- Date : 18/08/2022
- Read: 3 mins
Rakesh Jhunjhunwala's portfolio stocks fall after his death!
Rakesh Jhunjhunwala was one of the most renowned Indian investors. This Sunday, he died, leaving behind his vast fortune of $5.8 billion. He is survived by his wife, Rekha Jhunjhunwala and three kids. He started his trading/investing career in 1985 with just Rs 5,000. He was one of the most followed investors in India.
After his death, his portfolio stocks fell on Tuesday. His portfolio comprised 32 stocks. At the time of his death, his top holdings included Titan, Star Health, Metro Brands, Tata Motors, Crisil Ltd, Fortis Healthcare, etc. Read below to know which stocks from his portfolio can be bought at a discount.
Which Rakesh Jhunjhunwala stocks fell on Tuesday?
The stocks which fell on Tuesday include-
- Titan Industries- is one of the most well-known stocks in his portfolio, and it fell 1.54% in trade on Tuesday. The stock was available at a price of Rs 2,433 against a closing price of Rs 2471.95 on Friday. The luxury goods and jewellery retailer has been a huge multi-bagger for Rakesh Jhunjhunwala.
- Aptech Ltd- The stock was trading 3.67% lower in trade, and Rakesh Jhunjhunwala owns a 23.4% stake in the company. It is his biggest holding in percentage terms.
- Star Health Insurance- The stock fell 4.79% in trade and was available at Rs 662 in trade. The previous closing price of the stock was Rs 696.1. He owns a 14.39% stake in the firm, and his wife owns a 3.1% stake in the company.
- Tata Motors- It is also a big bet for the Big Bull, and it fell 0.68% in trading. He owns a 1.5% stake in the company.
- Crisil Ltd- This rating agency stock fell 0.56% in trading. He owns a 5.5% stake in the company.
- Fortis Healthcare- The stock fell 0.2% in trading.
Some Rakesh Jhunjhunwala stocks bucked the trend and were trading higher. Metro Brands rose 0.23% in trading. The stock is on an uptrend, and it was up 5.13% on Friday. The firm's market cap is around Rs 23,000 crores. But, as per the experts, there should be no fundamental impact on his portfolio stocks as he is not the promoter, and also, he has no say in the day-to-day functioning of these companies. In most companies, he is a passive investor and does not have a seat on the board. Therefore, if you are a long-term investor, you should consider these stocks as they have fallen in trading.