Big blow to Rakesh Jhunjhunwala, lost thousands of crores in a week

There is a possibility of a recession in the world. Due to this, the stock market of many countries is seeing a huge decrease. The impact of this shortage is also being seen in the Indian stock market. Due to this, the investors here are also incurring huge losses. At the same time, due to this fall, the portfolio of Rakesh Jhunjhunwala, one of the biggest investors in the Indian stock market, has also been badly affected and he has also suffered a lot. The Indian markets witnessed a sharp decline in the last week due to rising inflation and recession. Some high-quality stocks are also sold. It also had shares in which Rakesh Jhunjhunwala also had a stake.

The losses in these shares:- Shares of Titan Company and Star Health and Allied Insurance Company, which were bought by Rakesh Jhunjhunwala, suffered heavy losses last week. Due to the sharp sell-off in these shares of Rakesh Jhunjhunwala, Big Bull lost more than one billion dollars in just five sessions last week. Titan's stock price fell by Rs 108.75 per share last week, up from Rs 2,053 due to five trading sessions. It fell from Rs 50 to Rs 1,944.75 per share.

So many millions drowned in Titan:- According to Titan company, Rakesh Jhunjhunwala owns 3,53,10,395 shares of Titan, while his wife Rekha Jhunjhunwala owns 95,40,575 shares during the period January to March 2022. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala own 4,48,50,970 shares of Titan, the price of which dropped by Rs 108.75 per share last week. Rakesh Jhunjhunwala's net worth fell by about Rs 485 crore due to the fall in Titan's stock.

Andhra ranks first in Ease of Doing Business: IT Ministry

SEBI slaps Rs 7-Cr penalty on NSE, Rs 5-Cr on Chitra Ramakrishna

Veteran industrialist Pallonji Mistry passes away, PM Modi expresses grief

- Sponsored Advert -

Most Popular

- Sponsored Advert -