Rakesh Jhunjhunwala stocks: MULTIBAGGER! Your Rs 5 lakh would have become Rs 23.63 lakh in less than 1 year
Rakesh Jhunjhunwala stocks: The year 2021 has given a good number of multibagger stocks. This is because of the heavy sell off that occurred during the March 2020 Covid-19 pandemic crisis.
Rakesh Jhunjhunwala stocks: The year 2021 has given a good number of multibagger stocks. This is because of the heavy sell off that occurred during the March 2020 Covid-19 pandemic crisis. However, thereafter, when the lockdown was lifted, the buying frenzy has led to huge amounts of money being made by investors as stock markets have soared to historic highs. Those who followed Warren Buffett's words - buy when the whole world is selling - their money would have more than quadrupled (increased by 4x) if they had bought Tata Motors shares in March 2020.
Tata Motors Share Price History
As per the Tata Motors share price history, this Rakesh Jhunjhunwala portfolio share has skyrocketed from Rs 65.30 closing price on 3rd April 2020 to Rs 308.70 per stock levels (at 12:50 PM on 22/2/2021) — means the multibagger stock has jumped 372.74 per cent in less than one year.
So, if someone had invested Rs 5 lakh in Tata Motors shares, his or her Rs 5 lakh would have become Rs 23,63,705.97 or Rs 23.637 lakh.
WATCH | Click on Zee Business Live TV Streaming Below:
Rakesh Jhunjhunwala net worth in Tata Motors shares
Big Bull of the Indian stock market bought 4 crore Tata Motors stocks in the second quarter of FY 2020-21 and maintained that in the December 2020 quarter as well. Means, Jhunjhunwala is still hopeful of further bull run in the Tata Motors share price.
Tata Motors share price target
Speaking on Tata Motors share price target; Sumeet Bagadia, Executive Director at Choice Broking said, "After making its low in March 2020, Tata Motors share price has been rallying on various reasons like unlock activities picking momentum, budget focussing on infrastructure giving push to commercial vehicle sales and scrappage policy announcement fuelling two wheeler, four wheeler and commercial vehicle sales." Bagadia said that Tata Motors share price will witness some profit-booking at current levels and will be a good buy at around Rs 280 to Rs 290 per stock levels. He said that after hitting Rs 300 mark, it would soon regain its lost ground and hence those who want to buy Tata Motors shares should wait for a while and enter for the target of Rs 350 in around one month time horizon.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.