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HomeNewsRakesh Jhunjhunwala: Other veterans are also eyeing this favorite stock of Rakesh...

Rakesh Jhunjhunwala: Other veterans are also eyeing this favorite stock of Rakesh Jhunjhunwala, what do you have!

Most experts believe that this stock can touch the level of 1500 rupees in a period of 1 to 2 months.

Rakesh Jhunjhunwala is called Big Bull in the Indian Stock Market. Jhunjhunwala mainly invests in stocks in the finance, tech, retail and forma sectors. Retail investor in India follows Rakesh Jhunjhunwala.

It is generally believed that the stocks included in Rakesh Jhunjhunwala’s portfolio have the potential to deliver higher returns than the average market growth. Ion Exchange is one such stock, according to the shareholding pattern of ION Exchange stock available in BSE, Rakesh Jhunjhunwala holds 5.3% holding in the company from September 2019 quarter.




Looking at the share price of ION Exchange, the stock was trading at Rs 1281.50 on 9 April 2021 from its level of Rs 636.30 on 13 April 2020. This stock has seen an increase of about 101 per cent in a year.

Market giants are currently bullish on this share. Most experts believe that this stock can touch the level of Rs 1500 in a period of 1 to 2 months.

Avinash Gorakshakar of Profitmart said in a conversation with Live Mint that the balance seat of ION Exchange is quite strong. The debt on this is quite low. There is a possibility of a good growth in earnings of the company ahead. In the next 2-3 months, the stock may see 15-20% growth.

Similarly, Rohit Singre of LKP Securities also says that the stock has strong support up to Rs 1200 level. It closed at Rs 1281 on Friday. Asparas of Rs 1300 seems to be a strong register in this stock. If anyone has this share, then hold a stoploss of Rs 1200 and hold the profit book when you reach around 1500 rupees. In this stock, the level of Rs 1500 can be easily seen in 1-2 months.

Parvesh Maurya
Parvesh Maurya
Parvesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ informalnewz@gmail.com
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