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Rekha Jhunjhunwala has benefited greatly from the rise in shares of Tata Group company Titan. Rekha Jhunjhunwala’s wealth increased by Rs 1380 crore in just one month due to increase in Titan shares. Jhunjhunwala has made a big bet on Titan shares. Shares of Titan on Thursday traded at Rs. It touched a new 52-week high of 3299.70. State-owned insurer LIC has also benefited handsomely from the rise in Titan’s shares.
In this way, a profit of 1380 crore rupees was made in one month
A month ago on 14 August 2023 Bombay Stock Exchange (BSE) Titan shares at Rs. was at 3009.75. The company’s shares have reached Rs 3299.70 on 14 September 2023. That is, in a month, Titan’s shares rose by Rs. 290 has increased. According to data till June 2023 quarter, Rekha Jhunjhunwala holds 4,75,95,970 shares of Titan or 5.36% stake in the company. In a month, Titan’s shares rose to Rs. 290 due to the increase Rekha Jhunjhunwala made a total of Rs. 1380 crore profit has been made. That means his wealth has increased by 1380 crore rupees in one month.
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LIC also gets a profit of Rs 450 crores in a month
State-run life insurance company Life Insurance Corporation of India (LIC) has also benefited a lot from the rise in shares of Tata Group company Titan. As per data till June 2023 quarter, LIC holds 1,56,86,771 shares of Titan or 1.77% stake in the company. In a month, Titan’s shares rose by Rs. 290 has increased. Accordingly LIC’s net worth is Rs. 454 crore has increased. LIC shares have gained nearly 40% in the last 6 months.
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Disclaimer: Information about stock performance is provided here only, not investment advice. Investment in stock market is subject to risk and please consult your advisor before investing.