Rakesh Jhunjhunwala Portfolio Opening at a discounted price, Star Health shares have been under sell-off since its listing on December 10, 2021. The Rakesh Jhunjhunwala-backed company’s public issue was offered 870 to 900 per equity share but Star Health shares opened 848 more on BSE 845 per share on NSE. After listing it turned upside down and closed on The date of share listing of this Rakesh Jhunjhunwala backed company is 10th December 2021 at the level of 906.85 on NSE. Nearly two months later, this one of the shares of Rakesh Jhunjhunwala has come down further 774 per share level on NSE, due to fall in net worth of Rakesh Jhunjhunwala 1340 crores.
Star Health Share Price History
The shares of Star Health were listed on NSE and BSE on 10 December 2021. Shares of the Rakesh Jhunjhunwala-backed company were listed at a discounted price, but closed above its upper price band. 900 each level. However, this rise led to heavy profit-booking over the counter and has remained in the heat of sell-off since then. after closing 906.85 at each level at the date of its listing, it has come down to 774 per share level, logging Slide 132.85 per share.
Rakesh Jhunjhunwala stake in Star Health
As per the latest exchange communication, Big Bull Rakesh Jhunjhunwala has announced that he holds 10,07,53,935 shares, which is 17.50 per cent of the total issued paid-up capital of the company.
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The dent in the net worth of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala has 10,07,53,935 shares of the company and Star Health shares have fallen. 132.85 per share, the fall in the net worth of Rakesh Jhunjhunwala is close due to the fall in the shares of Star Health 1340 crore ( 132.85 X 10,07,53,935).
Star Health Shares: Buy, Sell or Hold
According to stock market analysts, State Health shares may give some upside momentum from the current levels as it is looking positive on the chart pattern.
Speaking on the shares of Star Health; Anuj Gupta, Vice-President, IIFL Securities, said, “State Health shares are looking in positive territory on the chart pattern. There is strong support. 730 and equally strong resistance 840. For the near term, traders can go for buying on the downside 755 level with a stop loss of for the target of 730 and from 830 840 levels.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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