Rakesh jhunjhunwala portfolio stock: If you bet on stocks by looking at the portfolio of the Big Bull Rakesh Jhunjhunwala of the stock market, then you federated bank Can keep an eye on the Federal bank stock. Actually, brokerage houses are bullish on the shares of Federal Bank and are advising to buy it. According to brokerage firms Angel One and IIFL Securities, shares of Federal Bank can give excellent returns in the coming days. It can be bought at the current price. Let us inform that the shares of Federal Bank had jumped 4% on Friday, 1 April, to close at Rs 101.30.
Price can go up to Rs 135
Angle one live hindustan Federal Bank Ltd. is one of the largest old generation private banks in India. The NPAs for the bank have remained stable over the years, with GNPA for Q3FY21 at 3.38% while the NNPA ratio stood at 1.14%. The pCR at the end of Q3FY21 was 67% which is sufficient. According to Angel One, the bank’s liability franchisees remain strong. The restructuring level is also under control. Management expects RoA to improve to 1.2 per cent in the next four to six quarters. At the same time, with the change in loan mix, the NIM expansion may remain 10bps. So it can be bought. The target price of Federal Bank stock is Rs 130-135. That is, according to the current price, there can be a profit of 33.27 percent by betting now.
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What did IIFL Securities say?
Anuj Gupta of IIFL Securities live hindustan Told that the shares of Federal Bank can reach up to Rs 130 in the short term. Its stock chart pattern is looking strong and it may turn bullish further. Let us inform that the shares of Federal Bank have run up 4.22% in the last five trading sessions. At the same time, so far this year, the stock has registered an increase of 16.17%.
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Shares held by Rakesh Jhunjhunwala
Rakesh Jhunjhunwala’s confidence in Federal Bank’s stock remains intact. He has not sold a single share in the December quarter. He maintains 3.7 percent stake in the bank. He currently holds 75,721,060 shares of the company.
(Disclaimer: Investment advice in stocks is given by brokerage house. These are not personal views of Live Hindustan. Markets are risky, so take expert opinion before investing.)