New Delhi. After falling for two days, the stock market has started with an increase. Tuesday is proving to be very auspicious for veteran investor Rakesh Jhunjhunwala. Within ten minutes of the opening of the market, his net worth increased by Rs 186 crore from the shares of only two companies.
This big increase in the earnings of Rakesh Jhunjhunwala was due to the jump in the shares of Titan and Tata Motors. On Monday, Titan Share Price closed at Rs 2398 on NSE. On Tuesday, Titan’s stock opened higher and within ten minutes it reached Rs 2435. In this way, there was a jump of 37 rupees in this stock.
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Similarly, shares of Tata Motors included in Rakesh Jhunjhunwala’s portfolio also opened with gains today. The share of Tata Motors opened today at Rs 476.15 with a gain of Rs 4.70 (Tata Motors Share Price) and it also reached 476.25 within ten minutes. The stock closed at Rs 471.45 on NSE yesterday. In this way, it gained Rs 4.80.
Rakesh Jhunjhunwala’s stake
According to the shareholding pattern of the December quarter, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have a stake in Titan (Rakesh Jhunjhunwala Share holding In Titan). Rakesh has 3,57,10,395 shares or 4.02 percent stake in Titan. On the other hand, Rekha Jhunjhunwala has 95,40,575 shares or 1.07 percent stake. In this way, Rakesh and Rekha Jhunjhunwala together have 4,52,50,970 shares of Titan Company.
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Such is the math of earning
Similarly, Rakesh Jhunjhunwala has 3,92,50,000 shares or 1.18 percent stake, according to Tata Motors’ third quarter (Tata Motors Q3 Results) data. Rakesh Jhunjhunwala’s net worth also increased by about Rs 167 crore ( ₹ 37 x 4,52,50,970) as soon as the shares of Titan Company jumped by Rs 37 today i.e. on Tuesday. Similarly, increasing the share rate of Tata Motors by Rs 4.80 also added Rs 19 crore to Rakesh Jhunjhunwala’s net worth. In this way, Rakesh Jhunjhunwala’s net worth increased by 186 crores due to the jump in the shares of these two companies.
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Tags: Rakesh Jhunjhunwala, stock market, Tata Motors
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