Rekha Jhunjhunwala's stake in Titan company soars, notional gains of Rs 500 crore
PTC News Desk: Rekha Jhunjhunwala, the widow of seasoned investor Rakesh Jhunjhunwala, saw a substantial increase in her wealth as her stake in Titan Company, a Tata Group company, generated notional gains of Rs 494 crore. With a record-high position of 5.29 per cent in the jewellery maker, valued at Rs 15,080.57, her net worth soared.
Following the release of Titan Company's June quarter update, the company's shares experienced a surge of over 3 per cent. Within minutes of trading, the stock reached a new record high of Rs 3,211.10. As a result, the market capitalisation of Titan Company soared to an all-time high of Rs 2,85,077 crore, marking an increase of Rs 9,357 crore compared to the previous session.
According to data from AceEquity, Rekha Jhunjhunwala's stake in Titan Company resulted in notional gains of Rs 494 crore, highlighting the impressive growth of her investment. The consistent rise in the stock's value contributed to her substantial net worth.
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- With inputs from agencies
