Ace investor Rakesh Jhunjhunwala has earned Rs 832 crore through the shares of Metro Brands and Star Health Insurance in the last one month.
The shares of recently-listed Star Health Insurance have risen by Rs 54.50 in a month, rising from Rs 686.60 to Rs 741.10 apiece. Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala together held 10,07,53,935 company shares or 17.50 per cent stake in the company at the end of December quarter last fiscal. Jhunjhunwala earned Rs 550 crore from Star Health shares in the last one month.
Share of Rakesh Jhunjhunwala-backed footwear retail chain Metro Brands hit upper circuit of 20% today after the firm reported a reported a 54.63 per cent rise in consolidated net profit for the third quarter ended December 2021. The stock rose 20% to Rs 609.45 against the previous close of Rs 507.90 on BSE.
Shares of Metro Brands listed at a discount of 12.60% at Rs 437 compared to the issue price of Rs 500. The company offered its shares in a price band of Rs 485-500 per share.