Net Worth Of Rakesh Jhunjhunwala’s Wife Up By Rs 1,390 Crore In 1 Month From This Company’s Stocks – News18

Titan company’s stock was the most preferred share of the late Rakesh Jhunjhunwala, one of the most famous stock market investors in India. This stock has generated favourable returns for the stock market investor and his wife Rekha Jhunjhunwala. There has been a rise in the share price of Titan from Rs 3,010.65 per share level to Rs 3,302.45 per share level, logging a Rs 291.80 per share rise on Thursday.

This rise in Titan’s share price has led to an increase in Rekha Jhunjhunwala’s net worth by around ₹1,390 crore in just one month’s time. According to the shareholding pattern of Titan Company Limited for the April to June 2023 quarter, Rekha Jhunjhunwala holds 4,75,95,970 Titan Company shares. This is 5.36 per cent of the total paid-up capital of the company. Paid-up capital is the amount of money a company has received from shareholders in exchange for shares of stock.

According to the Mint, Rekha Jhunjhunwala’s portfolio stock has been hitting a lifetime high for the last two straight sessions. It has also set a record high on three out of four sessions this week. She has invested in 26 stocks till June 30, 2023.

Titan’s share price on Friday opened upside and went on to hit an intraday high of Rs 3,302.45 apiece levels on the National Stock Exchange, logging near 10 per cent appreciation in the last month. Titan shares climbed to a record high on September 11, September 13, and September 14’s sessions this week.

Not only Rekha Jhunjhunwala, but Life Insurance Corporation’s shares have also benefitted from the share price rise of the Titan stock. According to the shareholding pattern of Titan Company, Life Insurance Corporation of India held 1,56,86,771 shares of Titan Company in the first quarter of the financial year 2024. This is 1.77 per cent of the total paid-up capital of the company. Due to a 10 per cent rise in Titan shares in just one month, the value of LIC’s investment has also increased by about Rs 458 crore.