Rakesh Jhunjhunwala earned ₹1540 crore in 3 months from this stock. do you have

Rakesh Jhunjhunwala’s shareholding in Titan Company

Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have invested in Tata Company as per the shareholding pattern of Titan Company from July to September 2021. Rakesh Jhunjhunwala holds 3,37,60,395 shares or 3.80 per cent stake in the company while his wife Rekha Jhunjhunwala holds 95,40,575 shares or 1.07 per cent stake in the company. So, Jhunjhunwala has overall 4.87 percent stake or 4,33,00,970 shares of Titan Company.

Tita Share Price History

According to the share price history of Titan Company, the Tata Group stock was closed at 2161.85 each level on NSE as on 30 September 2021 while it closed at 2517.55 per share level on NSE as on 31st December 2021. Therefore, in the last 3 months, the share price of Titan has increased 355.70 per equity share.

Impact on Rakesh Jhunjhunwala’s net worth

Rakesh Jhunjhunwala and his wife hold 4,33,00,970 shares of Titan Company and the stock has risen 355.70 every, Rakesh Jhunjhunwala net income increase in last 3 months from this stock is around 1540 crore ( 355.70 x 43300970).

Titan Share Price Outlook

According to stock market analysts, the stock rally of Titan is expected to continue in the short term and investors can buy at current levels.

Advice to investors to buy shares of Titan Company; Sumeet Bagadiya, Executive Director, Choice Broking said, “One can buy and hold Titan Company shares at current levels. It may go up. 2700 levels in the next 15-25 days.”

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.