Rakesh Jhunjhunwala net worth Big Bull Rakesh Jhunjhunwala has suffered losses amid a selling trend in India’s stock market in the sixth straight session of deals on Friday morning. 900 crores within 15 minutes of the opening bell today. This could be due to profit-booking in Rakesh Jhunjhunwala’s three portfolio stocks – Titan Company, Metro Brands and Star Health and Allied Insurance Company Ltd.
Titan share price decline
titan company share price today opened low and hit 1997 Each level until 9:30 AM, logging 63.95 per share down from yesterday’s closing price 2060.95 level on NSE.
Star Health share price declines
star health share price today Went to open down and hit 609.05 by 9:30 at each level. as stock. was closed on On Thursday at the level of 664.15, it was recorded Today the stock market fell 55.10 within 15 minutes of opening.
Metro Brands share price falls
Like two other shares of Rakesh Jhunjhunwala, the stock of Metro Brands opened with a fall today and went on to hit 535.35 am to 9:30 am, logging 14.30 per share within 15 minutes of bell opening.
Decline in net worth of Rakesh Jhunjhunwala
As per the shareholding pattern of Titan Company for Q4FY22, Rakesh Jhunjhunwala holds 3,53,10,395 shares of the company while his wife Rekha Jhunjhunwala holds 95,40,575 Titan shares. So, Jhunjhunwala couple together have 4,48,50,970 shares of Titan. Today, the share price of Titan fell 63.95 in 15 minutes of the opening of the stock market, the fall in the net worth of Rakesh Jhunjhunwala due to the fall in this share of Tata 287 crore ( 63.95 x 4,48,50,970).
Similarly, Rakesh Jhunjhunwala has 10,07,53,935 shares of Star Health which have fallen. 55.10 per share in 15 minutes after the stock market opened today. So, the net decline in Rakesh Jhunjhunwala’s net worth due to the fall in the portfolio stock of Rakesh Jhunjhunwala is approx. 555 crore ( 55.10 x 10,07,53,935).
Rakesh Jhunjhunwala has invested in Metro Brands through his wife Rekha Jhunjhunwala. As per the shareholding pattern of Metro Brands for the January to March 2022 quarter, Rekha Jhunjhunwala holds 3,91,53,600 shares of the company, which are sunk. Today Rs 14.30 per share in 15 minutes of market opening today. So, the net decline in the net worth of Rakesh Jhunjhunwala is 56 crore ( 14.30 x 3,91,53,600).
That’s why Rakesh Jhunjhunwala lost 900 crore in 15 minutes of market opening after selling in shares of Titan Company, Star Health and Metro Brands.