This is to give breakout to Rakesh Jhunjhunwala Portfolio stock. Should you buy now?

Speaking on Rakesh Jhunjhunwala Portfolio Stocks; Sumeet Bagdia, Executive Director, Choice Broking said, “The recent fall in CRISIL share price should be viewed as profit-booking as the stock has been rallying for the past few months. This is expected to lead to fresh breakouts. Based on closing level of 3300 per share and subsequent breakout it could be extremely bullish. Currently, on the chart pattern, the stock owned by Big Bull looks positive and can be buy counter at current levels for an immediate target. Maintaining stop loss at 3300 per share level 3050 levels.”

Advise positional investors to add CRISIL shares to their stock for the medium to long term; Manoj Dalmiya, Founder and Director, Profitable Equities Ltd. said, “The recent profit-booking breakout in CRISIL shares indicates failure, but the stock looks bullish on the moving average. The book value of CRISIL shares has increased over the past two years and the company has Defensive investors should wait for some more profit-booking while aggressive investors can buy CRISIL shares at current levels with a medium to long term target 4,000 per share level.” He added that defensive investors should enter around 3000 to 3100 level holds the stop loss 2700 per share level.

Rakesh Jhunjhunwala Holding in CRISIL

As per CRISIL’s shareholding pattern for the July to September 2021 quarter, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold a stake in the company. Rakesh Jhunjhunwala holds 21,06,750 shares or 2.89 per cent while his wife Rekha Jhunjhunwala holds 18,68,250 shares or 2.57 per cent in the company. So, Jhunjhunwala holds 39.75 lakh shares or 5.46 percent stake in the company.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.