Rekha Jhunjhunwala raises stake in this Tata group firm that has multiplied investors money by 2.5x in 3 years

Ace investor Rekha Rakesh Jhunjhunwala has picked additional shares in this Tata Group company during the March 2023 quarter.

Rekha Jhunjhunwala held 4,69,45,970 equity shares or a 5.29 per cent stake in Titan Company, according to the March 2023 shareholding pattern of the company available on the BSE.

She had 4,58,95,970 shares or 5.17 per cent stake in Tata Group company as of December 2022 quarter.

This means, the celebrity investor has bought an extra 10,50,000 equity shares or 0.12 per cent stake in jewellery and watches company during the previous quarter as per latest shareholding pattern.

According to SEBI norms, all the listed companies have an obligation to disclose the names of their key shareholders owning a per cent or more on a quarterly basis.

Rekha Jhunjhunwala is the wife of the late Rakesh Jhunjhunwala, who was called the Big Bull of Dalal Street. Rakesh died last year in August at Mumbai’s Breach Candy Hospital due to a cardiac ailment.

Earlier in March 2023, billionaire stock market investor Rakesh Jhunjhunwala was given the Padma Shri posthumously. It was accepted by the family members of the market veteran.

The renowned investor Rekha Jhunjhunwala, who inherited most of her husband's portfolio stocks and wealth after his death, publicly holds 29 stocks with a net worth of over Rs 34,100.6 crore as of April 14, 2023, according to the stock analysis website trendlyne.com.

Rekha Rakesh Jhunjhunwala and family topped the list of the top 16 new Indian billionaires in 2023's Hurun Global Rich List.

Titan Company has been one favourite stock among the Jhunjhunwala couple’s portfolio with a net worth investment of Rs 12,138.6 crore in the stock.

The counter has grown 2.5 times in the last three years – from Rs 975 apiece in April 2020 to Rs 2,580 per share on Thursday, April 13 closing.

In the last one year, Titan shares have been largely flat with the meager rise of 3.5 per cent, while it dipped by around 1.5 per cent in the last six months.