Rekha Jhunjhunwala saw a significant increase in her net worth today, thanks to the impressive performance of the Titan stock. Titan’s share price surged up over 1.5% to hit an intraday high of ₹3,067.
Rekha Jhunjhunwala owns 5.36% or 47,595,970 shares of Titan. So, on the previous day, when the stock closed at ₹3,011.10, the value of her holding was ₹14,331 crore. Today, with the stock’s price at ₹3,067, her stake’s value went up to ₹14,597 crore.
Titan has been on a steady upward trajectory, the stock has climbed up over 20% in the past six months. However, most brokerages feel that at the current valuation, the upside in the stock is limited. Here are the latest analyst calls on the stock.
|Brokerage Firm||Rating||Target Price|
|Geojit BNP Paribas||Hold||₹3,150|
Price Action: Titan’s share price was up 1.71% to trade at ₹3,062.50 on Thursday afternoon.
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