Franklin Templeton Mutual Fund is one of the most successful fund houses globally. It has recently gone ahead and acquired 1,781,405 shares of a agri input company at Rs.230.00. Now the interesting thing about this company is that it is from the Tata stable and the Big Bull Rakesh Jhunjhunwala has a major stake in the company. Having such strong pedigree it is imperative that we keep a strong watch on the future developments for the company.
Please watch the video to know the name of the company and the various details about it.
Having watched the video however it is imperative to mention that fund interest in the company is not a guarantee of future appreciation in the stock price of a company. One must tread with extreme caution while taking action on stocks where there has been recent fund action. This is because with such a large chunk of shares, any sort of liquidation on their part may send the stock tumbling down. The general public would only come to know of the information post the event happening, by which time the stock price would have substantially depreciated. Hence, please exercise extreme caution and consult your financial advisor prior to taking any action on any of the information presented herewith.
Standard Disclaimer :: The information in this article has been compiled from freely available information on the internet. None of the stocks mentioned here should be considered as recommendations to buy and one must carry out his/her own research prior to acting on any of the information presented here.
Here's wishing you the best of financial success
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