In the stock market on Wednesday, Sensex-Nifty closed at the green mark with a rise. Recovering from the initial sluggishness, suddenly the market trend changed and both the indices rose sharply by 230 points and closed at the level of 80,234, while Nifty-50 closed the trading at the level of 24,274.95 with a jump of 80 points. But over the past two months there has been a lot of turmoil in the market and shares of large companies have also suffered a collapse. In this period of decline, the portfolio of Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, known as the big bull of the stock market, has also fallen. Especially the four stocks involved in this have fallen a lot.
Effect of changes in market movements
Tata Group companies included in Jhunjhunwala’s top 5 stocks list include Titan and Tata Motors to Star Health. There has been a big drop since September and they plummeted badly. Due to the market correction, Rekha Jhunjhunwala’s portfolio declined by about 12 per cent. If we look at the data available on Tradeline, at the close of trading in the stock market on Tuesday, its total was Rs 40,435.11 crore, which was Rs 55,095.90 crore at the end of the September quarter.
This big loss for Titan stock
Jhunjhunwala is heavily invested in shares of Titan Share, a Tata Group company included in his portfolio. According to the report, Rekha Jhunjhunwala had a 5.1 per cent stake in the company, worth Rs 14,741 crore. There has been a big drop since September 30th. Large brokerage firms such as Goldman Sachs and Jefferies said the reduction in customs duties has had a negative impact on margins in the jewelry business. Due to this, the company’s quarterly results have also weakened. On September 27, the price of a Titan share was Rs 3,816.17, which fell to Rs 3,292 on Wednesday. If we analyze it accordingly, in two months this value has decreased by 13.75 percent.
Share Tata Motors
Jhunjhunwala’s stake in Tata Motors, another Tata Group stock, has also declined. Rekha Jhunjhunwala had a 1.3 per cent stake in the automobile giant worth Rs 3,741.4 crore. The price of this stock has decreased by 20.93 percent in the last two months. Last September 27, the price of a share of Tata Motors was Rs 993, which fell to Rs 785.20 at the end of trading on Wednesday.
Health insurance and star allies
Shares of Star Health and Allied Insurance Company Limited have fallen more than 25 percent since September 30. The price of this favorite stock of Rekha Jhunjhunwala was Rs 614.95 on September 27, and it fell to just Rs 456.80 on Wednesday, November 27. According to this, the price of each share has decreased by Rs 158.15 in a period of two months.
Metro brands share
Now let’s talk about Jhunjhunwala’s fourth favorite stock, which is Metro Brands Limited stock. Shares of Metro Brands Ltd have also fallen drastically in these two months and caused huge losses to Rekha Jhunjhunwala. This company’s results over the last six quarters have been nothing special. If we talk about the stock, its price has fallen by more than 4.21 percent. On September 27, the price of this stock was Rs 1,275.75, which fell to Rs 1,222 on November 27.
(Note: Before making any kind of investment in the stock market, definitely consult your market experts.)
