Rakesh Jhunjhunwala portfolio: These two Tata stocks are top Nifty gainers today. Should you buy? – Mint

Auto major Tata Motors shares is also among the top Nifty gainer today. This Rakesh Jhunjhunwala portfolio stock opened ₹5.05 higher from its previous day close and went on to climb new 52-week high of ₹367.65 apiece.

According to stock market experts, both fundamentals and technical of these Tata group companies are strong. Titan Company has reported a strong recovery in demand in the recently ended September 2021 quarter and its sales in most of its divisions have either reached above or near to pre-Covid levels. They said that Tata Motors is likely to register 14 per cent revenue growth, supported by a 94 per cent surge in the standalone division.

Advising investors to buy both Rakesh Jhunjhunwala portfolio stocks; Sumeet Bagadia, Executive Director at Choice Broking said, “Titan Company shares are looking highly bullish on chart and it may go up to ₹2500 in short-term. One can buy this Tata stock for this target maintaining stop loss at ₹2200.”

Similarly, Bagadia recommended that one can buy Tata Motors shares at current market price and hold for the short-term target of ₹380 to ₹400 maintaining stop loss at ₹340 apiece.

Rakesh Jhunjhunwala shareholding in Titan Company, Tata Motors

As per the shareholding pattern of these two Tata companies in April to June 2021 quarter, Big Bull owns 1.14 per cent stake in Tata Motors whereas in Titan Company he has investments both in his name and in the name of his wife Rekha Jhunjhunwala. In Titan Company, Rakesh Jhunjhunwala holds 3.72 per cent stake while his wife Rekha Jhunjhunwala holds 1.09 per cent stake.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.