Sachin Bansal Portfolio After the end of September 2021 quarter, retail investors have started scrutinizing the portfolio stocks of large investors. An ace investor has raised stake in JK Paper for such investors who follow Sachin Bansal to know in which direction Smart Money is heading. As per the company’s shareholding pattern for the recently ended September quarter, Sachin Bansal has increased his stake in the company from 1 per cent to 1.71 per cent. Interestingly, the market magnate has increased stake in this paper stock, which has delivered multibagger returns year-on-year to its shareholders.
Q2FY22 . JK Paper Shareholding Pattern for
As per the JK Paper shareholding pattern for the second quarter of FY 2021-22, Sachin Bansal holds 29 lakh shares or 1.71 per cent stake in this paper company. As per the company’s shareholding pattern for the April to June 2021 quarter, Sachin Bansal held 17 lakh shares, which was 1 per cent of the total paid-up capital of the company. In fact, Sachin Bansal had bought a stake in this paper company in the April to June 2021 quarter. So, the ace investor increased his stake in the company after increasing his stake for a quarter.
JK Paper Share Price Outlook
According to stock market experts, JK Paper’s shares are trading on strong support. ₹230 And this share of Sachin Bansal may go up in short to medium term ₹275 per share level.
Speaking on JK Paper Share Price Outlook; Mudit Goyal, Senior Research Analyst, SMC Global Securities said, “JK Paper shares are trading in favor of this. ₹230 And in the immediate short term, it could go up ₹255. For this short term target one can buy this paper stock at current market price.”
Offering buy momentum advice at the current market price; Sumeet Bagadiya, Executive Director, Choice Broking said, “This stock looks positive on the chart pattern and one can buy momentum at the current market price by maintaining the stop loss. ₹215 per share level. In the medium term it could go up to ₹275 per stock level.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
Don’t miss a story! Stay connected and informed with Mint.
download
Our App Now!!
.