Shares of Star Health Insurance have zoomed 51% from their 52-week low in just 21 trading sessions or a month. The stock, which forms a part of ace investor Rakesh Jhunjhunwala's portfolio, hit a 52-week low of Rs 469.05 on July 1, 2022. The Star Health share closed at Rs 710.20 on August 1, delivering 51.41 per cent returns to investors in a month. However, Star Health Insurance stock is still trading 23.3 per cent lower from the 52-week high of Rs 940 it hit on December 10, 2021. Rakesh Jhunjhunwala is a promoter of Star Health. He (14.39 per cent or 8.28 crore shares) and his wife Rekha Jhunjhunwala (3.10 per cent or 1.78 crore shares) held 17.49 per cent stake in the firm as of June 2022 quarter, shareholding pattern data show.
Sensex closes 21 pts higher at 58,136 and Nifty gains 5 pts to 17,345. Equity market ended higher for the fourth session on Monday, tracking strong global cues and inflows of fresh foreign funds.
Shares of RBL Bank fell over 5 per cent today despite the lender posting Rs 201 crore profit for the quarter ended June 30, 2022. The lender had posted a net loss of Rs 459 crore in the year-ago period. The stock fell 5.69 per cent at Rs 89.55 against the previous close of Rs 94.55 on BSE.
Shares of ITC crossed the Rs 300 mark for the first time in three years in trade today amid higher broader markets. ITC stock hit a fresh 52-week high of Rs 302.2 today against the previous close of Rs 298.10 on BSE. ITC stock was trading higher than 5-day, 20-day, 50-day, 100-day and 200-day moving averages.