Rakesh Jhunjhunwala, wife Rekha have earned Rs 915 crore with Titan Company stock in view that March this year

Ace investor Rakesh Jhunjhunwala and his spouse made a handsome profit from investment in Titan Company shares in March. The Jhunjhunwala couple has earned Rs 914.Ninety-one crore from their investment in the Titan Company stock considering the March quarter. Currently, they maintain over Rs 8,040 crore in this jewelry maker inventory. At the top of the March area, the couple had Rs 7 hundred twenty-five crore funding inside the list.

Rakesh Jhunjhunwala, who held five. Seventy-two % stake or 5.07 crore shares within the company on the cease of March quarter is sitting on a profit of Rs 743.86 crore. The Titan Company stock charge stood at Rs 1,141.05 on March 29, 2019. It hit an all-time high of Rs 1,287.55 in change today.

His wife, Rekha Jhunjhunwala, who owned 1.32% or 1.16 crore shares of Titan Company at some point in the duration under consideration, has earned Rs 171.05 crore in taking advantage of her funding within the patron durables firm.

Rakesh Jhunjhunwala first sold six crore shares of Titan in 2002-2003 at Rs three, keeping with media reviews. Since then, he has been shopping for and promoting Titan stocks in his portfolio. Jhunjhunwala, also known as India’s Warren Buffett, pared his stake from 5. Seventy-eight or five. Thirteen crore stocks at the end of December sector in 2018 to five.72% inside the final zone.

Rakesh Jhunjhunwala, wife Rekha have earned Rs 915 crore with Titan Company stock in view that March this year 1

This stock was valued at just Rs 4 in 2009 and is now worth over Rs 650!

However, his wife’s stake noticed a growth in shareholding at some point in the identical period. Rekha Jhunjhunwala’s stake in the company rose from 1.30% or 1.15 crore stocks at the quit of December region to at least one.32% stake within the March quarter.

The couple’s wealth may be due to the Titan Company inventory touching a new high. From Rs 1141.05 on March 29 this year, the stock rose 12.Eighty-three to its all-time high of Rs 1287. Fifty-five in a change nowadays.

Rakesh Jhunjhunwala grew from Rs 1 lakh to Rs 7. Five lakh in four years with this inventory!

The inventory also acquired good cues from the fashion in profits for Q4 and the last economic.
Titan Company pronounced a 14.4% rise in its consolidated net profit for the sector ended March 31.

The company posted consolidated internet earnings of Rs 348. Three crores in comparison to Rs 304 in the identical area in the last 12 months. Total sales rose 19.87% at Rs 4,945 crore compared to Rs 4,125 crore on a year in the past foundation.

Duane Simpson

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