The stock of Titan Company is one of the favorite stocks of Big Bull Rakesh Jhunjhunwala. However, the recent performance of Titan shares has dealt a big blow to Big Bull. Titan’s shares have fallen 12 per cent in the last five days. At the same time, Titan’s shares have fallen about 13 percent so far this year. Titan’s shares have lost more than Rs 300 so far this year. This fall has a direct impact on the net worth of Rakesh Jhunjhunwala. Due to the fall in Titan’s shares in the year 2022, the wealth of Big Bull has decreased by more than Rs 1200 crore.
Shares have fallen by more than Rs 300 so far this year
In the January-March 2022 quarter, Rakesh Jhunjhunwala reduced his stake in the Tata Group flagship company to 5.05 per cent from 5.09 per cent. Titan’s shares were at Rs 2,523.75 earlier this year on January 3. The company’s shares are at a level of Rs 2,220.40 on BSE on 6 May 2022. The company’s shares have lost Rs 306 so far this year. The shares of Titan are in the consolidation phase for the last 6 months. The company’s profit also declined 7 per cent in the January-March 2022 quarter.
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Titan shares have given more than 31,000 percent return so far
The shares of Titan have given returns of 31,500 per cent to the investors so far. On July 14, 1995, the company’s shares were at the level of Rs 7 on BSE. The company’s shares are at a level of Rs 2,220.40 on BSE on 6 May 2022. If a person had invested Rs 1 lakh in the shares of the company on July 14, 1995 and had retained his investment, then at present this money would have been more than Rs 3.1 crore.
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Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have a major stake in Titan. As of the March 2022 quarter, Rakesh Jhunjhunwala holds 3,53,10,395 shares or 3.98 per cent stake in Titan. At the same time, Rekha Jhunjhunwala holds 95,40,575 shares or 1.07 per cent stake in Titan. Both have a combined stake of 5.05 percent in this Tata company.