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Rakesh Jhunjhunwala Raises Stake in Titan Company in Q3

By Malvika Gurung

Investing.com — 

Ace trader Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala amplified their stakes in the Indian luxury products company, Titan (NS:) Business, by .22% in the December-ending quarter.

At the close of September 2021, the Huge Bull held a 3.8% stake in Titan, or 3.37 crore fairness shares of the corporation, and by the end of Q3 FY22, he increased his stake in the firm to 4.02% or 3.57 crore shares. In addition, his spouse maintained her keeping in the enterprise at 1.07% or 95.4 lakh shares.

As a consequence, Jhunjhunwala’s cumulative shareholding in Titan Business at the conclusion of Dec 31, 2021, has risen to 5.09% from 4.87% previously.

Shares of the watches-to-jewelry maker were being investing .73% reduce at Rs 2,600 apiece at 9:50 am on Friday, and are amid the biggest shares in Rakesh Jhunjhunwala’s portfolio, valued at about Rs 11,850 crore.

The company’s enterprise benefits for the quarter-ending Dec came in powerful, amid a healthful desire progress, as the Tata Group’s model posted a 36% income progress across its customer organizations in the a few months.

Its jewellery business posted a 37% expansion YoY, although the watches and wearables section grew 28%, and the eyewear division innovative 27%.

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