The post-budget surge has seen Rekha Jhunjhunwala’s portfolio stock jump from ₹3,368.40 to ₹3,642.55 per share on the NSE. Following Finance Minister Nirmala Sitharaman’s announcement to lower the tax from 25% to 20%, Titan’s share price surged from ₹3,368.40 to ₹3,642.55 per share on the NSE in the recent two sessions amid the flurry around the jewelry stocks.
This Tata group stock continued the post-budget rally, opening higher in Monday’s early morning trading and reaching an intraday high of ₹3,642.55 per share on the NSE, marking the post-budget gain of ₹274.15 per share. Due to the surge in this Rekha Jhunjhunwala portfolio stock, her net worth increased by around ₹261 crore. The October to December 2024 quarter shareholding structure of Titan Company Ltd. indicates that Rekha Jhunjhunwala holds a 1.08 percent position in this LIC-owned firm. ALIC owns a 2.17 percent investment in Titan Company
Rise in Rekha Jhunjhunwala’s Net Worth:
Titan’s share price history indicates that this Rekha Jhunjhunwala portfolio stock closed Friday at ₹3,368.40 per share on the NSE. At ₹3,552 per share, the Tata Group shares closed Saturday’s special budget session. Titan’s share price opened Monday with an upside gap at ₹3,565 per share, continuing its post-budget surge for the second consecutive day. Rekha Jhunjhunwala’s portfolio stock reached an intraday high of ₹3,642.55 per share following the gap-up opening. Thus, Titan’s share price increased by ₹274.15 (₹3,642.55 – ₹3,368.40 = ₹274.15) in two consecutive sessions.
As previously stated, Rekha Jhunjhunwala owns 95,40,575 Titan shares or 1.08 percent of the total. Following the post-budget rally, Rekha Jhunjhunwala’s net worth increased to ₹2,61,55,48,636.25 (₹274.15 x 2,61,55,48,636.25), or ₹261 crore, as the Titan share price surged by ₹274.15.
The ownership pattern of Titan Company Ltd. for the October–December 2024 quarter indicates that LIC holds 1,92,86,590 Titan shares or 2.17 percent of the entire paid-up capital of this firm in the Rekha Jhunjhunwala portfolio.
