This stock has seen a rise of 30% in the last 7 days. However, Jhunjhunwala has 14.39% holding in that insurance stock.
The stock of Star Health and Allied Insurance company, which is included in the portfolio of veteran investor Rakesh Jhunjhunwala, has seen a good rally in the last week, due to which the assets of Rakesh Jhunjhunwala have increased by Rs 1,452 crore.
According to the report, this stock has given a negative return of 31.37% in the last 1 year.
On the other hand, Star Health stock has seen a gain of more than 30% in the last 1 week, which currently has a market cap of around Rs 35,721.09 crore.
According to media reports, Rakesh Jhunjhunwala has 8,28,82,958 equity shares of Star Health, according to which he has taken 14.39% holding in the company.
Along with this, Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala holds 1,78,70,977 equity shares of Star Health, according to which she has a holding of 3.10% in the company.
Both the portfolios are bought and sold by Rakesh Jhunjhunwala.
Star Health & Allied Insurance stock has gained 30% in last 7 days
A week ago, the price of this stock was below the level of Rs 500, which was at Rs 475.95 in BSE on 6 July.
Now this stock has crossed the price level of Rs 600 and has reached Rs 622.40. During this period, the stock saw a rise of more than 30%.
Second largest stock included in Rakesh Jhunjhunwala’s portfolio
As per Trendline data, Rakesh Jhunjhunwala has currently invested Rs 6,243.2 crore through Star Health stock, which is the second largest stock in his portfolio after Titan.
Is Star Health stock included in your portfolio?
Anshuman Deb and Ravin Kurva, Research Analysts at ICICI Securities, while releasing the report on July 3 said that Star Retail Health can see good growth.
It is one of the best stocks in the insurance sector.
With this, it has become even more attractive for investors after the fall.