Not just an investor, Rakesh Jhunjhunwala is also a promoter in these 2 stocks

NEW DELHI: Star investor Rakesh Jhunjhunwala, who publicly holds 33 stocks with a net worth of more than Rs 25,500 crore, is a promoter in two of them. Market data shows that the Big Bull’s name figures in the list of promoters of two listed companies - Star Health and Aptech. Both these stocks are now hovering near their 52-week lows.

With a holding value of around Rs 5,000 crore, Star Health is Jhunjhunwala's biggest bet in the listed space after Titan. On the other hand, his stake in Aptech is worth around Rs 216 crore.

In terms of percentage shareholding, the 62-year-old ace investor holds double-digit stakes in Metro Brands, NCC and Nazara Technologies.

As companies start releasing their June quarter shareholding data from next week onwards, it would be known how Jhunjhunwala rejigged his portfolio and that of his better half amid market volatility.

Star Health
March quarter data shows that the 62-year-old investor held 14.4 per cent stake in the company while his wife Rekha held another 3.11 per cent stake.

After hitting a 52-week high of Rs 940 on its listing day on 10th December last year, the stock has slumped 47 per cent so far to hit a new 52-week low of Rs 495.10 on Wednesday.

Out of 10 analysts covering the insurance stock, the majority, however, have a buy view on Star Health. The average price target of Rs 764 suggests an upside potential of 51.7 per cent.

Aptech
The Jhunjhunwalas own 23.4 per cent stake in vocational training services provider Aptech. The calendar year hasn't been so good for the stock as after hitting a 52-week high of Rs 448 on 12th January, the stock lost half of its value to hit a low of Rs 196 last week.

In the last one year period, the stock has lost 8% while in the last 3 years it is up 55 per cent. Aptech has zero analyst coverage.

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