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    Rakesh Jhunjhunwala Stocks: This Tata Group company shares may surge up to 32% on strong growth and business outlook, say brokerages

    Billionaire investor Rakesh Jhunjhunwala-backed Tata Group company – Tata Motors shares have the potential to grow around 32 per cent on the back of robust growth and business outlook, several brokerages said in its view while initiating coverage on the stock on Wednesday.  Tata Motors is one of the favourite stocks in Rakesh Jhunjhunwala’s portfolio. The Big Bull of the Indian stock markets, Jhunjhunwala holds 39,250,000 equity shares, which aggregates to 1.2 per cent stakes in auto heavyweight as per the latest BSE shareholding pattern of the company.  Global brokerage firm CLSA maintained an Outperform rating with a target price of Rs 453 per share, which translates into an upside…