The stock in Rakesh Jhunjhunwala’s portfolio has a ‘Buy’ rating, giving investors a strong return of 27%.

Rakesh Jhunjhunwala Portfolio Stocks: There is a lot of volatility in stock markets around the world due to geopolitical tensions. Its effect is also seen in the domestic stock market. In the recent fall in the market, there are many stocks that have dropped significantly from their 52-week highs. Brokerage houses are now advising to invest in these stocks. One of them is Star Health and Allied Insurance Company, which is part of Rakesh Jhunjhunwala’s portfolio. The stock has a 52-week high of Rs 940. The stock is currently trading at around 635. In other words, about 32% correction has come from this stock. Brokerage house ICICI Securities has suggested buying the shares. The brokerage says the stock is in a healthy valuation and has a good trading outlook.

Star Health and Allied Insurance: Target Rs

Brokerage house ICICI Securities has advised to invest in Star Health and Allied Insurance stocks with a target of Rs 806 crore. On March 10, the share price was Rs 635.55. That way, investors can get a return of about 27 percent from the current price. Brokerage House says that Stall Health and Allied Insurance is one of the leading insurance companies in India. The company has a market share of 14% and 32% in total / retail health insurance. The company has a strong network of over 5.30 lakh agents, over 12000 hospitals and 737 branches. The company has a strong presence in the country’s insurance sector.

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The company has a good financial track record

The brokerage house says the company’s financial track record is strong. During FY16-FY20, the company’s net profit (PAT) increased by 18% CAGR. The average RoE between FY18 and FY20 was 15.5 percent The company has strong management. Although the company’s business in FY21 / FY22 has suffered due to Covid 19, the company will benefit from better growth in the health insurance sector going forward. We tell you, Star Health was listed on the market on December 10, 2022. The issue price of the IPO was Rs 900 and the stock was listed at Rs 903.

Rakesh Jhunjhunwala owns 16.5%

Rakesh Jhunjhunwala’s company has a 16.5 per cent stake in the stock market. Rakesh Jhunjhunwala owns 14.4 per cent and his wife Rekha Jhunjhunwala 3.1 per cent. According to Trendline, Rakesh Jhunjhunwala currently has 37 stocks in his portfolio with a total value of over Rs 32,025.7 crore.

(Disclaimer: The investment advice here is provided by the brokerage house. This is not a G-Business opinion. Please consult your advisor before investing.)