New Delhi. Rakesh Jhunjhunwala portfolio: Tata Group shares have been giving excellent returns to their shareholders on the back of a sharp rally in the last few sessions. The share price of Tata Motors reached a new 52-week high, while the shares of Titan Company are at an all-time high. Actually, the shares of Titan Company have been skyrocketing since the beginning of 2021.
The share price of Titan rose nearly 17.50 per cent in the 9 trading sessions of October 2021, earning Rakesh Jhunjhunwala around Rs 1600 crore.
share price history of titan company
The share price of Titan has increased from Rs 2161.85 (close price on 30 September 2021 on NSE) to Rs 2540 (closing price on 13 October 2021 on NSE) in October 2021. In the last 9 trading sessions, there was an increase of Rs 378.15 per share. In this rally, the share price of Titan reached its new all-time high of Rs 2,608.95.
Also read: This stock gave a return of 3100 percent in a year, a share of Rs 21 became Rs 693
How much did this stock earn for Rakesh Jhunjhunwala
According to the shareholding pattern of Titan Company for the quarter April to June 2021, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have stake in the Tata group company. Rakesh Jhunjhunwala holds 3,30,10,395 shares of the company while his wife Rekha Jhunjhunwala holds 96,40,575 shares of the company. Altogether there are 4,26,50,970 shares of Titan.
The share price of Titan rose by Rs 378.15 per share in the last 9 sessions. Due to this, the total assets of Rakesh Jhunjhunwala increased by close to Rs 1600 crore (378.15 x 4,26,50,970).
Rakesh Jhunjhunwala sold his stake in Titan Company in the quarter April to June 2021. Rakesh Jhunjhunwala held 3,52,60,395 shares as of March 2021 quarter, while his wife Rekha Jhunjhunwala held 96,40575 shares of Titan, but Rakesh Jhunjhunwala’s shareholding stood at 3,30,10,395 shares in the June 2021 quarter. While the shareholding of Rekha Jhunjhunwala remained unchanged at 96,40,575 shares. This means that Rakesh Jhunjhunwala sold 22,50,000 or 22.50 lakh shares of Titan during the April to June 2021 quarter. Titan Company is yet to announce its shareholding for the July to September 2021 quarter.
Read Hindi News Online Watch More Live TV News18 on Hindi website. Know related to country and abroad and your state, Bollywood, sports world, business News in Hindi.