This stock in Rakesh Jhunjhunwala’s portfolio can give returns of up to 50%
Multibagger Share: A stock in the portfolio of stock market veteran Rakesh Jhunjhunwala can give returns of 50 percent to investors in the next few days. The name of this stock in Rakesh Jhunjhunjhuwala’s portfolio is Jubilant Ingrevia which is a company of pharma and agro-chemicals sector. Brokerage firm Edelweiss Securities has given a buy recommendation on the shares of Jubilant Ingrevia. Edelweiss Securities has advised investors to buy Jubilant Ingrevia with a target of Rs 1006. At the same time, Jubilant Ingrevia is trading at Rs 672 per share in Tuesday’s trading session. This means that investors who buy shares of Jubilant Ingrevia can get a return of up to 50 percent on their investment.
Jubilant Ingrevia has a better balance sheet
Edelweiss Securities said in a report that the company’s solid presence in the pharma and agriculture sector, and strong relationships with global leaders will help it enter new chemistry (Diketene) and manufacturing for Agrochemicals/ CDMOs. According to Edelweiss Securities, Jubilant Ingrevia’s business model is currently undervalued by investors, while the company is giving return on capital of more than 22 per cent despite its debt free balance sheet. Jubilant Ingravia is a leading company in the specialty chemical industry. The company is one of the leading manufacturers of pyridine-based products used in the manufacture of vitamins, dyes, medicines and other organic compounds.
Rakesh Jhunjhunwala holds 5.5% stake
At the same time, Rakesh Jhunjhunwala had a 6.3 percent stake in Jubilant Ingrevia in one round. But in the July-September quarter, Rakesh Jhunjhunwala reduced his stake in Jubilant Ingrevia from 6.3 per cent to 5.5 per cent. Jubilant life was demerged, after which Jubilant Ingrevia and Jubilant Pharma became two companies. Jubilant Ingrevia was listed on the stock exchange in March 2021 this year. Jubilant Ingrevia was listed at Rs 271 per share. Since then, this stock has given returns of up to 150 per cent to the investors.
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