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Market veterans say that although the country is seeing a decline in corona cases, but the mood of FIIs is not right now. He is not in favor of taking risks. Keeping this in mind, market giants recommend that investors place bets on quality stocks with strong stoploss.
Mumbai . In the Corona era, amidst the huge fluctuations in the market, it is time for the retail investor to step into the blaze. Currently, investors are also eyeing the shares included in Rakesh Jhunjhunwala’s portfolio. Retail investors have little choice in the market that is suffering from Corona. Market veterans say that although the country is seeing a decline in corona cases, but the mood of FIIs is not right now. He is not in favor of taking risks. Keeping this in mind, market giants recommend that investors place bets on quality stocks with strong stoploss. The quarterly results came on 14 May Recently, stock escorts included in Rakesh Jhunjhunwala’s portfolio have given a breakout above Rs 1140. Despite being a share of the auto sector, it has attracted the attention of the giants. On May 14, the company’s fourth quarter results came. The company performs better in this. Avinash Gorakshakar of Profitmart Securities says that escorts are a quality stock. Due to the sellout due to Kovid, it is also getting cheaply. Due to the announcement of the normal monsoon by the Meteorological Department, with the improvement in the case of Kovid-19, there will be a rise in the sales of tractors. It is advisable to place bets in this stock from a mid- and long-term perspective. Also read- Learning from Corona: Why financial planning is important, top 5 investment options, why it is the best and safest Mudit Goyal of SMC while giving his opinion on the escorts said that this stock has given a breakout recently and remains above 1140. At current level, this stock should be bought for short term targets of Rs 1195 and Rs 1230 but a stop loss of Rs 1135 must be made.
Also Read- GoAir IPO: Keep Money Ready! This company will give you a chance to earn big money, check the details quickly Rakesh Jhunjhunwala’s holding in Escorts According to data for the March 2021 quarter, Rakesh Jhunjhunwala’s holding in escorts is around 4.8 per cent. It should also be kept in mind that there has been no change in the holding of Rakesh Jhunjhunwala in the company as compared to the December quarter. This clarifies the belief of Rakesh Jhunjhunwala in this stock.