Shares of Tata Motors and Titan were surging in the green on Wednesday. Both the Tata Group stocks even went on to hit new 52-week highs today. Rekha Jhujhunwala owns a considerable stake in both companies.
Shares of Tata Motors surged over 2.5% to hit a new 52-week high of ₹589.30. Jhunjhunwala owns 5.2 crore shares in the company. When the stock closed at ₹573.10 on Tuesday, her stake was worth around ₹2,994.79 crore. As the stock continued its bull run today, the value of her holding went up to ₹3,079.4 crore An increase of around ₹85 crore.
See Also: Why Suzlon Shares Are Skyrocketing Today
Shares of Titan went up close to 2% to hit a new 52-week high of ₹3,031. Jhunjhunwala owns around 5.29% or 4.7 crore Titan shares. On Tuesday, when the stock closed at ₹2,975.70, her stake was worth around ₹13,969.71 crore. Today, with the surge, the value of her stake went up to ₹14,229.3 crore. An increase of around ₹260 crore.
In total, the two Tata stocks added over ₹345 crore to Rekha Jhunjhunwala’s net worth today.
Price Action: Titan shares were up 1.59% to trade at ₹3,023. Tata Motors’ share price was up 2.22% to trade at ₹585.80.
Get Ring The Bell, Benzinga India’s weekly briefing. Designed specifically for investors like you.
Follow Benzinga India on the Stocktwits platform for more such real-time market news and actionable trading ideas.
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.