There is a big news related to the investment of veteran investor Rakesh Jhunjhunwala. Rakesh Jhunjhunwala has sold shares of Tata Group’s flagship company Titan Company during the March quarter of the last financial year. Now Jhunjhunwala’s stake in Titan has come down from earlier. The shares of Tata Group company Titan have given tremendous returns to the investors. The shares of the company have so far given returns of more than 57,000 to the investors.
Jhunjhunwala’s stake in Titan now reduced to 3.98 percent
As per the latest shareholding pattern available with the exchange, Rakesh Jhunjhunwala holds 3,53,10,395 shares or 3.98 per cent stake in Titan Company. Earlier, Jhunjhunwala held 4.02 per cent stake in Titan in the December 2021 quarter. Shares of Titan closed at Rs 2461.50, down 1.07 per cent on the National Stock Exchange (NSE) on Wednesday (April 13, 2022). The market is closed on Thursday and Friday. Titan’s shares have fallen 2.47 per cent so far this year. However, there has been no change in the stake held by Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala in Titan. His stake in Titan is only 1.07 per cent.
Also read- Now No Tension in Tatkal Ticket Booking! Know the new good news of railways
Titan’s shares have given a return of 57,546 percent
The shares of Titan Company were at the level of Rs 4.27 on the National Stock Exchange (NSE) on January 1, 1999. The company’s shares have closed at Rs 2461.50 on 13 April 2022. The shares of Titan have so far given a return of 57,546 per cent to the investors. If a person had invested Rs 10,000 in the shares of the company on January 1, 1999 and had retained his investment, then at present this money would have been close to Rs 57.65 lakh. The 52-week low of Titan’s shares is Rs 1400.05. At the same time, the 52-week high level of the company’s shares is Rs 2,768.
Also read- 8 real estate companies are going to give strong returns, this is the target price of brokerage