{"id":65454,"date":"2022-09-27T18:40:00","date_gmt":"2022-09-27T13:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=65454"},"modified":"2022-09-27T18:35:25","modified_gmt":"2022-09-27T13:05:25","slug":"rakesh-jhunjhunwala-stock-surges-49-in-two-months-do-you-own-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/rakesh-jhunjhunwala-stock-surges-49-in-two-months-do-you-own-it\/","title":{"rendered":"Rakesh Jhunjhunwala stock surges 49% in two months; Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4055117923\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Metro Brands Ltd reached an all-time high of \u20b9 948.85 apiece on Tuesday\u2019s intraday trades, on the back of a strong business outlook. The stock surpassed its previous high of \u20b9 935, touched on September 23, 2022.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4234341521\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>This stock forms a part of ace investor Rakesh Jhunjhunwala\u2019s portfolio. As per the latest filings, for the June quarter, his holdings include 39,153,600 shares of the company worth \u20b9 3407.5 crores. This implies a 14.4% stake in the company.&nbsp;<\/p><p>Metro Brands registered the highest-ever sales with strong sales performance across all its formats, regions\/tiers &amp; cities, product categories\/gender &amp; price points. Its total revenue from operations rose 288 per cent year-on-year to \u20b9 517 crores from \u20b9 131 crores in the year-ago quarter.\u00a0<\/p><p>The company\u2019s margins have improved due to the negligible contribution of discounted sales and improvement in the overall sales mix in Q1FY23. reported a consolidated net profit of Rs 105.78 crore as against a net loss of Rs 12.13 crore in the quarter that ended June 2021 (Q1FY22).\u00a0<\/p><div class=\"trade-content_5\" id=\"trade-1462399637\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Clarifying about the increase in the share price, the company on September 21 said that the volume of the shares traded was purely based on market conditions and the Company is not responsible for any increase or fall in volume or any changes in stock market conditions.&nbsp;<\/p><p>Brokerage firm Motilal Oswal has a buy rating on the shares with a target price of \u20b9 1000. The shares closed at \u20b9 871.25 and the given target implies an upside of 14.77%.&nbsp;<\/p><p>In fact, the share price of the company increased by a whopping 49.88% in the past two months from \u20b9 581.30 to \u20b9 871.25 apiece. As per year-to-date data, the shares have gained 91.63%. If an investor would have invested \u20b9 1,00,000 in the shares of the company at the beginning of this year, the value of their holdings would have been \u20b9 1,91,630 today!&nbsp;<\/p><p>Metro Brands is one of the largest India footwear brands in India. It retails footwear under its own brands like Metro, Mochi, Walkway, Da Vinchi and J. Fontini. Further, it retails certain third-party brands such as Crocs, Skechers, Clarks, Florsheim, and Fitflop.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2896701892\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Metro Brands Ltd reached an all-time high of \u20b9 948.85 apiece on Tuesday\u2019s intraday trades, on the back of a strong business outlook. The stock surpassed its previous high of \u20b9 935, touched on September 23, 2022.&nbsp; This stock forms a part of ace investor Rakesh Jhunjhunwala\u2019s portfolio. As per the latest [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22479,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[],"class_list":["post-65454","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rakesh Jhunjhunwala stock surges 49% in two months; Do you own it? - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/rakesh-jhunjhunwala-stock-surges-49-in-two-months-do-you-own-it\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rakesh Jhunjhunwala stock surges 49% in two months; Do you own it?\" \/>\n<meta property=\"og:description\" content=\"The shares of Metro Brands Ltd reached an all-time high of \u20b9 948.85 apiece on Tuesday\u2019s intraday trades, on the back of a strong business outlook. 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