This Rakesh Jhunjhunwala portfolio share has skyrocketed over 77 pct in less than 1 year
Rakesh Jhunjhunwala is known for making money at a faster rate than a normal stock market investor. That's why the Big Bull of Indian share market is admiringly called 'the Warren Buffett of India.'
Rakesh Jhunjhunwala is known for making money at a faster rate than a normal stock market investor. That's why the Big Bull of Indian share market is admiringly called 'the Warren Buffett of India.' The Ace Indian stock investor has been hitting headlines these days for booking profit in some of his portfolio shares. Titan share is one of them. If we go by Titan share price history, we will find that Titan shares have delivered more than 77 per cent returns in less than one year time period.
Titan share price history
Titan share price hit its low on 23rd March 2020, when it had a closing price of Rs 800.95 per stock. But, from May 2020 onwards, Titan shares recovered sharply on the share market rebound. This attracted eyeballs of Rakesh Jhunjhunwala who booked profit in Titan Company shares in the October to December quarter period.
When Rakesh Jhunjhunwala book profit in Titan shares
This can be understood from the fact that Titan share price had closed at Rs 1201.35 on 30th September 2020 — last trade session before beginning of the Oct-December quarter. Titan Company shares had a close price of Rs 1567.15 on 31st December 2020 — last trade session of the Oct-December quarter. So, the Titan Company shares surged more than 30 per cent in the Oct-December quarter that prompted Big Bull to take advantage of the rally in Titan share price. On February 23rd, 2021 Tita share price had a closing of Rs 1425.90 per stock.
WATCH | Click on Zee Business Live TV Streaming Below:
Rakesh Jhunjhunwala shareholding in Titan shares
In Titan, both Rakesh Jhunjhunwala and Rekha Jhunjhunwala have big investments. As per the September quarter shareholding pattern of the company, Rakesh Jhunjhunwala shareholding in the company was 4.43 per cent while wife Rekha Jhunjhunwala had 1.09 per cent share holding. But, in the December quarter, Rakesh Jhunjhunwala shareholding reduced to 4.23 per cent while Rekha Jhunjhunwala continued to remain invested with 1.09 per cent of the company shares.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.