A Tata Group company has given shoddy returns to investors. This Tata Group company is Titan Company. Titan Company has given returns of over 60,000 per cent to investors so far. Shares of Titan Company have crossed Rs 2.5 to Rs 2500 in the last few years. Veteran investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have a major stake in Titan Company.
1 lakh would have become more than Rs 10 crore
The shares of Titan Company were at a level of Rs 2.50 on the National Stock Exchange (NSE) on 11 April 2003. The company’s shares are trading at a level of Rs 2505.50 on 22nd April 2022. The shares of the company have given returns of over 60,000 per cent to the investors. If an investor had invested Rs 1 lakh in the company’s shares on April 11, 2003 and had retained his investment, the amount would have been much more than Rs 10 crore at the present time. If a person had invested even Rs 10,000 in the shares of the company on April 11, 2003, then at present this money would have been more than Rs 1 crore.
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Investor’s money more than doubled every 4 years
The shares of Titan Company are consistently giving tremendous returns. In April 2009, the shares of Titan Company were at a level of around Rs 40. In April 2013, the company’s shares reached around Rs 300. Titan’s shares rose to Rs 600 in October 2017. At the same time, in April 2021, the company’s shares reached around Rs 1,460. The company’s shares are trading at Rs 2505.50 on 22nd April 2022. Shares of Titan have given over 70 per cent returns in the last one year.
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Rakesh Jhunjhunwala has a large stake in the company
As per the shareholding pattern of Titan Company for the quarter ended March 2022, both Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold stake in Titan Company. Rakesh Jhunjhunwala holds 3,53,10,395 shares or 3.98 per cent stake in Titan Company. At the same time, Rekha Jhunjhunwala holds 95,40,575 shares or 1.07 percent stake in Titan Company.