REKHA JHUNJHUNWALA PORTFOLIO STOCK: 500% RETURN IN 5 YEARS; CHECK TARGET

The domestic stock market closed with a slight gain on Friday. Amidst a rangebound trade, the benchmark Nifty closed higher for the seventh consecutive session. During this period, NCC Limited's shares rose by about 0.73 per cent to close at Rs 323.3 per share on the BSE.

In an episode of ET Now Swadesh, a market expert gave her advice on which strategy investors should adopt in this stock.

Rekha Jhunjhunwala Portfolio Stock

Veteran investor Rekha Jhunjhunwala holds 78,333,266 shares of NCC Limited in her portfolio, valued at Rs 2,534.5 crore.

She has maintained her position in this stock without changes in March and June quarters this year, and currently owns 12.5 per cent of NCC Limited's shares.

NCC Share Price Target 2024

Market expert and ET NOW Swadesh panellist Dhvani advises holding NCC.

"While it could be effective when the pattern breaks out, that might not happen immediately." She noted that the current price action structure shows a solid base formation. "The stock has not fallen below Rs 310, which could serve as a reversal point," she said.

"The stock is currently consolidating around its short-term moving average, caught in a middle range. If it moves up to Rs 330, momentum should start to build again, potentially pushing the stock towards a target of Rs 360. Investors should stay in the stock and set a stop loss at Rs 310. If the price surpasses Rs 330, the stock could reach the Rs 360 target," the market expert added.

NCC Share Price History

According to the BSE website, NCC Limited's market cap, as of August 23's closing, is Rs 20,298.28 crore. According to BSE Analytics, its shares have declined by 0.08 per cent in the last 2 weeks. At the same time, this stock has fallen by 4.24 per cent in the last one month. The stock has gained 12.26 per cent in three months. This stock has also given a return of 26.96 per cent in six months.

This stock has gained 110.55 percent in 1 year. At the same time, the stock has gained 376.49 percent and 355.67 percent in two years and three years respectively. In five years, this stock has given a return of 500 percent to investors. The 52-week high and low of this stock is Rs 364.50 and Rs 136.55 respectively.

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)

2024-08-24T11:10:57Z dg43tfdfdgfd