Thursday, August 11, 2022
BusinessRakesh Jhunjhunwala lost Rs 1000 crore in these two stocks this week,...

Rakesh Jhunjhunwala lost Rs 1000 crore in these two stocks this week, let’s have a look at them

In the fall of last week, Rakesh Jhunjhunwala has lost about Rs 485 crore in Titan Company and Rs 555 crore in Star Health.

In the last few months, the market is witnessing heavy selling amid rising inflation all over the world, increase in interest rates by central banks to check inflation and fear of recession. Weakness of rupee and selling by FIIs in the Indian equity market is also putting pressure on the market.

On July 1, there was pressure in the market in the last week as well. The impact of this pressure was also visible on some quality stocks. Shares of Titan Company and Star Health ( Star Health and Allied Insurance Company ), which are included in the portfolio of Rakesh Jhunjhunwala, known as the Big Bull of India, saw heavy selling last week. Rakesh Jhunjhunwala has lost Rs 1,000 crore last week due to heavy selling in both these stocks.

If we look at the move of these two stocks last week, then the stock of Titan fell from Rs 2,053.50 to 1,944.75 in the last 5 trading sessions. Similarly, the stock of Star Health fell from Rs 531.10 to Rs 475.90 during this period.

According to the shareholding pattern of Titan Company ‘s January-March 2022 quarter, Rakesh Jhunjhunwala’s holding of 3,53,10,395 shares in Titan Company is his wife Rekha Jhunjhunwala’s shareholding of 95,40,575 shares.

This means that the Jhunjhunwala couple has a combined stake of 4,48,50,970 shares in this stock. Similarly, Rakesh Jhunjhunwala has a holding of 10,07,53,935 shares in Star Health shares.

In the fall of last week, Rakesh Jhunjhunwala has lost about Rs 485 crore in Titan Company and Rs 555 crore in Star Health.

If we look at yesterday’s move of these two stocks, on Friday, July 1, 2022, Titan Company’s shares closed at Rs 1946.20 with a marginal gain of Rs 4.95, or 0.26 per cent, on NSE. However, during the whole week, these shares have fallen from Rs 2,053.50 to 1946.20. The 52 week high of this stock is Rs 2768.

At the same time, its 52 week low is Rs 1396. The company’s market cap is Rs 172,780 crore.


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Similarly, on Friday, July 1, 2022, the shares of Star Health closed at Rs 473.95 on the NSE, down by Rs 14.75, or 3.02 percent. During the whole week, this stock fell from Rs 531.10 to 475.90. The 52 week high of this stock is Rs 940. At the same time, its 52 week low is Rs 469.05. The market cap of the company is Rs 27304 crores.

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Updated on August 11, 2022 4:01 am