Rakesh Jhunjhunwala portfolio: Experts give buy call on this metal stock
Rakesh Jhunjhunwala portfolio: Big Bull of the Indian stock market is known for investing in finance, tech, retail and pharma sector stocks. But, on 15th July 2021, the ‘Warren Buffett of India’ dropped surprise at Dalal Street when Steel Authority of India (SAIL) — a state-owned steel manufacturer company — announced in its shareholding pattern for April to July 2021 that Rakesh Jhunjhunwala has bought 5.75 crore SAIL shares. This news was enough for the retail and institutional investors to understand the direction in which the smart money would flow in upcoming trade sessions. Rakesh Jhunjhunwala holdings in SAIL led to heavy buying in the large-cap stock, which is reflective in the SAIL share price rise by around 2.5 per cent (from ₹124.15 to ₹127.25 at NSE) in single trade session on July 16th. According to the stock market experts, Rakesh Jhunjhunwala SAIL holdings and positive outlook for metal stocks would further fuel SAIL shares. They advised investors to buy SAIL at current market price for the target up to ₹200 in medium-term time-horizon.
Speaking on the reason for rise in this Rakesh Jhunjhunwala portfolio stock Avinash Gorakshkar, Head of Research at Profitmart Securities said, “Steel and iron ore prices in the international market is at record high and companies dealing in these metals are expected to continue getting benefit of this scenario in short-term to medium-term time-horizon. SAIL is mainly in steel manufacturing and hence they are also expected to get benefit of this price rise in steel. So, in the upcoming times, the company is expected to deliver strong quarterly numbers leading to rise in SAIL stock price.” He said that SAIL is expected to outperform the benchmark return in short-term to medium-term and advised investors to have this stock in one’s portfolio.
On his suggestion to the stock market investors in regard to SAIL shares Ravi Singhal, Vice Chairman at GCL Securities said, “Due to steel price almost doubling in the international market in last one year, SAIL has been able to generate more revenue that is reflecting in its reduced debt in the last one year. My advice to investors is to buy SAIL at current market price for the targets of ₹180 and ₹200 in medium-term time-horizon maintaining stop loss at ₹111.”
Rakesh Jhunjhunwala net worth in SAIL
As per the shareholding pattern of this steel manufacturer company for recently ended June quarter, Rakesh Jhunjhunwala holdings in the company is 1.39 per cent of the net company shares. In April to June 2021 quarter, Big Bull bought 5.75 crore shares of the company, which is currently worth ₹731,68,75,000 or ₹731.68 crore (as per the close price of SAIL stocks at NSE on 16th July 2021).
Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.
Is 3D Systems' (NYSE:DDD) 269% Share Price Increase Well Justified?
The 3D Systems Corporation (NYSE:DDD) share price has had a bad week, falling 26%. But that doesn’t detract from the splendid returns of the last year. During that period, the share price soared a full 269%. So we think most shareholders won’t be too upset about the recent fall. Only time will tell if there is still too much optimism currently reflected in the share price.
View our latest analysis for 3D Systems
3D Systems wasn’t profitable in the last twelve months, it is unlikely we’ll see a strong correlation between its share price and its earnings per share (EPS). Arguably revenue is our next best option. When a company doesn’t make profits, we’d generally expect to see good revenue growth. That’s because it’s hard to be confident a company will be sustainable if revenue growth is negligible, and it never makes a profit.
In the last year 3D Systems saw its revenue shrink by 8.4%. So we would not have expected the share price to rise 269%. It just goes to show the market doesn’t always pay attention to the reported numbers. It’s quite likely the revenue fall was already priced in, anyway.
The company’s revenue and earnings (over time) are depicted in the image below (click to see the exact numbers).
It’s probably worth noting we’ve seen significant insider buying in the last quarter, which we consider a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. So it makes a lot of sense to check out what analysts think 3D Systems will earn in the future (free profit forecasts).
A Different Perspective
We’re pleased to report that 3D Systems shareholders have received a total shareholder return of 269% over one year. Since the one-year TSR is better than the five-year TSR (the latter coming in at 14% per year), it would seem that the stock’s performance has improved in recent times. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Case in point: We’ve spotted 3 warning signs for 3D Systems you should be aware of.
Story continues
3D Systems is not the only stock that insiders are buying. For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
₹1 lakh becomes ₹7.5 lakh in one year in this Dolly Khanna portfolio stock
Multibagger stocks 2021: Warren Buffett quotes are full of stock market investment tips and one that is most followed by retail and institutional investors is ‘our favorite holding period is forever.’ Through this line, the American business magnet has tried to indicate that money is not in buying and selling of stocks, but in holding it for as long as you can. This holds well on the Rama Phosphates shares, the stock which has recently made entry into Dolly Khanna portfolio. Though, the stock became Dolly Khanna’s favourite in April to June 2021 quarter, the Dolly Khanna’s latest stock pick has been delivering stellar return to its share holders for years. In the last one year, this new Dolly Khanna share holding company has delivered 648 per cent to its share holders and became one of the multibagger stocks in 2021 in the Indian stock market.
Rama Phosphate share price history
Rama Phosphate shares have jumped from ₹43.30 to ₹324 per stock mark (today at 9:50 AM). That means Rama Phosphates share price has delivered 648 per cent return to its share holders or in simple terms, it rose around 7.5 times in the last one year. the stock has given 249 per cent return to its share holders in the last 6 months while in the last one month, its yield is near 49 per cent.
Investment return
Taking the Rama Phosphates share price deviation in the nlastt one year, if someone had invested ₹1 lakh in Rama Phosphate one year ago and remained invested in the stock till date, its ₹1 lakh would have become ₹7.5 lakh as the stock grew 7.5 times in this period. If someone had invested ₹1 lakh one month ago, its ₹1 lakh would have become ₹1.488 lakh while the same ₹1 lakh would have become ₹3.49 lakh if the investment period had been six months.
Dolly Khanna’s share holding in Rama Phosphate
As per the shareholding pattern of Rama Phosphates for April to June 2021 period, Dolly Khanna holds 3,12,509 Rama Phosphates shares which is to the tune of 1.77 per cent of the net company shares. This is one of the four new companies in which Dolly Khanna made investments during April to June 2021. Rest three stocks are — Aries agro, Shemaroo Entertainment and Deepak Spinners.
Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.