Friends, not you and we have seen many people making crores by investing in stock market. It includes many new old and veteran investors of different types, but today we are talking about Rakesh Jhunjhunwala who is one such person who made a distinct identity among investors. And even though he is gone today, people are making great profits by following his principles. And today we will talk about one of the best stocks invested by them.
Jhunjhunwala Discount Stocks: Friends we often know about stocks invested by Rakesh Jhunjhunwala in which he has made huge profits. But in the stocks that we will tell you today, the Jhunjhunwala family has suffered huge losses. We are going to talk about Nazara Technologies company, because the shares of the company have been falling continuously for some time now. And should you invest in the shares of this company now or not?
Nazara Technologies: Friends, let us tell you that this is a gaming sector company, and the company has made a new entry in the stock market in the month of March 2021. The company entered the stock market through an IPO in which the price of each share was set at around ₹1100. And since then, the company's stock has fallen to around ₹514. And let us tell you that the all-time high of the company is around ₹1678 and the all-time low is around ₹475. According to which the stock has come down about 70% from the all time high.
Friends, many people are shying away from investing in this investment company by Rakesh Jhunjhunwala due to the huge fall in it. But the founder of the same company says that the company is constantly improving its business. And also the debt to revenue ratio of the company is normal. And so the brokerage has given the stock a target price of around ₹630 with a stoploss of ₹525.
How Much Stake: Friends Rakesh Jhunjhunwala invested in this company only in the year 2021, and according to the current price of the stock at that time, he bought a total stake of around 10% of the company. And now all the work handled by him is being managed by his wife Rekha Jhunjhunwala. And currently Rekha Jhunjhunwala's total net worth has gone up to around ₹25,680 crore.
Disclaimer: As you all know that there is a lot of risk in the share market and considering this risk we would like to tell you that this article is written only on the basis of assumptions because we are not a financial advisor. Our job is only to give you the news coming in the stock market. Go to an advisor registered by SEBI for financial advice.
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