Rakesh Jhunjhunwala earns ₹590 crore from these two Tata stocks in one day

Rakesh Jhunjhunwala Portfolio: Following the Nifty 50 index record of the largest single-day points gain on Tuesday session since May 17, 2022, Big Bull earned Rakesh Jhunjhunwala 590 crore from its two Tata stocks – Titan Company and Tata Motors. Titan’s share price has risen today 118.25 on NSE as Tata Motors share price rose today 15.40 per share, which helped Rakesh Jhunjhunwala’s net worth soar around 590 crores.

Titan share price rise

Titan Company’s share price opened with an upward gap today and closed 2079.95 levels, 118.25 above the closing price of 1961.70 each levels on Monday.

Tata Motors share price rises

Tata Motors share price opened up today at 389 on NSE and closed at 398.10 levels, logging 15.40 per share rose Tuesday.

Rakesh Jhunjhunwala Share in Titan Company

According to Titan Company’s stock pattern for January to March 2022, Big Bull owns 3.53,10,395 Titan shares, while his wife Rekha Jhunjhunwala owns 95.40,575 Titan shares. So the Jhunjhunwala pair together have 4,48,50,970 Titan shares.

Rakesh Jhunjhunwala holds in Tata Motors

According to Rakesh Jhunjhunwala’s shareholder pattern for Q4FY22, Rakesh Jhunjhunwala owns 3.92.50,000 shares or 1.18 percent stake in Tata Motors.

Increase in Rakesh Jhunjhunwala’s net worth

As Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala own 4,48,50,970 Titan shares which rose sharply 118.25 today. Rakesh Jhunjhunwala’s net worth due to increase in Titan Company’s shares is around 530 crores ( 118.25 x 4.48,50,970).

Likewise, Rakesh Jhunjhunwala owns 3.92.50,000 Tata Motors shares that have surged 15.40 per share on Tuesday. So the net increase in Rakesh Jhunjhunwala’s net worth due to the increase in Tata Motors share price is about 60 million ( 15.40 x 3,92,50,000).

So the exact increase of Rakesh Jhunjhunwala’s net worth after increase of these two shares of Tata group is 590 ( 530 crore + 60 million euros).

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