Market experts are bullish on this Rs 29 stock included in Rakesh Jhunjhunwala’s portfolio, can earn up to 45% in 3 months. Buying can be done in this stock at the current level. For a target of Rs 42 for 3 months, put a stop loss of Rs 25 in it.
Prozone Intu Properties Stock
Prozone Intu Properties is one such smallcap stock that is included in the portfolio of Rakesh Jhunjhunwala. This stock has lost 30 percent in the last 6 months.
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Prozone Intu Properties Price Performance
This stock has lost 30 percent in the last 6 months but now it seems to be gaining momentum. In the last one month, it has seen an increase of about 7.5 percent.
Market experts say that Nifty Realty is seeing a 10-year breakout. In such a situation, real estate stocks, especially low-priced stocks, are expected to see strong growth in the next 3 months. Market experts say that in the next 2-3 months, this stock can be seen going to Rs 42. Notably, its current price is Rs 29.
Prozone Intu Properties Future Target
Choice Broking: Sumeet Bagadiya of Choice Broking says that the stock of Prozone Intu Properties is circling in the range of Rs 26 to Rs 30 but it is looking far below its 52 weeks high of Rs 56.35.
It is expected that there will be a breakout in this stock around Rs 32 and once this level is crossed, then once again it can be seen going to Rs 36 and then Rs 42.
Swastika Investment: Santosh Meena of Swastika Investment says that he has a very bullish outlook on the real estate sector. The Nifty Realty Index has recently given a 10-year breakout. Technically this stock is trying to make a base around Rs.24.
Keeping this in mind, one can buy this stock with a target of Rs 40-50 in the short term by putting a stop loss of Rs 24.
If we look at Rakesh Jhunjhunwala’s portfolio in Prozone Intu Properties, in the September 2021 quarter, Rakesh Jhunjhunwala had a 31.50 lakh or 2.06 percent stake in it.