This Small Cap Tata Stock Made Rekha Jhunjhunwala ₹20 Cr Richer Today

Rekha Jhunjhunwala experienced a notable increase in her net worth today, thanks to the stellar performance of the Rallis India stock. The Tata Group stock surged up over 6% today to hit an intraday high of ₹231.70.

Rallis India’s share price are experiencing an upward trend, mirroring the positive movement seen in other agro-chemical and pesticide stocks (UPL, PI Industries, Bharat Rasayan). This surge is attributed to the optimistic outlook stemming from increased demand, driven by expectations of improved agricultural conditions despite intermittent rainfall.

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Rekha Jhunjhunwala owns 7.8% or 15,071,091 shares of Rallis India. On the previous day, when the stock closed at ₹217.95, the value of her holding was ₹328.19 crore. Today, with the stock’s price at ₹231.70, her stake’s value surged to ₹348.94 crore.

Price Action: Rallis India’s share price was up 5.29% to trade at ₹229.30 in the early hours of trading on Thursday.

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

Posted In: EquitiesMarketsMoversTrading IdeasRallis IndiaRekha JhunjhunwalaTata Group