Stock market experts and participants closely follow Rakesh Jhunjhunwala‘s portfolio. The same goes for mutual fund houses and portfolio investors. He is the big bull of the Indian stock market. Rakesh Jhunjhunwala often places bets with high returns. He owned stocks in 35 companies as of December 2021. Recently, the big bull has tumbled down. Five of his stocks have dropped by 25%. So, is it the right time to invest?
Rakesh Jhunjhunwala’s Portfolio
Many of Rakesh Jhunjhunwala‘s portfolio stocks plunged during the Russia-Ukraine War. That is because the market went into correction. Five of his stocks plummeted more than 25% in the past weeks. So, for the investors who believe in his optimism, it is the right time for them to put their money.
Rakesh Jhunjhunwala and His Stock Portfolio
Here are five of his portfolio stocks that plunged this time.
Indiabulls Housing Finance
This private lender company gave up on 38 percent in 2022 so far. Earlier, it was Rs 220.95 on January 1, 2022. However, now the stock has dropped down to Rs 150.10. It was the closing price on March 9, 2022.
This portfolio stock also faced the wrath of the market correction during the past weeks. Earlier, the stock was Rs 590.14 on January 1, 2022. However, it has plunged to Rs 406.95 as of March 9, 2022.
Indiabulls Real Estate
This realty firm has dropped down by more than 35% in the ongoing year. Earlier, its stock was Rs 162 on January 1, 2022. However, it closed at Rs 107.95 a day earlier.
Edelweiss Financial Services
This company has dipped to almost 30% in the ongoing year. Its stock was earlier priced at Rs 75.90 on January 1, 2022. Now, the stock stands at Rs 53.30 as of March 9, 2022. As per reports, Jhunjhunwala owned a 1.60% stake in Edelweiss Financial Services as of December 2021 quarter.
Rakesh Jhunjhunwala and Nazara Technologies
This company has also plunged more than 25% this year. The stock trading of the same was at Rs 2403.55 on January 1, 2022. But now, it has reached Rs 1739.55 on March 9, 2022.
The Current Portfolio of Rakesh Jhunjhunwala
Numerous reports suggest that Rakesh Jhunjhunwala and his wife Rekha hold stakes at the Tata Group hospitality company. He holds 1,42,87,765 shares of Indian hotels which makes for a stake of 1.08 percent. Rekha Jhunjhunwala, on the other hand, holds 1,42,79,200 shares that also makes for 1.08 percent. So, both husband and wife hold 2.16 percent flagship at the Tata Group.
Who is Rakesh Jhunjhunwala?
Rakesh Jhunjhunwala comes in the category of Indian billionaires. He is also a stock trader and investor. The big bull is also a partner at Rare Enterprises. His estimated net worth is around $5.8 billion as of 2021. Jhunjhunwala is positioned as the chairman of Aptech Limited and Hungama Digital Media Entertainment Private Limited. He is counted among the board of directors of Prime Focus Limited. The same goes for many other companies that run under him. Rakesh and his wife Rekha hold shares at the Titan Group, Star Health Insurance, and many other companies.