Rakesh Jhunjhunwala suffered a setback of Rs 426 crore in a single day, loss due to these stocks

Rakesh Jhunjhunwala suffered a setback of Rs 426 crore in a single day, loss due to these stocks

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New Delhi. On investing in the stock market, many times the investors get to the floor from the floor, then many times they also have to suffer big losses. These losses are sometimes huge, which also affects the net worth of the investor. Big Bull Rakesh Jhunjhunwala has got a similar setback. Due to this there has been a huge decline in his wealth.

In fact, Titan and Star Health Insurance, which are included in Rakesh Jhunjhunwala’s portfolio, have suffered a loss of Rs 426 crore on Friday. Due to this his net worth has also declined. If you also have shares of these two companies in your portfolio, then take a decision on them wisely.

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Inflation spoiled the game in America
After the inflation rate reached a 40-year high in the US, there was a sell-off in the global markets. Due to this, the domestic stock market also fell heavily on Friday. Due to this, the stock of Titan fell by Rs 53.20 per share in a single day. Similarly, the stock price of Star Health Insurance also declined by Rs 18.55 per share. Due to the fall in these stocks, there has been a huge decline in the net worth of both Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala.

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Know how much is the holding in both the companies
According to Titan’s October-December 2021 quarter shareholder pattern, Rakesh Jhunjhunwala’s holding in the company is 3,57,10,395 equity shares (0.02 per cent). Rekha Jhunjhunwala’s holding is 95,40,575 (1.07 per cent). In this way, the combined holding of both is 5.09 percent i.e. 4,52,50,970 shares. Both have a combined stake of 10,07,53,935 (17.50 per cent) shares in Star Health Insurance.

Titan gave a shock of 240 crores
Rakesh Jhunjhunwala and his wife’s net worth fell by Rs 240 crore due to a fall in the shares of Tyneton by Rs 53.20. Similarly, the fall in Star Health Insurance resulted in a loss of Rs 186 crore. Together they had to suffer a loss of Rs 426 crore.

Tags: Rakesh Jhunjhunwala, Share market, stock market

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