Stock Market News Update: Jhunjhunwala Earned Rs 495 crore in One Day From This Stock of Jewelery Segment Group, Let's Know about This Stock
Yuva Patrkaar, New Delhi : Today, with the help of this article, we are going to tell you about one such stock of the jewelery segment group. In which a huge increase has been registered on Friday. Friends, let us tell you that veteran investor Rakesh Jhunjhunwala has made a big investment on this stock. And this share Jhunjhunwala family has also got a lot of profit. And let us tell you that Rakesh Jhunjhunwala still holds 5.29% of the shares of this jewelery segment group.
So Guy's, if you are also interested to know about it. Then you should read this post till the end, because today we are going to tell you about it in detail with the help of this article. So friends, let us quickly know about it in detail –
What is the name of this share
Guy's, today we are going to tell about the stock. Its name is Titan Company Ltd. Its current price is ₹ 3,052.00. Also, friends, this stock was trending at ₹ 3,211.30 just a few days ago i.e. on July 7 with a gain of 3%, which means this stock was trending at its 52 week high level. And let us tell you that this year so far this stock has gained 18.95%.
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Veteran investor Jhunjhunwala's investment
Veteran investor Rakesh Jhunjhunwala has invested crores in this company. Because of which the Jhunjhunwala family has earned more profit than coffee. Actually, Guy's, the stock of this company had gained ₹ 105.40 on Friday, due to which Rekha Jhunjhunwala's investment increased to Rs 495 crore in a single day. Please tell that Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala has a total of 46945970 shares of Titan Company. And it is 5.29% of the total capital of the company.
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Know about Titan
Now you must be aware that there was a rise of Rs 105.40 in this stock on Friday, due to which Rekha Jhunjhunwala earned ₹ 495 crores in a single day. Now let us tell you that the reason for the rise in this stock is that the company has recorded 20% revenue growth in the first quarter of the financial year 2023-2024.
About the company
Titan's jewelery segment registered a growth of 21 per cent in the June 2023 quarter, while the agriculture segment saw a year-on-year growth of 13 per cent. The company has registered a year-on-year growth of 10% in sales. And the fragrance and fashion accessories segment registered a growth of 11% YoY. Friends, this company has grown by more than 40% in a year.
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