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Titan, Escorts: What next for stocks where Jhunjhunwala cut stake in Q2

Federal Bank is reflecting a move towards Rs 80 levels

Markets may correct in the short term. But in a bull market the correction is always sharp, swift and short-lived: Rakesh Jhunjunwala
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Rakesh Jhunjunwala

Avdhut Bagkar Mumbai
Ace investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala had increased their stake in pharmaceutical companies such as Lupin and Jubilant Life Sciences, along with Agro Tech Foods and NCC during the second quarter of the current fiscal (Q2FY21) while they trimmed their stake in Titan Company along with tractor-maker Escorts and private lender Federal Bank during the period, according to this report

At the bourses, shares of Escorts have gained around 17 per cent while those of Federal Bank have rallied 24.2 per cent in November. Meanwhile, Titan Company has rallied 16.5 per cent during the month,