Investing in the stock market means a risky investment, where returns are not guaranteed. This is the reason that before investing in the stock market, a large number of people keep an eye on the investment and brokerage comments of the big players in the stock market. Rakesh Jhunjhunwala, popularly known as Big-Bull in the stock market, has invested money in the stock of Federal Bank. The company’s fourth quarter results were announced on Friday. Experts are considering the latest figures as weak. However, on the other hand brokerage Anand Rathi is expecting better performance in the next quarter.
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Share price will go up to Rs 115
The brokerage is confident that the share price of Federal Bank can go up to the level of Rs 115. Presently the share price of the company is Rs.91. That is, a jump of 26 percent more than the current share price can be seen in the coming time.
As per Anand Rathi report, “The property quality has improved as the slippage was less than expected. There will be less stress than before, due to which earnings will be better. With the bank’s strong liabilities and better capitalization, it is expected to gain market share. NIM may rise from the current levels due to higher interest rate environment.
What is the share of Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala and his wife are holding shares of the company as per the shareholding pattern of Federal Bank for the last quarter. Rakesh Jhunjhunwala holds 2.64 percent stock or 5,47,21,060 shares of Federal Bank as per the company’s shareholding pattern. At the same time, his wife owns 2,10000,000 shares or 1.01 percent of the stock. The spouses together hold a total of 3.65% stake in Federal Bank.