Rakesh Jhunjhunwala portfolio: Bulls roared on D-Street ahead of Holi, as major indices rose 2 per cent on Thursday. Rakesh Jhunjhunwala’s two portfolio stocks, Titan Company and Star Health Insurance, increased his net worth by Rs 861 crore. Shares of Titan Company jumped Rs 118.70 per share to Rs 2706 from Rs 2587.30 in yesterday’s trade. Similarly, the share of Star Health Insurance also increased from Rs 608.80 to Rs 641 per share. In yesterday’s trading, this stock saw a rise of Rs 32.20 per share.
Rakesh Jhunjhunwala Share Holding
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have invested in the company as per the shareholding pattern of Titan Company for the period October to December 2021. Rakesh Jhunjhunwala holds 3,57,10,395 shares of Titan Company, which is 4.02 percent of the total paid-up capital of the company. Similarly, Rekha Jhunjhunwala holds 95,40,575 shares or 1.07 per cent stake in Titan in the company. Hence, the Jhunjhunwala couple holds 4,52,50,970 company shares or 5.09 per cent stake in this flagship company of the Tata group.
As per the latest exchange communication, Big Bull Rakesh Jhunjhunwala has announced that he holds 10,07,53,935 shares, which is 17.50 per cent of the total issued paid-up capital of the company. As Rakesh Jhunjhunwala holds 4,52,50,970 shares of Titan Company and Titan share price climbed Rs 118.70 on Thursday. So, the net increase in net worth of Rakesh Jhunjhunwala is around Rs 537 crore (118.70 x Rs 4,52,50,970).
Similarly, Rakesh Jhunjhunwala holds 10,07,53,935 shares of Star Health which rose by Rs 32.20 per share on Thursday. Therefore, the net increase in the net worth of Rakesh Jhunjhunwala due to increase in the share price of Star Health is approximately Rs 324 crore (Rs 32.20 x 10,07,53,935).
Therefore, the total increase in the net worth of Rakesh Jhunjhunwala due to the increase in the share price of Titan and the share price of Star Health is approximately Rs.861 crores.
Should you include Titan, Star Health Insurance in your portfolio?
Titan
Osho Krishnan, Senior Analyst-Technical and Derivatives Research, Angel One, said, “Titan has seen a resounding breakout to enter uncharted territory. The stock has seen a consolidation breakout which is supported by substantial trading volume that the breakout Finally, on the weekly time frame, the stock has shown a decisive closing confirming the strength in momentum. The stock has strong support near the 2550-2580 odd area, and remains above the same as long Till then, a strong bullish outlook is expected to remain over the counter.”
star health insurance
Star Health observed that Motilal Oswal Securities initiated a coverage on Thursday with a ‘buy’ call. However, the target set by the domestic brokerage for the stock at Rs 750 is lower than the issue price of Rs 900. “Star presents a unique proposition to play in the fastest growing segment in the general insurance sector. Given the market leadership in the retail health business, strong earnings growth prospects (CAGR over 25 per cent), limited cyclicity risk (commercial lines and motor insurance have high cyclicality), and healthy ROE profile (15-17 over the medium term) Percentage)), we believe that the stock deserves a premium,” the brokerage said.
Motilal Oswal said, the company is the market leader in the health insurance industry with a retail market share of 31 per cent and the company is poised to grow at a relatively faster pace than the overall health insurance industry.
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.
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