Titan Share Price
Late Rakesh Jhunjhunwala passed away on August 14. Rakesh Jhunjhunwala is known as Big Bull and Warren Buffett in the stock market. Ordinary investors also made a lot of money by following many stocks in their portfolio. One such stock is held by Tata Group company Titan.
Rakesh Jhunjhunwala has a 20-year-old connection with Titan. He bought shares of Titan Company between 2002 and 2003 at an average price of Rs 30 per share. Since then, he has continued to buy and sell Titan shares. At that time, many in the market considered Titan a risky bet, but Jhunjhunwala recognized their potential. He believed that the stocks had become more than just mega multibaggers. Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala owns 4.73 crore shares of Titan Company. She held 5.34 percent stake in the company at the end of the June 2024 quarter.
Gujarat Pipavav Share Price
Currently, there is a lack of definite guidance in the stock market. Many factors are having an impact. Nifty remains in the 24150 range. Brokerage HDFC Securities has advised short-term investors to buy shares of Gujarat Pipavav, the country's first private port, for the next three months. Today the stock has fallen by 4-5 percent and is trading in the range of Rs 225-230.
HDFC Securities said in its report that the stock has given a breakout on the daily chart. The weekly and daily time frames show a bullish pattern which points towards a rally. Momentum indicators like RSI, MACD are also pointing towards an uptrend in the stock. Overall, there is a huge potential for an uptrend. In such a scenario, it is a reasonable entry opportunity for short-term investors.
Gujarat Pipavav is the country's first private port to be developed on the public private partnership model. The stock gave a return of 2% last week. It has given a negative return of about 3 per cent in one month. The three-month return is 10 per cent and the six-month return is 30 per cent. So far this year, it has given a return of 42 per cent and 90 per cent in one year.
Mazagon Dock Share Price
Mazagon Dock Shipbuilders reported strong results in the June quarter, after which experts are looking very bullish on the stock. On Friday, August 16, this stock will be on the radar of traders and investors. The stock is currently trading at Rs 4,997 with a 52-week high of Rs 5,860. Prabhudas Lilladher Technical Research Analyst Vaishali Parekh said that the stock is trending in reverse after better results.
Experts said that Mazagon Dock Shipbuilders has reported strong results in the June quarter. On the technical chart, the stock is selling at attractive prices. The stock has corrected well from its all-time high of Rs 5,860. On August 7, the stock touched an intraday level of Rs 4542. Since then, the trend has shown the opposite.
According to data available on the BSE website, Mezzan Dock's consolidated revenue for the June quarter grew by about 9 percent to Rs 2,357 crore. The company's operating profit increased from Rs 404 crore to Rs 913 crore. On a yearly basis, PBT has increased from Rs 383 crore to Rs 889 crore.
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