Rakesh Jhunjhunwala holds 17.5 percent stake in Star Health. The company has 100,753,935 shares in his portfolio.
Rakesh Jhunjhunwala portfolio Stock Star Health: In the current ups and downs of the stock market, it is becoming difficult to identify good stocks. The Russia and Ukraine crisis seems to be prolonging. There is uncertainty around the world about this. At such times, investors should focus on such quality stocks, which have strong fundamentals. If you are looking for such a stock, then you can keep an eye on Star Health of the insurance sector. This stock is also included in the portfolio of Rakesh Jhunjhunwala, considered a veteran investor. Brokerage house Emkay Global has given investment advice in this with a target of Rs 1040. That is, it can give more than 50 percent return from the current price.
Trust Retail Health Insurance Business
Brokerage house Emkay Global has given investment advice and has set a target of Rs 1040. The brokerage says that Star Health is returning to the track of profitable growth. The company’s capital position is adequate to support growth in the coming years. Investor confidence is increasing in the retail health insurance business. The brokerage says that the management expects the company to see a potential turnaround in Q4FY22. Star Health’s business will be completely normal in FY23 if there is no new wave of COVID.
VRL Logistics: This stock can give 55% return, became a multibagger even in challenges, has doubled money in 1 year
better capital position
The brokerage house says that the capital position of Star Health is better. This will further support business growth. Management will not need to raise capital for the next 2 years. The company’s position is also better on the distribution front. The company plans to add 1 lakh agents every year for the next 3 to 4 years. It has more than 12000 hospitals in its network. The company’s focus is on product innovation and the company will get the benefit of focusing on wellness from illness.
work on product pricing
The company is also working on product pricing and operating expenses. The company’s past track record has been good, the company has a good hold in the retail health market, hence Star Health’s business outlook is strong in the long term.
Rakesh Jhunjhunwala holds 17.5% stake
Rakesh Jhunjhunwala holds 17.5 percent stake in the company. The company has 100,753,935 shares in his portfolio. Star Health was listed on the stock market on 10 December 2022. The issue price for the IPO was Rs 900, while the stock got listed at Rs 903. On the listing day, after seeing a price of Rs 940, it closed at Rs 907. At the same time, the share is around Rs 685.
(Disclaimer: Stock investment advice is given by the brokerage house. These are not the personal views of The Financial Express. Markets are risky, so take expert opinion before investing.)
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