Rekha Jhunjhunwala portfolio is closely followed by retail investors as it helps them understand in which direction the smart money of the Indian stock market has flown. There is a stock market news for such retail stock market investors. Share price of Rekha Jhunjhunwala’s Titan Company, one of the portfolio, has gained in the last one month. 150.90 each or adding up to around 6.30 percent Rekha Jhunjhunwala’s net worth this time Rs 992 crore. Rekha Jhunjhunwala holds 5.17 per cent stake or 4,58,95,970 Titan shares in the LIC-backed Tata group company.
Rise of Rekha Jhunjhunwala Net worth
As mentioned above, Titan share price climbed from 2397.10 per share level 2548 each level, logging 150.90 per share appreciation in last one month. As per the shareholding pattern of Titan Company Limited for the quarter October to December 2022, rekha jhunjhunwala Titan owns 4,58,95,970 shares of the company. This means, Rekha Jhunjhunwala’s net worth in rupee terms has almost increased due to the rise in Titan’s share price in the last one month. 6,92,57,01,873 or thereabouts 692 crores in the last one month.
LIC backed company
Insurance giant Life Insurance Corporation of India (LIC) has invested in the Tata Group company, according to shareholding data of Titan Company Limited for the third quarter of FY2023. As of Q3FY23 shareholding pattern of Titan Company, LIC holds 2,05,19,699 shares of Titan Company, which is 2.31 per cent of the total paid-up capital of the Tata group company. In Q2FY23, LIC held 2,89,63,596 shares of Titan, which constituted 3.26 per cent of the total paid-up capital of the company. This means, the state-owned insurer reduced the stake of the Tata group in the company during the third quarter of FY2023.
SBI Nifty 50 ETF has also invested in this Rekha Jhunjhunwala-backed Tata group company. As per the shareholding pattern of Titan Company for the recently ended third quarter of the financial year, SBI Nifty 50 ETF held 1,40,05,693 Titan shares or 1.58 per cent stake in the company.
The shareholding pattern of Titan Company for the quarter January to March 2023 is awaited.
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