HomeBusinessThis share of Rakesh Jhunjhunwala can go as much as Rs 700,...

This share of Rakesh Jhunjhunwala can go as much as Rs 700, the inventory can climb greater than 47%

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Inventory market specialists are bullish on the shares of Star Well being and Allied Insurance coverage, which is a part of the portfolio of veteran investor Rakesh Jhunjhunwala. Market specialists say that the shares of Star Well being can go as much as Rs 700. That’s, the shares of the corporate can leap by greater than 47 p.c from the present share value. Shares of Star Well being closed at Rs 475.95, down 2.24 per cent on the Bombay Inventory Change (BSE) on Wednesday, July 6, 2022. Shares of Star Well being are given purchase ranking by analysts at home brokerage home ICICI Securities with a goal value of Rs 700 with purchase ranking. Brokerage home ICICI Securities believes that the shares of Star Well being can attain Rs 700. Specialists imagine that the corporate is the market chief within the retail well being phase. The corporate’s market valuation stood at Rs 27,419.49 crore as of July 6, 2022, on the closing value. Shares of Star Well being entered the market on December 10 final yr. Within the preliminary days, the corporate’s shares had reached a 52-week excessive of Rs 940. Additionally read- 20000% return given, now this pharma firm is giving bonus shares, the worth of Jhunjhunwala’s shareholding is Rs 4910.2 crore Star Well being’s IPO was launched between November 30 and December 2. The problem of the corporate was not absolutely subscribed, the difficulty was subscribed solely 79%. Shares of Star Well being have fallen 49 per cent from their 52-week excessive. On the similar time, Star Well being’s shares have fallen greater than 47 p.c towards the difficulty value of Rs 900 of the IPO. As on 31 March 2022, Rakesh Jhunjhunwala holds 14.40 per cent stake in Star Well being. On the similar time, his spouse Rekha Jhunjhunwala has a 3.11 p.c stake. The Jhunjhunwala household holds a 17.5% stake in Star Well being. In keeping with Trendline information, the shareholding worth of Jhunjhunwala is Rs 4910.2 crore. Additionally read- The costs of edible oil shall be cheaper by Rs 10, the federal government has given this order to the businesses Story Credit score- Mint

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