Rekha Jhunjhunwala Gets Richer by Rs 692 cr in a Month From This Tata Stock; Do You Own?

[ad_1]

Last Updated: April 10, 2023, 16:21 IST

Titan Share Price: Rekha Jhunjhunwala, who is the wife of legendary investor Rakesh Jhunjhunwala, portfolio is closely watched by retail investors as it helps them understand the direction in which the Indian stock market has flown.

In the last one month, LIC-backed stock Titan Company, which is a part of the Jhunjhunwaala portfolio, has seen its share price has ascended Rs 150.90 apiece or 6.30 per cent adding around Rs 992 crore in Rekha Jhunjhunwala’s net worth in this time.

Rise in Rekha Jhunjhunwala’s Net Worth

As per the shareholding pattern of Titan Company for October to December 2022 quarter, Rekha Jhunjhunwala is the owner of 4,58,95,970 shares of the company.

This means, due to appreciation in Titan share price in last one month, rise in Rekha Jhunjhunwala net worth in rupee terms is around Rs 6,92,57,01,873 or around Rs 692 crore in last one month.

According to shareholding data of Titan Company Limited for Q3FY23, insurance behemoth Life Insurance Corporation (LIC) of India has investments in this Tata group company. In Q3FY23 shareholding pattern of Titan Company, LIC holds 2,05,19,699 Titan Company shares, which is 2.31 per cent of total paid up capital of the Tata group company. In Q2FY23, LIC was holding 2,89,63,596 Titan shares, which was 3.26 per cent of total paid up capital of the company. This means, the state-owned insurance company trimmed stake in this Tata group company during Q3FY23.

SBI Nifty 50 ETF has also invested in this Rekha Jhunjhunwala-backed Tata group company. As per the shareholding pattern of Titan Company for third quarter of the recently ended financial year, SBI Nifty 50 ETF holds 1,40,05,693 Titan shares or 1.58 per cent stake in the company.

According to Forbes, Rekha Jhunjhunwala is India’s third richest woman with a net worth of USD 5.2 billion. Rekha Jhunjhunwala inherited a highly valuable stock portfolio from her late husband Rakesh Jhunjhunwala.

After the death of Rakesh Jhunjhunwala in August 2022, Rekha Jhunjhunwala, 59, inherited his stock portfolio, which includes holdings in 29 companies such as Titan, Metro Brands, Star Health, Tata Motors, and Crisil.

Born on September 12, 1963, Rekha Jhunjhunwala did her graduation from Mumbai University. She got married to Rakesh Jhunjhunwala in 1987.

Read all the Latest Business News here

Aparna Deb
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. Among other things, financial market, economy and policies interest her ...Read More
[ad_2] Source link https://worldnews2023.com/economy/rekha-jhunjhunwala-gets-richer-by-rs-692-cr-in-a-month-from-this-tata-stock-do-you-own/?feed_id=303635&_unique_id=664f0716a1281

Comments

Post a Comment

Popular posts from this blog

Real Housewives of Beverly Hills couple Kyle Richards and Mauricio Umansky ‘seperate’

Image
[ad_1] Stay ahead of the trend in fashion and beyond with our free weekly Lifestyle Edit newsletter Stay ahead of the trend in fashion and beyond with our free weekly Lifestyle Edit newsletter Real Housewives of Beverly Hills ’ Kyle Richards and Mauricio Umansky have reportedly separated after 27 years of marriage. Richards joined the popular Bravo reality series in 2010 with Umansky making regular appearances over the last 13 years. “Kyle and Mauricio have been separated for a while now but are still living under the same roof. They remain amicable as they figure out what’s next for them and their family,” a source confirmed to People on Monday (3 July). The separation will affect both Real Housewives , which is gearing up for its 13th season, and the Netflix reality series Buying Beverly Hills, which follows Umansky’s real estate business as two of their daughters work as agents. Richards has already filmed the second season of the Netflix show, according to Deadline . The I
Read more

Pfizer RSV vaccine for infants has 'generally favorable' safety data, FDA staff say

Image
[ad_1] Blood sample for respiratory syncytial virus (RSV) test Jarun011 | Istock | Getty Images U.S. Food and Drug Administration staff on Tuesday said Pfizer's vaccine that protects infants from respiratory syncytial virus has "generally favorable" safety data. The FDA staff made the conclusion in briefing documents ahead of a meeting on Thursday when a panel of external advisors to the agency will discuss whether to recommend full approval of the RSV shot . The advisors will vote on whether Pfizer's late-stage clinical trial data on the vaccine supports its safety and efficacy. The FDA typically follows the advice of its advisory committees, but is not required to do so. The agency is slated to make a decision on whether to clear the shot in August before RSV season in the fall. If approved, Pfizer's jab would become the world's first vaccine that protects infants against RSV.  RSV usually causes mild, cold-like symptoms. But infants and older ad
Read more

Casemiro has improved Man Utd: Maguire | The Express Tribune

Image
[ad_1] LONDON: Casemiro scored twice as Manchester United turned on the style to beat 10-man Reading 3-1 and reach the FA Cup fifth round on Saturday as Tottenham forward Son Heung-min ended his recent goal drought. On a day lacking major shocks, there were wins for Premier League strugglers Leeds, Leicester and Southampton but Fulham were held by Championship side Sunderland. United – fourth in the Premier League and within touching distance of a place in the League Cup final – produced more compelling evidence they are back on track under new manager Erik ten Hag . The home side took the lead at Old Trafford in the 54th minute when Anthony produced a defence-splitting pass to find Brazil teammate Casemiro, who lifted the ball over goalkeeper Joe Lumley. Four minutes later United were two up, when Casemiro let fly with a stunning strike from outside the box to find the bottom corner. With the home side brimming with confidence, substitute Fred produced an audacious flic
Read more