New Delhi: Generally, investors follow Rakesh Jhunjhunwala, who is known as the Big Bull of the stock market. Investors, keep a tap on the stocks included in his portfolio. But recently, a stock from his portfolio made him to lose around Rs 1340 crore in just two months.
The said stocks are of Star Health and its shares are under sell-off since its opening at a discounted price and listing on December 10, 2021.
The public issue of the Rakesh Jhunjhunwala-backed company was offered at Rs 870 to Rs 900 per equity share, but the shares opened at Rs 848 on BSE and Rs 845 per share on NSE.
After listing on NSE on 10 December 2021, it closed at Rs 906.85 level. After about two months, this stock has come down to the level of Rs 774 on NSE, due to which the net worth of Rakesh Jhunjhunwala has declined by about Rs 1340 crore.
The shares of Star Health were listed on the NSE and BSE on 10 December 2021. The shares were listed at a discounted price. After closing at Rs 906.85 level on the listing date, it has come down to Rs 774 per share level, with a loss of Rs 132.85 per share.
Notably, the big bull holds 10,07,53,935 shares of the company, whose current value is Rs 7,796.3 crore. Shares of Star Health declined by Rs 132.85 per share due to which there has been also a decline in the net worth of Rakesh Jhunjhunwala.
The stock of Star Health has recently been listed in the market.
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