Rakesh Jhunjhunwala earns 1540 crore from this stock in 3 months. Do you own?

Rakesh Jhunjhunwala portfolio: Titan Company is one of the favorite stocks in Rakesh Jhunjhunwala’s portfolio. Big Bull displayed a strong conviction towards this action of the Tata group as he remained invested in the script even during the difficult times of Covid. This is now paying dividends to the “Warren Buffett of India”. Over the past 3 months, the Titan share price has gone from ??2161.85 (closing price on NSE on September 30, 2021) at ??2,517.55 (closing price on NSE on December 31, 2021) each of the levels, helping Rakesh Jhunjhunwala’s net worth to rise closely ??1540 crore in this period.

Participation of Rakesh Jhunjhunwala in Titan Company

According to the Titan Company shareholding model from July to September 2021, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have investments in the Tata company. Rakesh Jhunjhunwala owns 3 37 60 395 shares or 3.80% of the capital of the company, while his wife Rekha Jhunjhunwala owns 95 40 575 shares or 1.07% of the capital of the company. Thus, the Jhunjhunwalas together hold 4.87% of the capital or 4 33 00 970 shares of Titan Company.

Tita share price history

According to the Titan Company share price history, the Tata Group share had closed at ??2,161.85 levels each on NSE on September 30, 2021 as it closed at ??2517.55 levels per share on NSE on December 31, 2021. So in the last 3 months the Titan share price has skyrocketed ??355.70 per share.

Impact on Rakesh Jhunjhunwala’s Net Worth

As Rakesh Jhunjhunwala and his wife own 4.33,00,970 Titan Company shares and the stock has increased ??355.70 each, the increase in Rakesh Jhunjhunwala’s net income from this stock over the past 3 months is approximately ??1540 crores ( ??355.70 x 43300970).

Titan Share Price Outlook

According to stock market experts, the rally in Titan shares is expected to continue in the near term and investors can buy and hold the meter at current levels.

Advising investors on the purchase of shares of Titan Company; Sumeet Bagadia, Executive Director of Choice Broking, said, “You can buy and own shares of Titan Company at current levels. It can go up to ??2,700 levels in the next 15-25 days. “

Warning: The opinions and recommendations expressed above are those of individual analysts or brokerage firms, not Mint.

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