Rakesh Jhunjhunwala Portfolio Shares of Star Health & Insurance and Metro Brands have retrace up to 7 per cent in the last one month following weakness in the stock market. In the last one month, the share price of Metro Brands has corrected almost from 562 523, down nearly 7 percent, while Star Health’s stock price has retreated from approx. from 700 663, logging close to 5.50 percent in this period. Big Bull suffered a loss due to this huge fall in these two stocks of Rakesh Jhunjhunwala 540 crore in the last one month in both these stocks.
As mentioned above, in the last one month, star health share price corrected from 701.55 from each level 663 per share level, logging close to 38.55 per share. Similarly, the share price of Metro Brands has improved. from 562.65 523.60 per share level, an entry close to 39.05 per share in the last one month.
Rakesh Jhunjhunwala Shareholding
According to Star Health Exchange filings, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have stake in this insurance company. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 10,07,53,935 shares or 17.50 per cent stake in this company. Similarly, Rakesh Jhunjhunwala has invested in Metro Brands through his wife Rekha Jhunjhunwala. Rekha Jhunjhunwala holds 39,153,600 shares or 14.40 per cent stake in the footwear company.
The dent in the net worth of Rakesh Jhunjhunwala
As Big Bull holds 10,07,53,935 shares of Star Health and the stock has fallen 38.55 per share in the last one month. So, the decline in the net worth of Rakesh Jhunjhunwala is close in a month because of this 388 crore ( 38.55 x 10,07,53,935).
Similarly, Rakesh Jhunjhunwala has 39,153,600 shares of Metro Brands which have fallen. 39.05 per share in the last one month. So, Rakesh Jhunjhunwala net worth in a month net worth is approx 152 crore ( 39.05 x 39,153,600).
Hence, the net loss in net worth of Rakesh Jhunjhunwala due to correction in the shares of Star Health and Metro Brands is approx. 540 crore ( 388 cr+ 152 crores).