Rakesh Jhunjhunwala lost INR 318 million in this 10-minute Tata share

Rakesh Jhunjhunwala Portfolio: Due to weak global signals, the Indian stock market fell in the early morning trades. Nifty today is about 200 points lower, while BSE Sensex has lost more than 800 points today. In this bear-hit stock market, the ace Rakesh Jhunjhunwala lost around 318 crore within 10 minutes after market opening in Titan Company shares. Titan Company stock price opened today at 2,336 levels and continued diving at 2,283.65 pr. stock levels at 9:25 – only 10 minutes after the opening clock today.

Rakesh Jhunjhunwala shares in Titan Company

The Titan Company stock closed at 2,357.25 per share levels yesterday on the NSE and today it fell at 2,283.65 after 10 minutes of market opening, losing 73.60 pr. share during this period. According to the Titan Company’s shareholding pattern for the quarter of July to September 2021, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala own a stake in this Tata company. Rakesh Jhunjhunwala holds 3,37.60,395 Titan Company shares, which is 3.80 percent of the company’s total issued paid-up capital. Similarly, Rekha Jhunjhunwala owns 95.40,575 company shares or 1.07 percent of the shares in the company. So Rakesh jhunjhunwala and his wife Rekha Jhunjhunwala together own 4,33,00,970 Titan Company shares.

Buk to Rakesh Jhunjhunwala’s net worth

Da Jhunjhunwalas holds Titan Company shares and the stock lost 73.60 pr. share within 10 minutes of the market opening, dents for Rakesh Jhunjhunwala’s net worth due to a fall in this Tata share come around 318 crore ( 73.6 x 4.33.00,970).

Titan Company stock price prediction

However, market experts see dives as a good buying opportunity for positional retail investors.

Advice on buying on dips strategy top position investors; Sumeet Bagadia, CEO of Choice Broking said, “Titan Company shares have strong support for 2200 levels. One should buy this stock at current level and keep it for the immediate short term goal 2350 to 2400 maintain stop loss at 2200 levels. “Bagadia advised investors to accumulate further if the stock dives around 2230-2240 levels.

Disclaimer: The above views and recommendations are from individual analysts or brokerage firms and not from Mint.

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