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.
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.
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