Rakesh Jhunjhunwala’s this share in last bet can cause Loss
Rakesh Jhunjhunwala Auto Share: Rakesh Jhunjhunwala, who was a well-known and veteran investor of the stock market, included the auto sector stock Escorts Kubota in his last days. However, brokerage house Motilal Oswal is currently neutral about this stock.
The brokerage has feared a fall in the stock and has given a neutral rating. According to the brokerage, there is no clarity on some things in the growth right now. In such a situation, further pressure can be seen. Let us inform that Escorts Kubota is the only stock among the newly joined stocks in Rakesh Jhunjhunwala’s portfolio during the June quarter.
22% weakness may come in the stock
Brokerage house Motilal Oswal has given a neutral rating on the stock of Escorts Kubota. The brokerage house has estimated a 22 percent fall in the stock from the current price and has given a target of Rs 1575. Whereas the current price of the share 2020 is Rs. The brokerage says that it is not yet clear what role Escorts will play in component sourcing (trading, manufacturing or just facilitating). At the same time, we are waiting for clarity on investment, timeline and target. Some of the growth drivers of the company will also take time to reflect on their financial position.
Rakesh Jhunjhunwala 3 Objectives of ESCORTS
According to the brokerage, ESCORTS has told about its mid term business plan with 3 objective. The first of these is that in terms of volume, Kubota will be the Numro Uno global tractor manufacturing company in the coming days. The focus will be on increasing the revenue and profitability of the company. At the same time, the focus of the company is also to promote agricultural mechanization globally.
Rakesh Jhunjhunwala bought 1.4 stake
Rakesh Jhunjhunwala founded Escorts Kubota Ltd. I had bought 1.4 per cent stake in the June quarter. His portfolio includes 1,830,388 shares of the company. He did not hold a single share of the company in the March quarter of the financial year 2022. Although Jhunjhunwala had shares of Escorts Kubota even before that. He held 5.2 per cent in the company in the December quarter of the last financial year, 4.8 per cent in the September quarter and 4.8 per cent in the June quarter. In the June quarter of the financial year 2021, he held 7.4 percent stake in the company.
