Rakesh Jhunjhunwala suffered a blow of ₹ 400 crore in the first 5 minutes as soon as the market opened

Rakesh Jhunjhunwala suffered a blow of ₹ 400 crore in the first 5 minutes as soon as the market opened

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new Delhi. By now you must have read a lot of news about the earnings of veteran investor Rakesh Jhunjhunwala. But within 5 minutes of the market opening this morning, your senses will be blown away after knowing about the damage done to this big bull of the market. This morning, within just 5 minutes, he got a shock of Rs 400 crore. In fact, two big stocks of Rakesh Jhunjhunwala’s portfolio, Titan Share Price and Star Health (Gapdown) opened today after falling, due to which he had to see a lot of loss.

Let us tell you that Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have a major stake in Titan and Star Health. The huge movement coming in these two stocks is enough to shake up their portfolio. If both the stocks go up then they get a big profit, but if they fall, then the loss is also in the same proportion.

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Shares fell as soon as the market opened
Titan share price today opened with a fall of around ₹ 26 per share and went down to ₹ 2383.35. A fall of ₹ 57.65 per share was recorded till 9:20 am. Similarly, the share price of Star Health opened with a fall of about ₹ 5 and went down to the level of Rs 638 by 9:20 am. In just 5 minutes of the opening session, it had fallen by ₹ 14.05 per share.

According to the Titan Company’s shareholding pattern, in the October to December 2021 quarter, both Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have invested in this Tata group company. Rakesh Jhunjhunwala holds 3,57,10,395 shares in Titan, while his wife Rekha Jhunjhunwala holds 95,40,575 shares in the company. So, the Jhunjhunwala couple holds 4,52,50,970 or 5.09 percent stake in the company.

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Similarly, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 10,07,53,935 shares of 17.50 per cent stake in the company, as per the data provided to the exchange by Star Health Company.

Decline in the net worth of Rakesh Jhunjhunwala (Rakesh Jhunjhunwala net worth)
As Rakesh Jhunjhunwala and his wife hold 4,52,50,970 shares of Titan Company and the stock fell to ₹57.65 per share in 5 minutes of market opening. After this fall in Titan’s share price, Rakesh Jhunjhunwala’s net worth fell close to ₹260 crore (₹57.65 x 4,52,50,970) in just 5 minutes.

Similarly, Jhunjhunwala holds 10,07,53,935 shares of Star Health and the stock declined by ₹14.05. After this fall in Star Health share price Rakesh

The net decline in Jhunjhunwala’s net worth is approximately ₹140 crore (₹14.05 x 10,07,53,935).
Therefore, after the fall of these two stocks in the first 5 minutes of market opening, the net worth of Rakesh Jhunjhunwala saw a huge drop of around ₹400 crore (₹140 crore + ₹160 crore).

Tags: Rakesh Jhunjhunwala, stock market today

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