Rakesh Jhunjhunwala portfolios net worth drops by 25% or Rs 8300 cr in 3 months owing to weak market
As of 04 July 2022, the ace investor portfolio net worth stood over Rs. 25,425.9 Cr as compared to Rs 33754 crore in the March-end quarter, the stock analysis website pointed out.
Billionaire investor Rakesh Jhunjhunwala's portfolio's net worth shrunk by over 25 per cent or Rs 8300 crore during the June 2022 quarter to about Rs 25,426 crore. The ace investor along with his wife and associates holds around 33 stocks in the portfolio, as per the stock analysis website trendlyne.com.
As of 04 July 2022, the ace investor portfolio net worth stood over Rs. 25,425.9 Cr as compared to Rs 33754 crore in the March-end quarter, the stock analysis website pointed out.
The weakness in the market is considered to be a major reason for the fall in Rakesh Jhunjhunwala’s portfolio net worth, as both the benchmark indices – BSE Sensex and Nifty50 – slipped by over 10.5 per cent during June 2022 quarter.
Among the most invested company shares, the stock of Star Health and Allied Insurance proved to be most denting for Jhunjhunwala’s portfolio. The counter slumped nearly 35 per cent in the last three months, the ace investor holds the highest of all stakes 17.5 per cent in the company, as per shareholding.
One of the favourites and Tata Group company stock Titan, which is down nearly 23 per cent in the last three months has also negatively impacted the ace investor’s portfolio. Jhunjhunwala holds over 5 per cent stakes in the company, as per the latest shareholding filing of the company.
Similarly, the second-most invested company stock – Metro Brands was marginally down by 2 per cent during the June 2022 quarter and so was the other Tata Group company stock from Rakesh Jhunjhunwala’s portfolio – Tata Motors down by almost 7 per cent.
Rakesh Jhunjhunwala, who is also called the Big Bull of the Indian stock market, manages the asset firm Rare Enterprises. CRISIL Limited, Fortis Healthcare, Indian Hotels, Federal Bank, Delta Corp, and NCC are among the top 10 stocks in his portfolio in terms of the value of over Rs 500 crore.
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