Rakesh Jhunjhunwala Tata Motors’ portfolio stock has generated a return of around 250% for its investors over the past year. According to Tata Motors’ stock price history, Tata Motors stock has gone from ₹98.25 per share to ₹NSE 344.50 mark – registering around 240 percent over the past year. Auto stock is expected to remain the bulls favorite, according to stock market experts, as unlocking activity and solid chart trends suggest further bullish movement in upcoming trading sessions. They suggested that investors buy these shares of Rakesh Jhunjhunwala for the long term goal until ₹450.
Speaking on the fundamentals supporting this Rakesh Jhunjhunwala action, Avinash Gorakshkar, head of research at Profitmart Securities, said: A new bullish move as company management announced it would become a business without debt by fiscal year 2023-24. “
Sharing key levels and the long-term Tata Motors share price target, Rohit Singre, Senior Technical Research Analyst at LKP Securities, said: ₹325 per stock level. One can buy these shares of the holding company Rakesh Jhunjhunwala at the current market price for a target of 6 to 9 months of ₹450. However, we must keep the stop loss at ₹325. “He said that the minor obstacle to ₹360 marks and once he clears that hurdle he will soon reach ₹400 target in the immediate short term.
Participation of Rakesh Jhunjhunwala in Tata Motors
According to the company’s stock ownership model available with the ESB for the March 2021 quarter, Rakesh Jhunjhunwala owns 4,27,50,000 shares of the company, which represents approximately 1.29% of the company’s net shares.
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