Rakesh Jhunjhunwala might have lost nearly Rs 500 crore in last four days as Sensex, Nifty slip

By | February 20, 2021

Rakesh Jhunjhunwala may need misplaced almost Rs 500 crore in final 4 days as Sensex, Nifty slip

Nazara Technologies IPOThe largest fall, in share phrases amongst these shares, was seen by Tata Motors.

Correction within the benchmark indices may need burned a Rs 500 gap in Rakesh Jhunjhunwala’s portfolio this week. S&P BSE Sensex erased 654 factors throughout the week and the broader 50-stock NSE Nifty gave up the essential 15,000 mark. Primarily based on Rakesh Jhunjhunwala’s shareholding on the finish of the October-December quarter, simply six shares owned by him may have collectively brought about the almost Rs 500 crore blow. These embrace the likes of Titan firm, a inventory Jhunjhunwala has held for years now and even Tata Motors, which he added to the portfolio only in the near past.

The largest fall, in share phrases amongst these shares, was seen by Tata Motors. The newly added Tata Group agency in Rakesh Jhunjhunwala’s portfolio fell 7.3% within the final 4 days of the week. The inventory value was at Rs 336 on closing on Monday however dropped to Rs 312 per share on Friday. Jhujhunwala owns 4 crore fairness shares of the corporate, this interprets to a Rs 96 crore loss in 4 days.

By way of worth, it was one in every of his oldest bets that erased the most important portion of wealth. Titan Firm, one other Tata Group agency that Rakesh Jhunjhunwala has held for years now, fell 4% since closing on Monday. The inventory value went from Rs 1,485 to Rs 1,425. On the finish of the third quarter of the present fiscal 12 months, the large bull held 4.71 crore shares of the corporate. This roughly makes the loss stand at a staggering Rs 283 crore.

Though some on Dalal Road are suggesting the again to regular commerce now, which incorporates hospitality shares, that theme didn’t precisely profit Rakesh Jhunjhunwala this week. Indian Resorts fell 6.1% this week pulling the large bull’s wealth decrease by Rs 20 crore. Together with this, Jhunjhunwala’s rural and agriculture play Escorts was additionally not serving to his portfolio this week. Shares of the corporate fell 4.42%, leading to a Rs 39 crore loss in simply 4 days.

Among the many different bets of the ave investor that didn’t play out this week embrace Crisil, the home arm of American ranking and analysis company S&P World. Crisil’s share value slipped 3.9% since closing on Monday to finish the week at Rs 1,945 per share, this converts to a lack of Rs 31 crore for Rakesh Jhunjhunwala who owns Rs 39.75 lakh shares of the corporate. Pharma agency Lupin was additionally among the many drags, falling 1.6%. This erased Rs 27 crore of Jhunjhunwala’s wealth. General the loss totals Rs 496 crore, primarily based on the third quarter shareholding information.

(Calculations are primarily based on shareholding sample on the finish of the October-December quarter of fiscal 12 months 2021.)

Get reside Inventory Costs from BSE, NSE, US Market and newest NAV, portfolio of Mutual Funds, Take a look at newest IPO Information, Finest Performing IPOs, calculate your tax by Revenue Tax Calculator, know market’s High Gainers, High Losers & Finest Fairness Funds. Like us on Fb and comply with us on Twitter.

GadgetClock is now on Telegram. Click on right here to hitch our channel and keep up to date with the newest Biz information and updates.

#Rakesh #Jhunjhunwala #misplaced #crore #days #Sensex #Nifty #slip

Leave a Reply

Your email address will not be published. Required fields are marked *