Rakesh Jhunjhunwala portfolio stock: If you invest money in the market by looking at the portfolio of the Big Bull Rakesh Jhunjhunwala of the stock market, then you can keep an eye on Star Health shares. Brokerage and research firm Motilala Oswal is bullish on Star Health and is recommending buy. Motilal Oswal has kept the target price of Star Health at Rs 800 and has given a buy rating on it. Let us inform that the shares of Star Health are currently at the level of Rs 695.75 per share on NSE.
What did the brokerage firm say?
Motilal Oswal remains positive on Star Health shares. “The company has performed strongly in 4QFY22,” the brokerage firm said in its note. In terms of premiums, Star Health is aiming to grow higher than the industry. Motilal Oswal said, “Calculation of solvency margin is likely to go from claims to premium in the near term. This will help improve the solvency ratio to 1.9 in the next 3-4 months along with improving DTA profits and profitability.
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Rakesh Jhunjhunwala’s portfolio includes
As per the BSE shareholding pattern, Rakesh Jhunjhunwala holds 14.40% stake in Star Health, while his wife Rekha Jhunjhunwala holds 3.11% equity in the company as on March 31, 2022. Together they hold 17.51% stake in this insurance company.
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Please note that this is a 2005 company. Star Health & Allied Insurance offers coverage options for retail health, group health, personal accidents and overseas travel insurance.