Rekha Jhunjhunwala witnessed a substantial increase in her wealth today, thanks to the impressive performance of the Titan stock. The Titan share price surged up over 2.5% to hit an intraday high of ₹3,037 on Friday.
Jhunjhunwala owns a 5.36% stake in Titan, equating to 47,595,970 shares. With the stock’s previous close at ₹3,216.50, her holdings were valued at ₹15,309 crore. The ascent to today’s high of ₹3,304.35 boosted the value of her stake to ₹15,739 crore.
Titan’s share price continued to make gains for the second straight session. The Tata Group company has been on a steady run these past few months. In the past six months, the stock has climbed up over 20%.
Brokerages see the stock going further up from here. Motilal Oswal has a “buy” call on the stock with a target price of ₹3,570. Prabhudas Liladhar also has a “technical buy” rating on the stock with a price target of ₹3,630.
Price Action: Titan’s share price was up 2.58% to trade at ₹3,299.60 in the late hours of trading on Friday.
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Editor’s Note: Artificial Intelligence was used as a secondary aid in the writing of this article.
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