Rakesh Jhunjhunwala now holds 3.57 crore equity shares in Titan, as against 3.37 crore equity shares at the end of September 2021 quarter.
Rakesh Jhunjhunwala Portfolio: Veteran investor Rakesh Jhunjhunwala has further increased his stake in Titan Company for the quarter ended December 2021. As per Titan’s latest shareholding pattern, Jhunjhunwala now holds 4.02% stake in the company, up from 3.80% at the end of September 2021 quarter. Titan is the largest stock in Jhunjhunwala’s portfolio, with a value of Rs 11,849.64 crore at Thursday’s closing price of Rs 2,618.65 per share. Further, there is no change in the stake (1.07%) of Rakesh Jhunjhunwala’s wife Rekha in Titan. According to Trendline, Big Bull has 35 shares in the public domain with a net worth of over Rs 24,225.7 crore.
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Jhunjhunwala’s stake in Titan
Rakesh Jhunjhunwala now holds 3.57 crore equity shares of Titan, as against 3.37 crore equity shares at the end of September 2021 quarter. In this way, he has bought more about 19.5 lakh shares of the company. Along with this, Big Bull holds 4.02% stake in the company at the end of December 2021 quarter. In addition, Rekha Jhunjhunwala’s stake in the company is 1.07% (95.40 lakh shares) at the end of December quarter. Their total stake in the company has increased from 4.87% at the end of September quarter to 5.09% at the end of December quarter.
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Titan shares in one year climbed over 75%
The stock of Titan Company has gained 10.38 percent in the last one month and 51.98 percent in the last six months. The stock rose almost one per cent to an intra-day high of Rs 2,643 per share on Friday, down 1.6% from its 52-week high of Rs 2,687. In the past few months, the stock fell 13.5 per cent to Rs 2,239.35 per share on December 20 from Rs 2,588.8 per share on October 18. However, with the recovery in the overall equity market, the stock also recovered. Shares of Titan have jumped 74.46 per cent in one year and more than 620 per cent in the last five years. So far in 2022, Titan’s stock has climbed about 3 percent.
(Article: Harshita Tyagi)
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