Rakesh Jhunjhunwala stock retraces 18% from life-time high. Right time to buy?
Rakesh Jhunjhunwala portfolio: After climbing to life-time high of ₹268.95 levels in April 2022, Indian Hotel share price has been nosediving continuously
Rakesh Jhunjhunwala portfolio: After climbing to life-time high of ₹268.95 apiece levels on NSE in April 2022, Indian Hotels Company share price has been under sell-off heat for more than a month. In this period, this Rakesh Jhunjhunwala stock has retraced around 18 per cent from its all-time high levels. According to stock market experts, Indian Hotels share price is correcting because of the negative market sentiments. There is nothing wrong with the fundamentals of the company. They went on to add that the hospitality stock has immediate support at ₹200 to ₹205 levels whereas ₹174 is strong support for the counter.
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