Sunday, December 15, 2024

If Rekha Jhunjhunwala's huge earnings are ruined then what are you doing? The decline spared no one – Global News Desk

HomeBusinessIf Rekha Jhunjhunwala's huge earnings are ruined then what are you doing? The decline spared no one - Global...

Date:

Share this news:


Rekha Jhunjhunwala Portfolio: Since reaching lifetime high on September 27, the stock market has been witnessing a huge decline continuously. On September 27, Sensex closed at 85,978.25 points, while on the other hand, Nifty 50 also closed at its all-time high of 26,277.35 points. Whereas despite the gain on Tuesday, November 19, the Sensex is at 77,578.38 points and the Nifty is at 23,518.50 points. The stock market has fallen by about 10 percent from its record high. The portfolios of big giants were ruined in this fall. From this, it can be clearly estimated what will be the condition of common investors in this decline.

Rekha Jhunjhunwala's shares fell by 24%

Amidst this decline, the value of the portfolio of the country's leading investor Rekha Jhunjhunwala has registered a decline of thousands of crores of rupees. The shares in Rekha's portfolio have seen a decline of 6 to 24 percent. Since reaching the top of the market till now, Rekha Jhunjhunwala's portfolio has fallen by a total of 13 percent. Whereas during this period the market has declined by 10 percent. According to Trendline data, the total value of Rekha Jhunjhunwala's portfolio at the end of September was around Rs 55,096 crore, which has fallen to Rs 40,083 crore on November 19.

See also  Petroleum companies increased the commission of petrol pump dealers, will petrol and diesel become expensive - Global News Desk

Portfolio value fell by Rs 15,013 crore

That is, since the beginning of the market decline till now, the value of Rekha Jhunjhunwala's portfolio has declined by Rs 15,013 crore. The reason for this huge loss in the portfolio of the veteran investor is the terrible fall in the shares of Titan and Tata Motors. Actually, Rekha Jhunjhunwala has about 5.1 percent stake in Titan and she has 1.3 percent stake in Tata Motors. Since the beginning of the market decline, Titan shares have fallen by 15.80 percent while Tata Motors shares have fallen by 20 percent.



Image Credit: India_Tv.

Global News Desk
Global News Deskhttps://globalnewsdesk.online
We’re thrilled to officially launch Global News Desk, your trusted source for real-time, accurate, and unbiased news from across the globe. Whether it's the latest breaking news, political developments, business trends, technological advancements, or entertainment buzz— we’ve got you covered! At Global News Desk, we believe in delivering facts that matter. Our team of experienced journalists and analysts is committed to providing in-depth coverage, insightful analysis, and diverse perspectives to help you stay informed and engaged with what’s happening around the world.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Related articles