{"id":50360,"date":"2022-06-27T13:50:00","date_gmt":"2022-06-27T08:20:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=50360"},"modified":"2022-06-27T13:36:00","modified_gmt":"2022-06-27T08:06:00","slug":"did-rakesh-jhunjhunwalas-bet-on-this-stock-go-wrong-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/did-rakesh-jhunjhunwalas-bet-on-this-stock-go-wrong-2\/","title":{"rendered":"Did Rakesh Jhunjhunwala&#8217;s bet on this stock go wrong?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2974807342\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of Star Health and Allied Insurance Company have declined 26.32% in the last 7 sessions and made their new record low of&nbsp; \u20b9516.10 on Monday. Currently, the stock is trading at the \u20b9517.25 and is down 2.88% as of IST 11:42.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-493429174\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The share was listed in the market on 10th December 2021 at \u20b9845. During the listing day, the share touched the high of \u20b9940 and closed at a price of \u20b9906.85. Since then, the share has witnessed a downward trend and is currently trading at a discount of 44.93% from its peak.<\/p><p>Ace investor Rakesh Jhunjhunwala holds a 17.5% stake in the company since its listing and has remained unchanged as of March 2022. The 17.5% stake of Jhunjhunwala amounts to 10,07,53,935 shares which are currently worth \u20b95,410.4 crores.<\/p><p>As of March 2022, Promoters hold a 58.90% stake in the company, FIIs hold a 9.78% stake, DIIs hold a 27.30% stake and the Public holds a 4.02% stake in the company.<\/p><div class=\"trade-content_5\" id=\"trade-1259800313\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>For FY22 the company reported net revenue of \u20b910,601 crores which is an increase of 104% compared to the previous financial year. Although the company doubled its revenue it reported a net loss of \u20b91,040 crores which is an increase of net loss by 26% compared to the previous financial year.\u00a0<\/p><p>The Management believes that the company\u2019s performance will return to normal in FY23, with the absence of any further Covid-19 wave.<\/p><p>Star Health &amp; Allied Insurance Ltd (Star) is the largest private health insurer in India and India\u2019s first Standalone Health Insurance provider with a market share of 15.8% in the Indian health insurance market in FY21.<\/p><p>Although the company has reported a huge net loss for two years, Rakesh Jhunjhunwala has bet a huge stake in the company during its listing and hasn\u2019t decreased his holdings as of March 2022. Does Jhunjhunwala see a potential in the company that the general investors do not see?&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By: Aaron Vas<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-4211915227\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of Star Health and Allied Insurance Company have declined 26.32% in the last 7 sessions and made their new record low of&nbsp; \u20b9516.10 on Monday. Currently, the stock is trading at the \u20b9517.25 and is down 2.88% as of IST 11:42. The share was listed in the market on 10th December 2021 at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25229,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[465,654,467,3815,3216,4203,4204],"class_list":["post-50360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-rakesh-jhunjhunwala","tag-rakesh-jhunjhunwala-latest-news","tag-rakesh-jhunjhunwala-portfolio","tag-rakesh-jhunjhunwala-portfolio-stocks","tag-rakesh-jhunjhunwala-stock","tag-star-health-insurance","tag-star-health-insurance-future"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Did Rakesh Jhunjhunwala&#039;s bet on this stock go wrong? - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/did-rakesh-jhunjhunwalas-bet-on-this-stock-go-wrong-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Did Rakesh Jhunjhunwala&#039;s bet on this stock go wrong?\" \/>\n<meta property=\"og:description\" content=\"The shares of Star Health and Allied Insurance Company have declined 26.32% in the last 7 sessions and made their new record low of&nbsp; \u20b9516.10 on Monday. Currently, the stock is trading at the \u20b9517.25 and is down 2.88% as of IST 11:42. 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