Federal bank share held by Rakesh Jhunjhunwala is likely to increase to Rs 130. Experts suggest buying it

R. Jhunjhunwala is the bull of the stock market. According to stock market experts, his shares are expected to rise to 130 INR. Thus, it can be the best time to invest and earn a good profit.

Federal Bank shares Rakesh Jhunjhunwala

There is a continuous fluctuation in the stock market. R. Jhunjhunwala is the bull of the stock market. According to stock market experts, Federal bank shares are expected to rise to 130 INR. Thus, it can be the best time to invest and earn a good profit. 

Rise in Federal bank Share price of R. Jhunjhunwala

The biggest bet of Rakesh Jhunjhunwala's is on the Federal bank. According to the reports, there might be a rise up to 130 rupees in the shares of the Federal bank. Market experts are bullish regarding the bank's claims and advise purchasing it. According to the brokerage, the shares might rise to 38% in the June update, which shows a healthy rise. Rakesh Jhunjhunwala and his wife have a 3.65 % stake in the shares of Federal bank till 31 March, the price of which will be estimated at around 720 crores INR.

Also Read: Rakesh Jhunjhunwala invests Rs. 667 crore in this Tata Group share that may go beyond Rs. 280. What returns a common investor can expect?

According to the Federal bank, the retail deposit for the quarter of June has become 172506 INR crores, i.e. approximately 9.8% greater than the 30 June 2021. Moreover, the price of retail deposit shares increased from 93% to 94%. The gross advance of the bank has also increased by 16.3%, i.e. from 132787 to 154405. There has been an increase of 16.7% in the retail credit book and 15.8% in the wholesale credit book of the bank.

The stock Market experts claim that the share price of Rakesh Jhunjhunwala may rise in the coming time. Rakesh Jhunjhunwala's stock, after reaching Rs. 268.95 in May 2022 has been under pressure to make a profit since then on NSE. Rakesh Jhunjhunwala, with the help of his wife, had also invested in the newly bid stock of footwear. She holds around 3,91,53,600 shares, estimated at roughly 14.43% of the company's total paid-up capital in Metro Brands. They also invested in the shares of a hospital company, of which his wife holds 1,42,87,765 shares, whereas he holds around 1,57,29,200 shares in the company.

Also Read: What is Bank Nifty? How it is calculated and what is its use?

Rakesh Jhunjhunwala is well known as a big bull for making investment strategies in the most valuable shares in 2021. The shares of Rakesh Jhunjhunwala of the Federal Bank are rising to Rs. 130. Stock exchange experts are suggesting buying its shares as an opportunity to invest. Rakesh Jhunjhunwala and his wife have invested in many companies by buying their shares. Here are the Top investment tips from Rakesh Jhunjhunwala

Disclaimer: This article is meant for general financial purposes only. You must not take it as any form of legal or taxation or investment or insurance advice. You must seek separate independent advice when indulging in financial decision-making.

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