Star Health and Allied Insurance Company may be the second significant stock in Rakesh Jhunjhunwala’s portfolio found in value terms, following the gems and jewellery giant Titan Company. Since its market debut, the overall Health backup plan has seen a sharp decline in stock execution. However, this month ended up fruitful for Star Health as the stock has picked its moment and by Friday even inched closer to the ₹640 mark. Star Health shares have skyrocketed by more than 30% in seven trading sessions. Riding on the solid performance, Jhunjhunwala’s wealth in the claim jumps around ₹1,452 crores in seven sessions. The stock still gets the potential to rise further.
On Friday, Star Health shares closed at ₹620.05 apiece, up by ₹23.35 or 3.91% on BSE. Its market cap currently is around ₹35,721.09 crore.
The shares were below the ₹500 level till mid of last week. On July 6, the shares stood at ₹475.95 apiece on BSE, but since then, the percentages have ranged above ₹500 to over ₹600 level.