Stock market experts are recommending Indiabulls Housing Finance to buy. He says that this stock has fallen due to short-term negative sentiment. But for now, its valuation is good
Stock Market Experts Advise to Buy this Stock
The stock of Indiabulls Housing Finance is showing a lot of volatility for the last few days. Talking about the last 4 trading sessions, it has come down to about 24 percent. On December 16, Thursday, the stock had hit a high of Rs 279. But on the same day, it was closed at Rs 254. There was also a significant decline in the entire stock market.
What Sumit Bagadiya of Choice Broking Said
Sumit Bagadiya, Executive Director, Choice Broking has advised investors to take entry in this stock under the strategy of ‘Buy on dips’. Buy on dips means that whenever there is a fall in this stock. Buy it every now and then. Sumit Bagadiya says that the stock is looking very good on the chart and has seen a decline in the past due to the uncertainties of Omicron. Bagadiya has given a target of Rs 275 to 300 for Indiabulls Housing Finance.
Jhunjhunwala Got a Blow
In the first 10 minutes of today, the shares of Tata Motors saw a fall of Rs 15.90 per share. On this basis, Rakesh Jhunjhunwala suffered a loss of Rs 60 crore in Tata Motors during this period. Now if we look at both the stocks, then Rakesh Jhunjhunwala suffered a loss of ( ₹ 170 crores + ₹ 60 crores) i.e. Rs 230 crore in both Tata Motors and Titan.
Stock can go up to Rs 400
Ravi Singhal, Vice President and Head of Research, GCL Securities has also given a Buy Advice on the stock. He has said that the stock of Indiabulls Housing Finance has fallen due to the negative sentiment of the market, but its fundamentals are very strong. In the short term, this stock can go up to Rs 290 and if it is kept for 3 years, then it can go up to Rs 400.
Big Bull Rakesh Jhunjhunwala Holds a 1.08 Percent Stake in it
Let us inform you that based on the shareholding pattern of Indiabulls Housing Finance for the quarter of July-September 2021, Big Bull Rakesh Jhunjhunwala of the stock market holds a 1.08 percent stake in it. He has 50 lakh shares of the company. Giving an opinion on these stocks in Rakesh Jhunjhunawala’s portfolio, experts say that Titan’s stock is in the range of Rs 2150 – 2300. If this stock breaks the level of Rs 2300, then it will see more upside. Similarly, if Tata Motors stock goes up by clearing the range of 430-460