Rakesh Jhunjhunwala
IRCTC Latest News
Rakesh Jhunjhunwala portfolio: Big Bull-backed Star Health Insurance listed on Indian bourses on 10th December 2021. The public issue had a discounted opening but in later part of the listing date, it surged up to ₹940 apiece levels, which is still its life-time high. After ascending to its life-time high, this Rakesh Jhunjhunwala stock has been under the selloff heat. Star Health shares are currently near to its 52-week low of ₹712.15 apiece levels. So, retail investors might get lured at this stock as it is currently available at around 20 per cent lower from its upper price band of ₹900 per equity share.
According to stock market experts, those who have long-term view, they have a good opportunity to buy this insurance stock at such a lower level. However, for those investors who have short term view, they are advised to wait and buy above ₹750 levels only. Experts went on to add that post-Covid, provisioning of the company is expected to go down leading to rise in growth and net profit of the company in upcoming quarters.
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