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This stock of Rakesh Jhunjhunwala gave 78% return in 2021, do you have it?

Multibagger Stock: Around 17 stocks of veteran investor Rakesh Jhunjhunwala are trading 20% ​​to 50% down from their 52-week highs. On the other hand, some small-cap stocks have managed to beat the returns of NSE Nifty and BSE Sensex by a huge margin. Orient Cement shares are one of them.

This shareholding company of Rakesh Jhunjhunwala has given 78% return in terms of YTD (Year to Debt) while NSE Nifty has given 25.44% and BSE Sensex has given 27.35% return. The share price of Orient Cement closed at Rs 97.80 per stock on 31 March 2021, which has now increased to Rs 156.35 per share. About 60% growth has been registered in the financial year 2021-22.

Will continue to accelerate
According to stock market experts, this holding company of Rakesh Jhunjhunwala has seen strong growth in profits along with improvement in margins. This cement stock also remains a favorite of FIIs (Foreign Institutional Investor) as they have doubled their stake in the company from March 2021 to June 2021 quarter. Experts believe that the share price of Orient Cement has given a fresh breakout at Rs 150 and it may break its all-time high of Rs 232 in the medium term.

According to stock market experts, there is a lot of potential for the cement sector due to the fast recovery in the real estate sector and the expectation of strong growth in the infrastructure sector. As far as Orient Cement is concerned, the company has seen a strong growth in profits with significant improvement in margins, besides revenue growth is likely to pick up pace in the coming days.

Jhunjhunwala has 25 lakh shares of the company
As per the shareholding pattern of Orient Cement for the quarter April to June 2021, Jhunjhunwala holds 2.5 million shares of the company, which is approximately 1.22% of the total issue and market capitalization of the company.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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