Late investor Rakesh Jhunjhunwala was a firm believer in the India story and had once said that the bull run in the equity market will last the next two decades. Overcoming a slump, several large-cap and mid-cap stocks have shown a positive movement in the past few sessions. This rise has led to an increase in the net worth of late ‘Big Bull’ Jhunjhunwala’s wife Rekha Jhunjhunwala.
Just 2 stocks have led to a massive jump in her fortune. Notably, Rekha bagged the third spot on Forbes’ richest women in 2022 list, just behind Savitri Jindal and Vinod Rai Gupta. Shares of footwear retail company Metro Brands and insurance company Star Health Insurance moved up in the past one month.
The appreciation in stock price of these two companies in the last one month led to a surge in Rekha Jhunjhunwala’s net worth to the tune of Rs 650 crore. Her net worth according to the Forbes list was $5.9 billion.
Star Health Insurance Share Price
The insurer got listed on the bourses in December 2021 when Rakesh Jhunjhunwala held 10,07,53,935 shares or 17.50 per cent stake in the company. After his death last year in August, the shares got transferred to his wife Rekha. The stock settled 14 per cent higher at Rs 578.05 on Friday.
Metro Brands Share Price
The shareholding pattern of Metro Brands for the third quarter of FY23, Rekha Jhunjhunwala holds 3,91,53,600 shares of the footwear brand. Her late husband had invested in this company even before its IPO. The stock closed nearly 0.5 per cent down at Rs 803.10 on Friday.
Rekha Jhunjhunwala’s Net Worth
When you look at both the stocks mentioned above, Star Health Insurance shares have moved up from Rs 530.95 to Rs 578.05 levels, up Rs 47.10 per share. The increase led to a jump of Rs 475 crore in Rekha Jhunjhunwala’s net worth in the past month.
Similarly, the shares of Metro Brands also jumped by Rs 45.70 per share in the past one month. As Rekha Jhunjhunwala holds 3,91,53,600 Metro Brands shares, her fortune swelled by Rs 179 crore with the jump in Metro Brands stock price.
This makes the total rise in Rekha Jhunjhunwala’s net worth to more than Rs 650 crore in just one month.
