Rakesh Jhunjhunwala Portfolio: All eyes are on the portfolio of stock market veteran and Big Bull Rakesh Jhunjhunwala. A stock included in BigBull’s portfolio is seeing tremendous growth today. The share price of Indiabulls Housing Finance is showing tremendous growth in the stock. On Thursday, the company’s shares are trading at Rs 125.45, up more than 2.28 percent. This stock is showing strength going forward.
Why are its shares running away?
A decision of the government has made this stock a rocket. In fact, the Union Cabinet has approved the continuation of the Pradhan Mantri Awas Yojana-Urban (PMAY-U) mission till December 31, 2024. After this, the share price of Indiabulls Housing Finance rose to a high of Rs 125.45. Brokerage houses are also bullish on this stock. Sumeet Bagdia, Executive Director, Choice Broking, says that this stock is trading at Rs 130 and can go further up to the level of 150. You can buy the stock with a stop loss of up to 110 and hold the stock for a short-term target of Rs 150.
Rakesh Jhunjhunwala has 55 lakh shares
Market’s veteran investor Rakesh Jhunjhunawala also has strong shares in this stock. As per the shareholding pattern of Indiabulls Housing Finance for the quarter of April to June 2022, Rakesh Jhunjhunwala holds 55 lakh shares or a 1.17 percent stake in the company. In such a situation, small investors can also invest in it. This stock can give strong returns in the future also.
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