Rakesh Jhunjhunwala Portfolio In today’s stock market crash, a good number of quality stocks have seen a sharp decline. Those who believe that smart investors always make money in the markets are advised to take a look at the portfolios of the few investors they follow. Only then, will they know that even market magnets lose money when the market is traded abnormally. Some of the portfolio stocks of Rakesh Jhunjhunwala are a vivid example of this. Today the shares of Big Bull’s favorite stock Titan Company and Star Health have fallen drastically, due to which There is a loss of 785 crores in the total assets of Rakesh Jhunjhunwala.
Titan share price opened lower today in weak stock market and at the time of writing the news (2:15 PM), it was down 80 per share. Similarly, the shares of Star Health continued to fall and hit a 52-week low today. it was down 42 per share (2:15 pm on NSE).
As per the shareholding pattern of Titan Company, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 4,52,50,970 shares of Titan Company or 5.09 per cent stake in the company. Similarly, as per exchange communication by Rakesh Jhunjhunwala, Big Bull and his wife Rekha Jhunjhunwala hold 10,07,53,935 shares of Star Health, which is 17.50 per cent of the total issued paid-up capital of the company.
The dent in the net worth of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala and his wife together have 10,07,53,935 Star Health shares, the net loss of Rakesh Jhunjhunwala’s net worth is approx. 423 crore ( 42 x 10,07,53,935). Similarly, Rakesh Jhunjhunwala and his wife hold 4,52,50,970 shares of Titan and hence the net loss of Rakesh Jhunjhunwala’s net worth is 362 crore ( 80 x 4,52,50,970).
So, the fall in the net worth of Rakesh Jhunjhunwala is followed by a fall in these two stocks. 785 crore ( 423 cr+ 362 crores).
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
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