This Tata Stock Made Rekha Jhunjhunwala ₹480 Cr Richer Today

Shares of Titan, surged over 3% in the regular session today, hitting a new 52-week high of ₹3,210. Rekha Rakesh Jhunjhunwala owns a 5.29% stake or 46,945,970 shares in the company.

The company’s strong operational updates for the quarter that ended in June drove the surge in the Tata Group Company. The company reported a 20% year-over-year revenue growth in the April-June period, with all key consumer businesses showing double-digit growth in the quarter.

See Also: Reliance, Adani Total Gas May Spend Up To ₹5,000 Cr On Biogas Plants

Given the 52-week high that the stock hit today, the value of Jhunjhunwala’s stake in Titan has seen a significant increase. The surge in Titan’s stock price has increased Jhunjhunwala’s net worth by around ₹488 crore.

On Thursday, when the stock closed at ₹3,106.40, the value of her stake was around ₹14,581 crore, today with the surge the value of her stake went up to ₹15,069 crore.

Price Action: Titan’s share price was up 3% to trade at ₹3,199 in early trade on Friday.

Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

Congratulations!
You have successfully subscribed.

Read Next: ICICI Securities Analyst Sees This Large-Cap Stock Shooting Up 20%

Editor’s Note: Artificial intelligence was used as a secondary aid in the writing of this story.

Posted In: EquitiesEducationMarketsGeneralRekha JhunjhunwalaTitan