The stock market is currently at a record high. All the sectors are seeing a rise in the stocks. In such a situation, it is important to have the right information about which stock to invest in at this time. Market experts are currently advising to invest in the shares of India Bulls Housing Finance. However, one should wait for some correction for the purchase.
Indian Warren Buffett Rakesh Jhunjhunwala has also invested in Indiabulls Housing Finance. Rakesh Jhunjhunwala had bought 2.17 per cent stake in this company in the June quarter. The stock is currently down about 27 per cent from its 52-week high. In such a situation, a position can be made on further decline in it.
This stock closed at 229
This week the stock closed close to Rs 229. The 52-week high is Rs 313, while the low is Rs 127. The market cap of the company is Rs 10,578 crore. This stock has been under constant pressure for some time now. The stock has gained 0.60 per cent in the last one week. There has been a decline of 8 percent in one month, 20 percent in three months. So far this year, it has shown a growth of 26 per cent.
full hope of going beyond 250
In a report published in Mint, Sumit Bagadia of Choice Brokerage said that there is very strong support for this stock at 215. In such a situation, if you invest in this stock with this stoploss, then in the short term this stock will be seen going up to 250-260.