Rakesh Jhunjhunwala’s Titan Company portfolio share hit a 52-week record on Thursday, rising more than 5% on both benchmark exchanges. The stock was also among the top gains on BSE Sensex today.

Rakesh Jhunjhunwala’s portfolio share Titan Company hit an all-time high on Thursday, rising more than 5% on both benchmark exchanges. The jump in Titan’s stock made top investor Rakesh Jhunjhunwala richer with about Rs 449.18 crore. Titan’s share rose 5.2% against Rs 2721.65 per share on NSE, and rose 5% against Rs 2720 each on BSE in intraday trading. On a year-to-date basis, Titan’s shares are up more than 7%. The stock was also among the top gains on BSE Sensex today.

In afternoon trading, the stock was up 4.5% at Rs 2,704 apiece. There are possibilities that the gains (in the Titan stock) will be extended and the stock could move higher as long as it can stay above the Rs 2650 levels, Milan Vaishnav, CMT, MSTA, Consulting Technical Analyst and Founder, Gemstone Equity Research & Advisory Services , FE.com told.

“Titan tested the peak near 2690 in October; after that, the stock remained in a rectangular formation and in a defined trading range between 2690-2300 levels for nearly five months. The stock has attempted another breakout. There are possibilities for the benefits to expand and the stock to move higher as long as it can stay above the 2650 levels. Any slip below 2650 will put the stock back into trading range,” Vaishnav said.

The luxury goods maker headquartered in Bengaluru has rallyed the stock markets this week, and Thursday’s 52-week high helped the company surpass its previous record of $2,687.30 apiece, which it set in January this year. reached. Ace investor Rakesh Jhunjhunwala owns a 3.8% stake in the company, which amounts to about 3.37 crore shares. Together with investor Rekha Jhunjhunwala, his wife, they own a 4.87% stake in the company. Jhunjhunwala owns shares worth more than Rs 9,180 crore and together with his family they jointly own shares worth Rs 12,187 crore in the company.


This post Rakesh Jhunjhunwala’s wealth is soaring at Rs 450 crore as Titan shares hit an all-time high; share among top gainers was original published at “https://www.financialexpress.com/market/rakesh-jhunjhunwalas-wealth-soars-by-rs-450-crore-as-titan-stock-hits-record-high-stock-among-top-gainers/2464064/”

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