After a long decline in the stock market, the rally returned. On Tuesday, the market’s main index Nifty50 has gained 288 points (1.88 per cent) and the Sensex has gained 934 points (1.81 per cent). In this boom, Big Bull Rakesh Jhunjhunwala’s favorite stock Titan saw a big jump of 5.93 percent and climbed Rs 116.40 to close at Rs 2078.
Titan became the top gainer of the market: Titan was the biggest growing stock in Nifty50. It was followed by Hindalco by 5.52 per cent, JSW Steel by 4.70 per cent, Coal India by 4.5 per cent and Adani Port by 3.91 per cent.
Rakesh Jhunjhunwala earned 522 crores: Titan is the largest jewelery brand in the country. According to the information given by the company to the stock exchange, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 4,48,50,970 shares of Titan or 5.05 per cent stake in the company as of the end of March quarter. On the other hand, assume that there has been no change in their share. So according to the increase of Rs 116.40 per share in Titan on June 21, Rakesh Jhunjhunwala has made a profit of Rs 522 (4,48,50,970 × 116.4) crore.
Rakesh Jhunjhunwala’s portfolio: According to the information given on Trendlyne, Big Bull Rakesh Jhunjhunwala’s portfolio has 37 companies including small and big companies and his total portfolio is Rs 26,182 crore. Titan Company Limited, Tata Motors Limited, Indian Hotels Company Limited, CRISIL Limited and Star Health and Allied Insurance Company Limited are among the top 5 companies in Rakesh Jhunjhunwala’s portfolio as per the March 2022 quarter data.
Let us tell you, due to the fall in the stock market, there has been an increase in Jhunjhunwala’s portfolio. At the beginning of this year, his portfolio was valued at Rs 33,754 crore, which has now come down to Rs 26,182 crore. Since the beginning of this year, the Nifty has lost a huge 11 per cent so far.