Ace investor Rakesh Jhunjhunwala reduced his stake to 3.52 crore shares or 3.97 per cent, at the end of March quarter Titan Company share price fell over 5 per cent to Rs 1,416.60 apiece in intraday deals on BSE on Monday. Rakesh Jhunjhunwala’s favorite Titan stock price traded in the red for the third consecutive
Titan company
Technical analysts say that the Nifty index has given a breakout of its upper band of Falling Wedge formation, which signifies a bull run in the counter. Nifty futures were trading 37 points or 0.25 per cent higher at 14,882 on Singaporean Exchange on Thursday, suggesting a positive start for BSE Sensex and Nifty 50.
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’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
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