Rakesh Jhunjhunwala Portfolio: Rakesh Jhunjhunwala’s net worth has increased by Rs 832 crore in the last one month. The reason for the rise in wealth is the two stocks in his portfolio, Star Health and Metro Brands, which have been witnessing a steady rise over the past few days. These two Rakesh Jhunjhunwala portfolio stocks have been recently listed on the Indian stock exchanges and after some consolidation post-listing they have shown an upward movement.
In the past one month, the share price of Star Health rose from Rs 686.60 to Rs 741.10, registering an increase of Rs 54.50 per share during the period. Similarly, in the past one month, the share of Metro Brands rose from Rs 531.95 to Rs 604 per share, which is an increase of around Rs 72.05 per share in this short time frame.
Shareholding Structure in Rakesh Jhunjhunwala Star Health and Allied Insurance Company and Metro Brands
According to exchange communication following the listing of Star Health shares by Rakesh Jhunjhunwala, Big Bull and his wife Rekha Jhunjhunwala have a stake in the company. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 10,07,53,935 shares of the company, which is about 17.50 per cent of the total issued paid-up capital of the company.
According to the shareholding pattern of Metro Brands for the October to December 2021 quarter, Rakesh Jhunjhunwala has invested in this company through his wife Rekha Jhunjhunwala. Rekha Jhunjhunwala has invested in this stock through three trusts – Nishtha Jhunjhunwala Discretionary Trust, Aryaveer Jhunjhunwala Discretionary Trust and Aryaman Jhunjhunwala Discretionary Trust. As a trustee of Nishtha Jhunjhunwala Discretionary Trust, Rekha Jhunjhunwala holds 1,30,51,188 shares or 4.81 per cent stake in Metro brand. As a trustee of Aryaveer Jhunjhunwala Discretionary Trust and Aryaman Jhunjhunwala Discretionary Trust, he holds 1,30,51,206 shares or 4.81 per cent stake respectively in both the trusts. Hence Rekha Jhunjhunwala holds 3,91,53,600 shares in Metro Brands, which is 14.43 per cent of the total paid-up capital of the footwear company.
Should you add these two stocks to your portfolio?
ICICI Direct Star Health and Allied Insurance Company Ltd. BUY CALL K shares with a target price of Rs.800. Star Health & Allied Insurance Company Limited, incorporated in the year 2005, is a Small Cap company (having a market cap of Rs 37,581.60 Crore) operating in the Financial Services sector.
Star Health is expected to maintain its leadership in the retail health segment with sustainable long-term opportunities. Premium growth at 23- 24 per cent CAGR and focus on underwriting profits are expected to keep ROE ahead of peers.
The brokerage said, we start the coverage on the stock with BUY rating.
Metro Brands received a ‘buy’ call from Axis Securities as the brokerage firm rolled out coverage and said strong earnings growth, strong cash generation would support premium valuations. The domestic firm has given a target price of Rs 625, which is 52 times March 2024 EPS, a 10 per cent premium over its target multiplier for Bata India.
Jhunjhunwala’s net worth increased
Since the share price of Star Health increased by Rs 54.50 and Rakesh Jhunjhunwala owns 10,07,53,935 shares of Star Health, the increase in the portfolio stock of Rakesh Jhunjhunwala in the past one month has resulted in an increase in the net worth of Rakesh Jhunjhunwala by about 550 crore (54.50 x Rs.) has increased by Rs. 10,07,53,935).
Similarly Rekha Jhunjhunwala owns 3,91,53,600 shares of Metro Brands and Rakesh Jhunjhunwala’s share rose by Rs 72.05 per share in last one month, net increase in wealth of Rakesh Jhunjhunwala due to increase in this portfolio stock in last one month 282 crores is approx. (Rs 72.05 x 3,91,53,600).
So, the net increase in Rakesh Jhunjhunwala’s assets in the last one month after the increase in these two newly listed portfolio stocks is Rs 832 crore (Rs 550 crore + Rs 282 crore).
Disclaimer:Disclaimer: The views and investment tips of experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decision.
read all breaking news , today’s fresh news And IPL 2022 Live Updates Here.