Rakesh Jhunjhunwala Portfolio: Indian stock market lags in morning deals due to weak global cues. In this bearish stock market, Rakesh Jhunjhunwala suffered a loss of around ₹ 318 crore in Titan company’s shares within 10 minutes of market opening. The share price of Titan Company opened today at ₹2,336 and fell to ₹2,283.65 per share at 9:25 am – just 10 minutes after the opening bell today.
Rakesh Jhunjhunwala’s stake in Titan Company
The share price of Titan Company closed at ₹ 2,357.25 per share on NSE yesterday and today it fell to ₹ 2,283.65 10 minutes after market opening, a fall of ₹ 73.60 per share in this period.
As per the Titan Company’s shareholding pattern for the July to September 2021 quarter, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have stake in this Tata company. Rakesh Jhunjhunwala holds 3,37,60,395 shares of Titan Company, which is 3.80 percent of the total paid-up capital of the company. Similarly, Rekha Jhunjhunwala holds 95,40,575 shares or 1.07 per cent stake in the company. That is, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have 4,33,00,970 shares of Titan Company.
Rakesh Jhunjhunwala suffered so much loss
Jhunjhunwala owns 4,33,00,970 shares of Titan Company and lost ₹73.60 per share within 10 minutes of stock market opening, the slide in this Tata stock resulted in Rakesh Jhunjhunwala’s net worth adding up to about ₹318 crore (₹73.6 x 4,33,00,970) has been breached.
Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. ABPLive.com It is never advised here to invest money on anyone’s behalf.)
(This is an auto-generated article from syndicated news feed. TEAM BEPINKU.COM may not have modified or edited the article).