Rakesh Jhunjhunwala portfolio: In inventory market crash at present, an excellent variety of high quality shares have witnessed sharp draw back motion. those that consider sensible buyers all the time generate profits within the markets are suggested to take a look on the portfolios of the ace investor they comply with. Then solely, they might come to know that even market magnets lose cash when market trades abnormally. Some Rakesh Jhunjhunwala portfolio shares are obtrusive instance of it. At this time Huge Bull’s favorite shares Titan Firm and Star Well being shares have fallen closely resulting in ₹785 crore loss in Rakesh Jhunjhunwala’s web price.
In weak inventory market at present, Titan share value opened on the draw back and on the time of stories writing (2:15 PM), it was down ₹80 per share. Equally, Star Well being shares at present proceed to nosedive and hit its 52-week low at present. It waas down ₹42 per share (at 2:15 PM on NSE).
In keeping with shareholding sample of Titan Firm, Rakesh Jhunjhunwala and his spouse Rekha Jhunjhunwala maintain maintain 4,52,50,970 Titan Firm shares or 5.09 per cent stake within the firm. Equally, as per the trade communication by Rakesh Jhunjhunwala, Huge Bull and his spouse spouse Rekha Jhunjhunwala holds 10,07,53,935 Star Well being shares, which is 17.50 per cent of the full issued paid-up capital of the corporate.
Dent to Rakesh Jhunjhunwala’s web price
As Rakesh Jhunjhunwala and his spouse collectively maintain 10,07,53,935 Star Well being shares, web loss to Rakesh Jhunjhunwala’s web price stands round ₹423 crore ( ₹42 x 10,07,53,935). Equally, Rakesh Jhunjhunwala and his spouse maintain 4,52,50,970 Titan shares and therefore web loss in Rakesh Jhunjhnunwala’s web price stands at ₹362 crore ( ₹80 x 4,52,50,970).
So, web hunch in Rakesh Jhunjhunwala’s web price after fall in these two shares stands at ₹785 crore ( ₹423 crore + ₹362 crore).
Disclaimer: The views and proposals made above are these of particular person analysts or broking firms, and never of Mint.
Supply: Live Mint