‘Big Bull’ Rakesh Jhunjhunwala lost Rs 753 crore in this stock, the stock fell 7% in a week

Rakesh Jhunjhunwala Portfolio: Amid the fall in the stock market on Friday, retail investors have suffered huge losses as their stock portfolio has been badly hit this ‘Black Friday’. However, in this free fall of the stock market in India, even the veteran investors suffered losses.

Shares of Titan Company, the favorite of ‘big bull’ Rakesh Jhunjhunwala, fell nearly 4.37 per cent on Friday, while it fell over 7 per cent this week. Due to this fall in the share price of Titan Company, the net worth of Rakesh Jhunjhunwala has declined by about Rs 753 crore in this week.

According to the share price history of Titan Company, Rakesh Jhunjhunwala’s share price fell from around ₹2374 to ₹2293 per share level, almost ₹105 intraday loss or 4.40 percent drop due to the stock market downturn. In 2015, Titan Company’s shares slipped from ₹2467 to ₹2293, recording a slide of ₹174 per share or a loss of nearly 7 percent in the period.

Rakesh Jhunjhunwala’s holding in Titan Company

As per the Titan Company’s shareholding pattern for the July to September 2021 quarter, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold a stake in the Tata group company. Rakesh Jhunjhunwala holds 3,37,60,395 shares of Titan Company, which is 3.80 percent of the total paid-up capital of the company. Rekha Jhunjhunwala holds 95,40,575 shares or 1.07 percent shares in the company. In this way Rakesh Jhunjhunwala and Rekha Jhunjhunwala hold 4,33,00,970 shares of the company or 4.87 percent stake in the company.

Decline in net worth of Rakesh Jhunjhunwala

The share price of Titan Company recorded a fall of ₹ 174 this week. Due to this slide in the shares of Titan Company, Rakesh Jhunjhunwala’s net loss has been around ₹ 753 crore (₹174 x 43300970).

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