Another Tata group firm, Tata Motors was also seen pulling Rakesh Jhunjhunwala’s wealth lower this week. Even big bull Rakesh Jhunjhunwala was not immune to losses on Dalal Street this week as benchmark indices fell nearly 2% each. The billionaire investor lost Rs 506 crore in just three stocks, including his favourite Titan Company Limited.
Rakesh Jhunjhunwala
The ace investor said that the Union Budget of 1989, stock market bottom in 2001, and 2020 March sell-off were the three biggest opportunities for markets that he has seen. Ace investor Rakesh Jhunjhunwala continues to be optimistic about India’s growth story and sees the current medical situation as a “blip”. “This is a small
Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala offloaded 2.5 lakh shares of Tata Communications in the fourth quarter of the previous fiscal. Rakesh Jhunjhunwala cut his stake in three firms including Titan Company, VIP Industries and Tata Communications in the January-March quarter of 2021. While the ace investor raised his stake in Fortis Healthcare and Multi Commodity
The value of his total holding in the company stands at Rs 370.13 crore as of today with the stock price gaining 0.58% to trade at Rs 1,480 per share. Big bull Rakesh Jhunjhunwala has increased his stake in Multi Commodity Exchange during the January-March quarter. Data available on the stock exchanges show that Rakesh
Rakesh Jhunjhunwala has sold Titan Company shares worth Rs 344 crore during January-March 2021 Rakesh Jhunjhunwala has reduced stake in jewellery and watchmaker Titan Company during January-March 2021. Ace investor Rakesh Radhyshyam Jhunjhunwala has sold 22.50 lakh shares in the fourth quarter of the previous fiscal. Jhunjhunwala has slashed his stake to 3.52 crore shares