Rekha Jhunjhunwala Increases Promoter Stake to 15.57% in Star Health
Ace investor Rekha Jhunjhunwala has made a significant move by increasing her stake in Star Health and Allied Insurance Company to 15.57% during the December quarter. This marks a substantial rise from 3.04% in the quarter ending September, translating to an increase of 1,253 basis points. Jhunjhunwala is classified under the promoter group as per the BSE shareholding data.
Key Developments in Stakeholder Dynamics
– Stock Underperformance: Despite this optimistic increase, Star Health has faced challenges, experiencing a downturn of nearly 6% over the past year, mirroring the broader struggles within the sector. The Nifty Pharma index fell 3% during this period, while the Nifty overall grew by 8%.
– Stake Changes: Concurrently, the company saw a notable stake reduction of 1,255 basis points by other promoters, dropping to 1.55% from 14.10% in Q2 FY26.
Company Overview
Star Health, headquartered in Chennai, specializes in providing health insurance solutions. The firm boasts a robust network that includes:
– 14,000 hospitals
– 850+ branch offices across India
Current Stock Trends
– Shares of Star Health are currently trading below their 50-day and 200-day simple moving averages (SMAs), with values of Rs 470 and Rs 445, respectively, according to data from Trendlyne.
Financial Performance
– In the September quarter, Star Health reported:
– Net profit fell 51% to Rs 55 crore, compared to Rs 111 crore in the previous year.
– Total revenue reached Rs 4,381 crore, marking an 8% increase from Rs 4,061 crore in the same quarter last year.
Rekha Jhunjhunwala’s Portfolio
According to recent corporate shareholdings compiled by Trendlyne, Rekha Jhunjhunwala has publicly invested in 26 stocks, with her net worth exceeding Rs 44,238 crore. Her stake in Star Health is valued at approximately Rs 4,000 crore. Other notable stocks in her portfolio include:
– Aptech
– Sundrop Brands
– Valor Estate
– Escorts Kubota
– Federal Bank
– Fortis Healthcare
Conclusion
Rekha Jhunjhunwala’s increased stake in Star Health highlights her confidence in the company’s potential, despite ongoing market challenges. Her strategic investments signify a bullish outlook for the health insurance sector, making it essential for investors to monitor the evolving landscape closely. With continued focus on enhancing performance, Star Health aims to reclaim its standing in a competitive market.