Escorts Share Value: Consultants wager large on this Rakesh Jhunjhunwala portfolio share; must you purchase?
Escorts share price: Escorts is one of 39 stocks in the Rakesh Jhunjhunwala portfolio. The Big Bull owns 64 Lakh Escorts shares (according to the escorts stake available at BSE), which corresponds to around 4.75 percent of the net shares. With the automotive sector under the influence of bulls, stock market experts are very optimistic about these Rakesh Jhunjhunwala stocks and have advised both traders and investors to buy at around Rs 1320 in 1 to 3 months to more than Rs 12 Percent to win.
Sumeet Bagadia, Executive Director at Choice Broking, said of the Escorts share price target for traders and investors: “The Escorts share price is in the consolidation phase and Escorts shares are available for immediate sale at around Rs 1320 Buy target of Rs 1390. Once if the stock breaks this level, there may be a new upward movement of up to Rs 1480 over the next time horizon of one month to three months. ”However, Bagadia recommended strict adherence to the stop loss, den he set it at 1260 rupees.
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Angel Broking’s research team highlighted the fundamental strength of Escort stocks, stating, “Escorts is a leading domestic tractor supplier with a market share of more than 11 percent. Rural India is relatively less affected due to Covid-19, we believe that the tractor industry in FY 21 will continue to outperform the above-average kharif harvest in 21. The company also recorded strong growth of 25.7 percent year-on-year in the third quarter of fiscal 21 in the fourth quarter, driven by strong demand. “