Rakesh Jhunjhunwala increased his stake in Titan, but what is the reason? Learn

New Delhi. Rakesh Jhunjhunwala Portfolio: Rakesh Jhunjhunwala, the big bull of the stock market, has increased his stake in Titan Company further. Titan is already the largest stock in his portfolio. If we look at the data for the quarter ended December 2021, it is known that Rakesh Jhunjhunwala has increased his stake in Titan Company to 4.02%.

According to the latest data, Rakesh Jhunjhunwala has increased his stake in this Tata Group company from 3.80% (3,37,60,395 shares) to 4.02% (3,57,10,395 shares). Whereas his wife Rekha Jhunjhunwala has not made any changes regarding Titan in her portfolio. Let us tell you that in the quarter of September 2021, Rakesh Jhunjhunwala had 3.80% shares of Titan Company.

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good results potential

Market analysts say that Titan has established itself as an influential industry. This company is performing consistently. The company’s hold on the jewelery market is very strong and it will see a boom in the coming times as well.

Emkay Global expects the company to register 30 per cent growth in revenue of Rs 9,500 crore in the December 2021 quarter results. Barring Rs 340 crore in bullion sales during the quarter, the growth is likely to be 37 per cent. The company will declare its results around February 8.

Till the writing of the news on Friday (14 January 2021) (11:59 AM), Titan’s stock price was Rs 2602. Earlier on January 7, this stock had made its lifetime high of Rs 2687.25.

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