Big Bull Rakesh Jhunjhunwala has lost 230 crores in Titan Company and Tata Motors shares within 10 minutes of market opening.
Rakesh Jhunjhunwala Portfolio: The stock markets have closed with a heavy fall today due to the declining trends globally and the new variant of the corona virus, Omicron. Today only two stocks on Sensex and three on Nifty have closed with gains and all sector indices of Nifty fell today. Tata Steel was the biggest seller on the Sensex and it has weakened more than 5 percent. In this sell-off, Big Bull Rakesh Jhunjhunwala has lost around 230 crores in his two favorite Tata shares within 10 minutes of market opening. Those two Tata stocks are Titan Company and Tata Motors.
Today on NSE, the share of Titan Company opened with a fall of Rs 22.70 per share, while on Friday it was priced at Rs 2280.40 on NSE and it reached 2241.10 till 9:25 am. This means that in just 10 minutes, this share of Rakesh Jhunjhunwala fell by Rs.39.30 per share against Friday’s closing price. Similarly, the share price of Tata Motors opened with a fall of Rs 10.30 per share on NSE today, while its closing price was Rs 470.20 on Friday. In the next 10 minutes, the share price of Tata Motors fell to Rs 454.30 level, causing intraday loss of Rs 15.90 per share in Rakesh Jhunjhunwala’s portfolio stock.
Zerodha CEO Nitin Kamath said, the decline of the new era of tech stocks is very scary, know what is the reason for this fear
Rakesh Jhunjhunwala’s stake in Titan and Tata Motors
As per the shareholding pattern of Titan Company for the quarter July to September 2021, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have stake in this company. Rakesh Jhunjhunwala holds 3,37,60,395 shares of Titan Company, which is 3.80 percent. Similarly, Rekha Jhunjhunwala holds 95,40,575 shares or 1.07 per cent stake in the company. In this way, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have 4,33,00,970 shares of the company. Similarly, the shareholding pattern of Tata Motors in the July to September 2021 quarter shows that Rakesh Jhunjhunwala holds 3,67,50,000 shares of the company, which is 1.11 per cent.
Cipla shares rose more than 3% amid all-round fall, what is so special about it?
230 crore loss
The share price of Titan Company fell 39.30 per share in the first 10 minutes in the morning against Friday’s closing price. Rakesh Jhunjhunwala and his wife hold 4,33,00,970 shares of the company. Accordingly, after the fall in the share price, the net worth of Rakesh Jhunjhunwala has come down by Rs 170 crore. Similarly, the share price of Tata Motors fell by Rs 15.90 per share in the first 10 minutes. Rakesh Jhunjhunwala holds 3,67,50,000 shares of the company. Accordingly, after this decline in Tata Motors, the net worth of Rakesh Jhunjhunwala has declined by about 60 crores. According to this, Rakesh Jhunjhunwala has suffered a total loss of Rs 230 crore (170 crore + 60 crore).
Financial Express is now on Telegram. Click here to join our channel and stay updated with the latest Biz news and updates.
.