Rakesh Jhunjhunwala portfolio shares hit record high despite market weakness

Rakesh Jhunjhunwala Escorts Kubota portfolio shares hit new highs during Monday trading. Despite the weakness in the Indian stock market, Escorts Kubota share price opened higher today and continued to climb to new record highs, recording a gain of more than 8% on the day on Monday.

Based on stock market According to experts, this increase in Escorts Kubota stock is due to speculations about the increase in the company’s overseas business. They say the stock has strong support around 2,040 levels each and it can test 2,200 levels each in short time.

Commenting on the outlook for this Rakesh Jhunjhunwala stock, Avinash Gorakshkar, Head of Research at Profitmart Securities said, “Escorts Kubota is currently a multinational company and the market is bullish on the stock with expectations. Export business growth As the rising US dollar index is growing and expected to continue to grow strongly in the short term, the company’s export business is expected to see some additional gains. benefit from the increase in dollar prices in international goods when export business transactions are conducted in dollars.”

Expect further upside for this Rakesh Jhunjhunwala portfolio stock, said Mudit Goel, Senior Research Analyst at SMC Global Securities, “The stock is looking positive on the chart pattern. map and it can increase 2,200 levels per share in the short term. I would advise stockholders to maintain their stop loss at 2,040 levels because stocks have strong support are located at these levels. New buyers can also buy a script at the current level maintaining stop loss at 2,040 levels per person. “

Rakesh Jhunjhunwala holds shares in Escorts Kubota

Big Bull Rakesh Jhunjhunwala added this auto stock to its portfolio in the April-June 2022 quarter. According to Escorts Kubota’s stock holding model from Q4-June 2022 (when Rakesh will be). Jhunjhunwala is alive), Rakesh Jhunjhunwala holds 18,30,388 shares of the company, or 1.39% of the shares of the company.

Disclaimer: The views and recommendations expressed above are those of individual analysts or brokerage firms, not those of Mint.

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