Rakesh Jhunjhunwala (Big Bull) of the stock market, Rakesh Jhunjhunwala, keeps making headlines every day. In the latest case, they are again in the discussion about overhauling of their portfolios. In which, on one hand, they have reduced their stake in 7 shares, while on the other hand they have increased their share in 5 shares. However, he has not changed his stake in some companies. Geojit Financial Services is one of such shares.
According to data available on BSE, Rakesh Jhunjhunwala’s stake in Geojit Financial Services was 7.57 per cent in the December quarter, which stood at 7.80 per cent, or 1,80,37,500 shares, in the March quarter itself.
Geojit Financial Services business model is very strong
Market veterans say that this decision of Rakesh Jhunjhunwala expresses his faith in Geojit Financial Services. Experts say that the Geojit Financial Services business model is very strong. After the effect of Kovid-19 stops, this stock will see a strong increase further. Geojit Financial Services shares recommend buying market giants from both short and long perspective.
The fundamentals of this stock are very strong and can be bought today.
Avinash Gorakshkar of Profitmart securities says that the fundamentals of this stock are very strong and can be bought today. He further said that due to the second wave of Covid-19, this stock has been sold but it has suffered less than other banking and financial stocks. Further, after the improvement in the conditions of Kovid-19, there will be a strong boom in the financial companies. This share will be benefited. Avinash Gorakshkar recommends buying this stock from both a short and long perspective.
Apply stoploss below 50 rupees
Mudit Goyal of SMC is also very bullish on this stock. They are advising retail investors to buy the stock for a short-term target of Rs 58 at the current price. They say that for this, put a Stoploss below 50 rupees.