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    Many Jhunjhunwala stock bets hit 52-week lows in recent D-St selloff

    Synopsis

    Recent debutant Star Health's lowest level came on February 24 at Rs 633.10. It traded at Rs 678.50 a piece on Thursday. Jhunjhunwala and his wife Rekha Jhunjhunwala hold 17.5 per cent stake in this pure-play health insurer.

    Jhunjhunwala
    Wockhardt hit a 52-week low of Rs 326.25 on February 24.
    NEW DELHI: A handful of stocks owned by ace investor Rakesh Jhunjhunwala and his better half Rekha Jhunjhunwala, hit their 52-week lows in the last one week and are lying close to those levels so far, data suggests.

    Edelweiss Financial Services, where the ace investor owned 1.6 per cent stake as of December 31, hit a 52-week low of Rs 53.95 on February 28. On Thursday, the stock made an intraday low of Rs 55.20.

    Wockhardt hit a 52-week low of Rs 326.25 on February 24. Amid intraday weakness, this stock made a low of Rs 337 a piece in Thursday's trade. Jhunjhunwala owned 2.26 per cent stake in this drug maker at the end of December quarter.

    Jubilant Pharmova hit a low of Rs 415 on Thursday, a slight recovery over its 52-week low of Rs 389.90 hit on February 28. The Jhunjhunwala duo owned about 6.3 per cent stake in this company as of December 31.

    Rallis India hit a one-year low of Rs 226.80 on February 24. The stock traded at Rs 240.50 on Thursday. Rakesh and Rekha together held 9.8 per cent stake in this Tata group company as of December 31.

    Recent debutant Star Health's lowest level came on February 24 at Rs 633.10. It traded at Rs 678.50 a piece on Thursday. Jhunjhunwala and his wife Rekha Jhunjhunwala hold 17.5 per cent stake in this pure-play health insurer.

    Also, shares of NCC traded at Rs 60.75 a piece after hitting a 52-week low of Rs 55.80 on Ferbuary 24. Rekha owned 12.8 per cent in this company as of December 31.

    The BSE Midcap index quoted at 23,248.87 on Thursday and was well above its 52-week low of 19,232.94 hit on March 19 last year. Similar was the case with the Smallcap index, which is off its one-year lows. The two indices, however, have fallen up to 10 per cent so far in 2022.



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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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