This Tata Stock Made Rekha Jhunjhunwala ₹273 Cr Richer Today

Rekha Jhunjhunwala experienced a significant boost in her net worth today, thanks to the commendable performance of the Titan stock. The Titan share price went up close to 2% to hit a new 52-week high of ₹3,306.

Rekha Jhunjhunwala owns 5.36% or 47,595,970 shares of Titan. On the previous day, when the stock closed at ₹3248.60, the value of her holding was around ₹15,462. Today, with the stock’s high at ₹3,306, her stake’s value surged to ₹15,735 crore. An increase of around ₹273 crore.

See Also: Why This Tata Stock Is Upbeat Today

The stock jumped back in the green today halting its two-session losing streak. The Tata Group stock has been on a great run this year. In the past six months, the stock has gone over 30%.

Motilal Oswal in its latest note on the stock, released earlier this month maintained the ‘buy’ rating on the stock raising the price target from ₹3325 to ₹3,570. The firm said that the retail giant has a strong runway for growth in the consumption space in India, with robust earnings growth visibility and compounding for the long term.

Price Action: Titan’s share price was up 1.56% to trade at ₹3,299.25 at the time of writing on Monday.

Read Next: This Rekha Jhunjhunwala-Backed Small Cap Stock Gains After Partnering With Saudi Arabian Entity

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

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Posted In: EquitiesEducationMarketsGeneralRekha JhunjhunwalaTata GroupTitan