News > Rakesh Jhunjhunwala stock surges ahead of dividend declaration. Should you buy?

Rakesh Jhunjhunwala stock surges ahead of dividend declaration. Should you buy?

The Outreach | 27/02/2022 06:12 PM | Click to read full article

After sliding into the over sold zone, Metro Brands shares finally managed to close above its down trend line on Friday. According to stock market experts, this Rakesh Jhunjhunwala holding company has announced date for declaration of interim dividend and hence there is bulk buying in the stock.

On how Metro Brands business is expected to grow in coming quarters, Avinash Gorakshkar of Profitmart Securities said, “During Covid-19 pandemic, Metro Brands has managed to foray into online business segment.