Rakesh Jhunjhunwala portfolio stock: Do you invest in stocks by looking at the portfolio of the big bull Rakesh Jhunjhunwala of the stock market? If yes..then you can keep an eye on CRISIL Stock. The brokerage firm is expert bullish on the shares of the company and has given it a ‘buy’ rating. According to brokerage firm YES Securities, the shares of Crisil can go up to Rs 4100. Let us tell you that Rakesh Jhunjhunwala has also bet on this stock.
What is the share price now?
CRISIL shares have a marginal decline today and are currently priced at Rs 3,331.10. That is, by placing bets now, investors can get a return of 23.09%. Let us know that its market cap is more than Rs 24,000 crore. The shares are trading higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
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What did the brokerage firm say?
The brokerage firm in its note said that RoE will expand by 6 ppt to 38% in CY24 on account of better margins and growth. Strong growth movement in the domestic ratings business, consistent traction in the GR&RS business, core offerings in research, risk, regulatory support and change, tapping capabilities are in strong demand. The company has created new opportunities and added new customers.
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The stock could turn a profit on positive factors, including continued buoyancy in capital markets and strong performance of India research business on economic recovery. Yes Securities has given it a BUY and has increased 12m PT to Rs 4100 (earlier target price of Rs 3750).