Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala's decision to increase shareholding in Tata Group company Titan proved to be good for her portfolio. Within 10 minutes of the market opening on Thursday morning, Rekha earned Rs 233 crore due to Titan. The company's stock today reached a high of Rs 2,619 in 10 minutes. Due to this increase, the stock of the company increased by Rs 49.70 per share in 10 minutes. Due to which Rekha Jhunjhunwala's net worth increased.
How did Rekha Jhunjhunwala gain Rs 233 crore?
As per the Titan Company shareholding pattern for the January to March 2023 quarter, Rekha Jhunjhunwala holds 4,69,45,970 Titan shares, which is 5.29 per cent of the total paid-up capital of the Tata Group company. As mentioned above, today the share price of Titan increased by Rs 49.70 per share in 10 minutes. This means, Rekha Jhunjhunwala's net worth has increased by more than Rs 2,33,32,14,709 or approximately Rs 233 crore due to the rise in Titan share price in the first 10 minutes of Thursday's session.
The stake was increased in the last quarter
As mentioned above, in Titan Company's shareholding data for Q4FY23, Rekha Jhunjhunwala holds 4,69,45,970 Titan shares or 5.29 per cent stake in this Tata Group company. However, in the October to December 2022 quarter, Rekha Jhunjhunwala held 4,58,95,970 Titan shares or 5.17 per cent stake in the company. This means, Rekha Jhunjhunwala had bought 10.50 lakh Titan shares during Q4FY23, increasing her stake by 0.12 per cent in Titan Company during January to March 2023.
How was Titan's performance this year?
In the last one month, Titan's share price has increased from around Rs 2460 to Rs 2590 per share, registering an increase of more than 5 per cent during this period. However, in the year 2023, this stock of Tata Group has increased by only one percent. In the last one year, this Rekha Jhunjhunwala portfolio stock has risen from Rs 2480 to Rs 2590 per share, registering a growth of more than 4 per cent during this period.
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