Rakesh Jhunjhunwala holds 3,92,50,000 Tata Motors shares or a 1.18 percent stake in the company. Two Rakesh Jhunjhunwala portfolio stocks that pumped Big Bull's net worth by near ₹186 crores within 10 minutes of market opening are Titan Company and Tata Motors.
In this positive opening of the Indian stock market, ace investor Rakesh Jhunjhunwala's net worth shot up ₹186 crores within 10 minutes of market opening after the rise in his two portfolio stocks. Titan share price on Monday had closed at ₹2398 on NSE whereas it opened with an upside gap of ₹23.95 per share at 9:15 AM today and went on to ascend up to ₹2435 per share levels at 9:25 AM, logging near ₹37 per share rise from its previous close within 10 minutes of stock market opening bell today.
Rakesh Jhunjhunwala portfolio: After bleeding heavily for two successive sessions, Sens and Nifty finally managed to open in the green zone today. In this positive opening of the Indian stock market, ace investor Rakesh Jhunjhunwala's net worth shot up ₹186 crores within 10 minutes of market opening after the rise in his two portfolio stocks. These two Rakesh Jhunjhunwala portfolio stocks are Titan Company and Tata Motors.
Titan share price on Monday had closed at ₹2398 on NSE whereas it opened with an upside gap of ₹23.95 per share at 9:15 AM today and went on to ascend up to ₹2435 per share levels at 9:25 AM, logging near ₹37 per share rise from its previous close within 10 minutes of stock market opening bell today.
Similarly, another Rakesh Jhunjhunwala holding company's stock Tata Motors shares opened upside in the opening bell today. Tata Motors share price today opened with an upside gap of ₹4.70 per share at ₹476.15 and went on to ascend up to ₹476.25 by 9:25 AM today, logging around ₹4.80 per share as the auto stock had closed at ₹471.45 per share on Monday on NSE.
Rakesh Jhunjhunwala shareholding in these Tata stocks:
According to the shareholding pattern of Titan Company for the October to December 2021 quarter, Rakesh Jhunjhunwala and his Rekha Jhunjhunwala have invested in the company. Rakesh Jhunjhunwala holds 3,57,10,395 shares or a 4.02 percent stake whereas Rekha Jhunjhunwala holds 95,40,575 shares or a 1.07 percent stake in the company. This means, Rakesh Jhunjhunwala and Rekha Jhunjhunwala together hold 4,52,50,970 shares or a 5.09 percent stake in the company.
Likewise, the shareholding pattern of Tata Motors for Q3FY22 informs that Rakesh Jhunjhunwala holds 3,92,50,000 Tata Motors shares or a 1.18 percent stake in the company.
The rise in Rakesh Jhunjhunwala's net worth:
As Titan Company's share price shot up ₹37 per share within 10 minutes of market opening today, the rise in Rakesh Jhunjhunwala's net worth after this rise is around ₹167 crore ( ₹37 x 4,52,50,970). Similarly, Tata Motors' share price shot up ₹4.80 per share today within 10 minutes of market opening, rise in Rakesh Jhunjhunwala's net worth with this rise is around ₹19 crore. So, the net rise in Rakesh Jhunjhunwala's net worth after the rise in these two Tata group stocks within 10 minutes of the market opening is ₹186 crore ( ₹167 crores + ₹19 crores).
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mine.
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