Jhunjhunwalas lost Rs 1,400 crore in three of their top stock bets in May

NEW DELHI: Despite Monday's across-the-board surge in stocks, seasoned investor Rakesh Jhunjhunwala and his wife Rekha lost over Rs 1,400 crore notionally in three of their biggest portfolio holdings in May.

As per data compiled by AceEquity, Big Bull and Rekha held 5.05 per cent stake in Titan Company as of March 31.

At Monday's Titan m-cap of Rs 1,98,593 crore, Jhunjhunwalas stake in the Tata group firm was valued at worth Rs 10,028.96 crore compared with Rs 11,025 crore, suggesting a notional loss of Rs 996 crore.


This is after considering a 4 per cent intraday gains for Titan on Monday.

In case of Star Health and Allied Insurance Company, the stock was up 1.5 per cent to Rs 673.45 a piece. Jhunjhunwalas promoted this pure play general insurance company and held a 17.51 per cent stake in it as of March 31. Their holding in this stock has fallen Rs 381 crore to Rs 6,786.62 crore from Rs 7,167.54 crore on April 29.

Mrs Jhunjhunwala held 14.43 per cent stake in Metro Brands. Her stake in the footwear retail chain was valued at Rs 2,191.64 crore as of Monday's trade, down from Rs 2238.26 crore as of March 31. down Rs 47 crore.

This is after considering a 6.55 per cent jump (to Rs 559.45) on the counter on Monday afternoon.

An average target of Rs 2,598 on Titan Company, as per Trendlyne, suggests an upside potential of 15.7 per cent on the counter. No average targets are available for Metro Brands and Star Health.

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