Rakesh Jhunjhunwala Portfolio Indian stocks saw a sharp fall last week amid rising inflation and concerns about a rising recession. Selling started in some quality stocks as well. Shares of Titan Company and Star Health & Allied Insurance Company were hit badly this week, despite backing from ace investor Rakesh Jhunjhunwala. Big Bull suffered losses due to heavy selling in these shares of Rakesh Jhunjhunwala 1,000 crores in 5 sessions last week.
Rakesh Jhunjhunwala’s portfolio shares fall
In the last week 5 trading sessions, titan share price by slide since 2,053.50 1,944.75 each level, recording 108.75 per share fall in last week’s trade. Similarly, other Rakesh Jhunjhunwala stock slipped from the share price of Star Health from 531.10 475.90 each level, logging 55.20 per share last week.
Rakesh Jhunjhunwala Shareholding
According to Titan Company, Rakesh Jhunjhunwala holds 3,53,10,395 shares for the period January to March 2022 while his wife Rekha Jhunjhunwala holds 95,40,575 Titan shares. So, Jhunjhunwala couple holds 4,48,50,970 shares of Titan.
Similarly, Rakesh Jhunjhunwala holds 10,07,53,935 shares of Star Health.
Decline in the net worth of Rakesh Jhunjhunwala
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 4,48,50,970 shares of Titan which sunk Last week’s 108.75 per share, dip is due to the net worth of Rakesh Jhunjhunwala, Titan’s stock fell 485 crores.
Similarly, Rakesh Jhunjhunwala has 10,07,53,935 shares of Star Health which have fallen. 55.20 per share last week. Hence, the net loss in the portfolio of Rakesh Jhunjhunwala due to the fall in the shares of Star Health last week is approx. 555 crores.
So, the fall in the share price of Titan and the shares of Star Health in the last week has more than made up for the decline in Rakesh Jhunjhunwala’s net worth. 1,000 crore (or approx. 1,040 crores).
Shares of Tata Motors, Indian Hotels Company, Rallis India, National Aluminum Company or Nalco, Canara Bank, etc were among the key stocks in Rakesh Jhunjhunwala’s portfolio that declined last week.