Rakesh Jhunjhunwala Portfolio: Despite the growing turmoil in the domestic stock market, top investor Rakesh Jhunjhunwala has a number of specific beliefs that are an important reason for the top investor to continue investing in these stocks. Titan Company shares are one such share, which has doubled shareholder money since 2009. So, those retail investors and market observers who want to know why this Tata stock is one of the favorite stock of Rakesh Jhunjhunwala, this may be an interesting fact for them.
History of Titan’s Stock Prices
This share in the Rakesh Jhunjhunwala portfolio has been delivering great returns for its shareholders since 2009. In April 2009, Titan’s share price was around 40 rupees each, rising to 300 rupees in April 2013. moved on to Rs 600 per share, rising further north to around Rs 1460 per share in April 2021. Hence, this share of Tata group in the portfolio of Rakesh Jhunjhunwala are shareholders after every four years since 2009.
Rakesh Jhunjhunwala holds in Titan Company
Titan Company, where Rakesh and Rekha Jhunjhunwala owned 5.1 percent as of December 31. The Jhunjhunwala duo’s stake in this stock is valued at Rs 11,106.90 crore. As per the stock pattern of the Titan company, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have a stake in this Tata group company for the recently closed quarter of March 2022. Rakesh Jhunjhunwala owns 3,53,10,395 Titan shares or 3.98 percent of the company while Rekha Jhunjhunwala owns 95.40,575 Titan Company shares or 1.07 percent stake in the company.
The top investor added an additional 0.4 percent stake in Indiabulls Housing Finance, Canara Bank, while his wife took an additional 0.5 percent stake in Jubilant Pharmova in the March quarter.
Rakesh Jhunjhunwala has stayed in Crisil, Delta Corp, Indian Hotels and Titan Company while reducing his stakes in Aptech and Escorts, among others, according to trendlyne.com.
What do brokers say after the fourth quarter profit?
Foreign brokerage Morgan Stanley, commenting on the Q4 results of Tata Group shares, expects the company to make good progress and report a positive Q1 FY23 as management appears optimistic about its network expansions. The company has an overweight call on the stock and a target price set at Rs 2,700, up 10 percent.
Brokerage Edelweiss Securities sees the underlying structural growth of the company unchanged despite fourth quarter sales. It added that Titan has managed to outperform other major jewelers given the confidence the Tata brand name evokes.
Founded in the year 1984, Titan Company Ltd. is a large capital company (with a market capitalization of Rs 218706.12 crore) operating in the gemstone and jewelery sector.
Disclaimer: The expert opinions and investment tips contained in this News18.com report are their own and not those of the website or its management. Users are advised to contact certified experts before making any investment decisions.
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