New Delhi. The uproar in Dalal Street is not taking its name to stop. While Domestic Institutional Investors (DII) and small investors are trying to handle the market by frequent buying, Foreign Institutional Investors (FII) continue to sell. The Nifty 50 (NIFTY 50) has lost more than 7 per cent in value due to the recent sell-off. During this period, not only Big Bull Rakesh Jhunjhunwala, but some stocks included in the portfolio of other veteran investors have fallen by 10 percent or more.
The situation in this period of decline is that the value of some shares has decreased by a quarter in just 3 months. The matter of concern is that the market has been close to touching the Bear Territory for the last few weeks. Even in 6 days of selling till June 17, the Nifty 50 index has fallen by about 1,200 points. Stocks like Titan, Tata Motors, Trent, Quess and Radico Khaitan have fallen heavily.
Also read- Indifference of foreign investors, investment through P-note came down to 86,706 crore in May
a sharp decline in
The shares of Titan, included in the portfolio of Big Bull Rakesh Jhunjhunwala, have fallen 19.6 percent in the last 3 months. On the other hand, Tata Motors declined by 8.2 per cent, Star Health by 8.9 per cent, VST Industries by 3.3 per cent. India Cements fell 26.6 per cent, IDFC 29.2 per cent, Quess Corp 27.9 per cent, Radico Khaitan 16.9 per cent and Intellect Design 23.4 per cent down during this period.
So many shares with Big Bull
Talking about the last 6 sessions, Titan, Tata Motors and Star Health have lost up to 11.5 per cent. At the end of March 2022, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala held 5.05 per cent in Titan and 11.29 per cent in Star Health. At the same time, Tata Motors had a 1.21 percent stake. The question arises that should investors invest in these stocks at such a time? So, let us know, what is the ratings of the brokerage on these stocks now?
Also read- Share Market: Sensex ran 443 points amid volatility, Nifty closed above 15,550
Geojit has given a target of Rs 2,330 by giving a hold rating on Titan Share. At the same time, Motilal Oswal has given a target of Rs 2900 by giving it a buy rating. HDFC Securities has reduced its target to Rs 1750 by giving a sell rating on Titan.
Motilal Oswal has given a buy rating on Tata Motors with a target of Rs 485. At the same time, Prabhudas Lilladher has given a target of Rs 372 by giving a buy rating on it. HDFC Securities has set a target of Rs 398 on Tata Motors by giving a reduce rating.
ICICI Direct has given a target of Rs 825 by giving buy rating on this stock. At the same time, Motilal Oswal has given a target of Rs 840 by giving a buy rating on it.
(Disclaimer: The stocks mentioned here are based on the advice of a brokerage house. If you wish to invest in them, please consult a Certified Investment Advisor first. News18 will not be responsible for any profit or loss caused by you.)
Tags: business news in hindi, Share market, Tata Motors
FIRST PUBLISHED : June 23, 2022, 21:25 IST