Rakesh Jhunjhunwala earns ₹1125 crore from these two Tata stocks in one day

Market


Rakesh Jhunjhunwala portfolio: Tata group stocks — Titan Company and Tata Motors had a historic trade session on Thursday. Titan share price yesterday climbed new peak of 2,384.25 apiece and finally ended 226.35 higher from its Wednesday close of 2147.65 per share. Tata Motors share price yesterday hit new 52-week high of 383 and finally ended 42.45 higher from its Wednesday close. After such a robust rise in these two Tata group stocks, Rakesh Jhunjhunwala net worth shot up by near 1125 crore on these two stock in single day as he has shareholding in these two stocks.

Rakesh Jhunjhunwala holdings in Titan, Tata Motors

According to the shareholding pattern of Titan Company for April to June 2021 quarter, Big Bull and his wife Rekha Jhunjhunwala have investments in this company. Rakesh Jhunjhunwala holds 3,30,10,395 Titan shares while his wife Rekha Jhunjhunwala holds 96,40,575 titan Company shares in her portfolio. Likewise, Tata Motors shareholding pattern for Q1FY22 says that Rakesh Jhunjhunwala holds 3,77,50,000 shares of the company.

How Big Bull earned 1125 crore in a day

As Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala together holding 4,26,50,970 (3,30,10,395 + 96,40,575) Titan Company shares and Titan share price surged 226.35 apiece. Rakesh Jhunjhunwala’s net worth in Titan Company grew by around 965 crore ( 226.35 x 4,26,50,970) in yesterday’s rally.

Similarly, Rakesh Jhunjhunwala holds 3,77,50,000 shares of Tata Motors and auto company’s stock price shot up 42.45 per share yesterday. That means, Rakesh Jhunjhunwala’s net worth grew by 160 crore ( 42.45 x 3,77,50,000) in Tata Motors shares yesterday.

Therefore, Rakesh Jhunjhunwala’s net worth on these two Tata stocks went up 1125 crore ( 965 crore + 160 crore) or in other words Rakesh Jhunjhunwala earned 1125 crore from these two Tata group stocks on yesterday.

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