Rakesh Jhunjhunwala’s net worth has decreased by 5 per cent in April as compared to the previous month. Jhunjhunwala is often referred to as the ‘Big Bull of Dalal Street’. However, this month, his portfolio improved amid volatility in the broader markets.
According to trendline data, Jhunjhunwala’s portfolio stood at 31,913.87 crore in April – 5% less than net worth 33,753.92 crore views in March 2022.
Jhunjhunwala publicly holds 34 shares in BSE and NSE. His investments in various sectors like Automobiles, Pharma, Gems & Jewellery, Finance, Real Estate and Banking.
He holds the largest stake in the Tata group’s gems and jewelery stock Titan. His stake in this stock has lost its value 11,025 crores as per the figures.
Titan is followed by Star Health and Allied Insurance where Jhunjhunwala’s holding value is high. 7,167 crores. Other stocks like Metro Brands ( 2,232 crore), Tata Motors ( 1,718 crores), and CRISIL ( 1,474 crore) – also among the top five valuable holdings in Jhunjhunwala’s portfolio.
In percentage terms, Jhunjhunwala’s top five holdings are Aptech (23.4%), Star Health (17.5%), Metro Brands (14.4%), NCC (12.8%), and Nazar Technologies (12.8%).
In April, trading closed on the 29th. Sensex closed below 57,100 and Nifty closed near 17,100 level.
On Friday, the Sensex closed at 57,060.87, down 460.19 points or 0.80%. Nifty 50 slipped 142.50 points or 0.83% to end at 17,102.55.
On yesterday’s performance, Vinod Nair, Head of Research, Geojit Financial Services, said, “Dips were encouraging investors to accumulate quality stocks with a focus on defensive and domestic growth sectors such as manufacturing and capital goods. However, US Economy and rate cuts: Expectations of a hike in the upcoming Fed meet triggered a sell-off in global markets, with domestic markets turning short next week and risk aversion ahead of India’s biggest IPO opening.
The BSE Sensex fell over 3.7% in April, while the Nifty 50 fell over 3.2%.