Jhunjhunwala Portfolio Stock Hits Record High, Jumps 15% in 6 Days

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Jhunjhunwala Portfolio Stock Hits Record High, Jumps 15% in 6 Days
Credit: © Reuters.

By Malvika Gurung

Investing.com -- Shares of tractor manufacturing major Escorts (NS: ESCO ) Kubota hit an all-time high of Rs 2,957.15 apiece on Tuesday, rising 3.83% in the intraday trade.

The stock has declined only once in the past six trading days, jumping 14.7% in the period. The agricultural machinery stock has zoomed 37% so far in the calendar year 2023 and has risen sharply by 60.5% over the past one year.

Marquee investor Rekha Jhunjhunwala, the wife of late ace investor Rakesh Jhunjhunwala holds a total of 17,90,388 equity shares of Escorts Kubota as on June 30, 2023.

As per the leading engineering company’s June 2023 quarter shareholding pattern, Rekha Jhunjhunwala owns a 1.62% stake in Escorts Kubota. At the mid-cap stock’s current market price, Jhunjhunwala’s total holding in Escorts Kubota stands at Rs 524.49 crore.

InvestingPro’s financial models appear bearish on Escorts Kubota’s stock and have an average fair value of Rs 2,744.19/share set on it, indicating a downside of 6.5% from the stock’s last traded price (LTP).

The most bearish value has been set by the ‘DDM Stable Growth’ investing model, at a fair value of Rs 1,525 per share, which indicates a strong potential downside of 48%.

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  • NIRAV JARIWALA @NIRAV JARIWALA
    jsw steel ka future sell kiye hai 796 me 4 lot stop loss 805
    Like 1
    • dheeraj kendre @dheeraj kendre
      target
      Like 2
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