Instagram
E Amazings
  • Home
  • Automotive
  • Business
  • CBD
  • Crypto
  • Education
  • Entertainment
  • Fashion
  • Finance
  • Health
  • Home Improvement
  • Law \ Legal
  • News
  • Shopping
  • Sports
  • Technology
  • Travel
Facebook Twitter Instagram
E Amazings
You are at:Home»Business»Rakesh Jhunjhunwala stocks: Big Bull’s these 2 bank and specialty chemical shares can give up to 47% return in 12 months
Business

Rakesh Jhunjhunwala stocks: Big Bull’s these 2 bank and specialty chemical shares can give up to 47% return in 12 months

Paul EasterBy Paul EasterJune 10, 2022No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter Pinterest WhatsApp Email


Rakesh Jhunjhunwala Portfolio: Ace investor Rakesh Jhunjhunwala’s two stocks can clock over 47% return in the next 12 months. Brokerage house Angel One is bullish on Jhunjhunwala’s private bank and specialty chemical shares—Federal Bank and Jubilant Ingrevia.  

Jubilant Ingrevia 

As per the brokerage, Jubilant Ingrevia, one of the stocks in Jhunjhunwala’s portfolio, can surge up to 47% on its Friday’s low price of Rs 477 per share. It maintains a target price of Rs 700 for this specialty chemical stock.  

“At current levels the stock is trading at P/E multiple of ~13.5xFY24 EPS which is at a significant discount to other chemical companies. Therefore, we believe that there is value in the stock at current levels and hence rate it a BUY,” the brokerage said.  

The billionaire investor holds 7,520,000 shares of Jubilant Ingrevia as per the share holding pattern of the company for the quarter ended March 2022. This accounts for a total of 4.7% stake in the company.  

Jubilant Ingrevia, was formed by spinning off the chemical and life science ingredients of Jubilant Life Sciences Ltd. The company has a vast array of products across its three divisions and is one of the top two producers of Pyridine – Beta and vitamin B3 globally. 

Federal Bank 

Angel One maintained a buy rating with a target price of Rs 120 for the private bank stock. On Friday’s low of Rs 90.25 on the BSE, the upside turns out to be 33% on Federal Bank in one year.  

The Big Bull of the Indian stock market, Jhunjhunwala holds 3.7% stake aggregating to 75,721,060 shares of the company.  

“Overall asset quality for the quarter improved in Q4FY22, which was in line with our expectations. We expect asset quality to improve further in FY2023 given normalization of the economy,” said the brokerage, adding we remain positive on the bank.  

Federal bank is one of India’s largest old generation private sector banks. At the end of Q4 FY’22, the bank had advances of ` 1.45 lakh cr. and deposits of ₹ 1.81 lakh cr. The bank predominantly has a secured lending book, which helped limit asset quality issues during the Covid 19 pandemic. 

At 2.55 pm on Friday, shares of Federal Bank and Jubilant Ingrevia were trading at Rs 91.10 and 480.80 per share on the BSE respectively.  



Paul Easter

Related Posts

Opening Bell: Nifty, Sensex start flat; energy, metal, IT stocks shine

By Paul EasterJune 30, 2022

Oil prices stable as market weighs fuel stocks build amid supply concerns

By Paul EasterJune 30, 2022

Anil Singhvi Strategy on June 30: Support zone on Nifty is 15675-15750 and Bank Nifty is 33000-33125

By Paul EasterJune 30, 2022

Buy, Sell or Hold: What should investors do with AU Small Finance Bank, MMTC and Aavas Financiers?

By Paul EasterJune 30, 2022
Add A Comment

Comments are closed.

Our Picks

Opening Bell: Nifty, Sensex start flat; energy, metal, IT stocks shine

By Paul EasterJune 30, 2022

Oil prices stable as market weighs fuel stocks build amid supply concerns

By Paul EasterJune 30, 2022

Anil Singhvi Strategy on June 30: Support zone on Nifty is 15675-15750 and Bank Nifty is 33000-33125

By Paul EasterJune 30, 2022
Recent Posts
  • Opening Bell: Nifty, Sensex start flat; energy, metal, IT stocks shine June 30, 2022
  • Oil prices stable as market weighs fuel stocks build amid supply concerns June 30, 2022
  • Anil Singhvi Strategy on June 30: Support zone on Nifty is 15675-15750 and Bank Nifty is 33000-33125 June 30, 2022
  • Buy, Sell or Hold: What should investors do with AU Small Finance Bank, MMTC and Aavas Financiers? June 30, 2022
  • Stocks to buy today: MTAR Tech, Apollo Tyres, Minda Industries and Bharti Airtel among list of stocks for profitable trade on June 30 June 30, 2022
  • Record-Setting Jumper Tosses Biomimicry Out The Window June 30, 2022
  • Udyami Bharat Programme: PM Narendra Modi to launch several schemes on June 30 to ramp up MSME sector June 30, 2022
Archives
  • June 2022
Facebook Twitter Instagram Pinterest TikTok
  • Home
© 2022 E Amazings - All Rights Reserved.

Type above and press Enter to search. Press Esc to cancel.