Rakesh Jhunjhunwala earned ₹ 1600 crore from this stock in 9 days

Its pace intensified in October 2021. In the 9 trading sessions of October 2021, the share price of Titan has risen nearly 17.50 per cent, helping Rakesh Jhunjhunwala to earn approx. ₹1600 crores.

Titan Company Share Price History

In 9 trading sessions in October 2021, Titan’s share price has risen from ₹2161.85 (Closing Price on 30 September 2021 on NSE) to ₹2540 (Closing on 13 October 2021 on NSE) — rising ₹378.15 per share in the last 9 trading days. In this rally, Titan’s stock price climbed to its new lifetime high ₹2,608.95 also.

How much did Rakesh Jhunjhunwala earn in this Titan share price rally

As per the shareholding pattern of Titan Company for the quarter April to June 2021, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold stake in the Tata group company. Rakesh Jhunjhunwala holds 3,30,10,395 shares of the company while his wife Rekha Jhunjhunwala holds 96,40,575 shares in the company. So, Jhunjhunwala has total holding of 4,26,50,970 Titan shares.

As Titan’s share price rose ₹378.15 per share in the last 9 trading sessions, Rakesh Jhunjhunwala’s net worth in Titan Company has been around . Enhanced ₹1600 crore ( ₹378.15 x 4,26,50,970).

Rakesh Jhunjhunwala sold his stake in Titan Company in the April-June 2021 quarter. Rakesh Jhunjhunwala held 3,52,60,395 shares while his wife Rekha Jhunjhunwala held 96,40575 Titan shares as of March 2021 quarter. But in the June 2021 quarter, Rakesh Jhunjhunwala’s shareholding came down to 3,30,10,395 shares, while Rekha Jhunjhunwala’s shareholding remained unchanged at 96,40,575 shares. This means that Rakesh Jhunjhunwala sold 22,50,000 or 22.50 lakh shares of Titan during the April to June 2021 quarter. Titan Company is yet to announce its shareholding for the July to September 2021 quarter.