Big Bull of the stock market, Rakesh Jhunjhunwala is famous for that the stock in which he puts his hand, it goes up. Investors also consider his tips at the top. There are many such rare stocks in his portfolio, which have consistently surprised other investors with their speed. One such stock remains the choice of market veterans these days.
Jhunjhunwala’s share is swinging
Tata Communications share price included in Rakesh Jhunjhunwala’s portfolio is swinging these days. The stock has given a return of about 20 per cent in the last one month. But, it is breaking for 5 consecutive sessions. Analysts are calling it only profit-booking. The stock has lost more than 5 percent in the last 5 trading sessions. But, in the coming days, it once again has the power to show momentum. At present, the share price is Rs 1273.80. According to experts, it can go to Rs 1800 in the next 6-9 months.
Rakesh Jhunjhunwala holds 2,950,687 shares or 1.04 percent stake in Tata Communications Limited. Its value is around Rs 317.2 crore. Rakesh Jhunjhunwala also holds several other shares of Tata Group. It also includes giant stocks like Titan, Tata Motors.
Analyst Sandeep Jain believes that Tata Communications will benefit from the arrival of 5G network. Recently TCS and Airtel have also partnered for 5G rollout. Tata Communications can also get the benefit of this. Tata Communications provides network support to both the companies. Tata Communications has business in 200 countries. The company has a huge customer base of more than 7000.
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