The price of this share of Rakesh Jhunjhanwala increased by 12 percent in a month, the growth will continue even further


Multibagger Stock Tips: Indian stock market observers and retail investors were quite surprised when Rakesh Jhunjhunwala, known as the ‘Warren Buffett of India’, cut his favorite Tata group stock Titan Company. . As per the shareholding pattern of Titan Company for the April to June 2021 quarter, Rakesh Jhunjhunwala reduced his stake in the luxury product company by around 0.30 per cent.

However, market investors seem unimpressed by Rakesh Jhunjhunwala’s decision, as the share price of Titan Company has risen 12 per cent in the past one month and market experts are still expecting a ‘bull run’ in the stock as the stock has taken a hit. The latest breakout is given on the technical chart.

According to stock market analysts “Titan Company has delivered better than expected results for Q1FY22. After the easing of COVID-19 restrictions from June 2021, the company is witnessing a strong recovery in the demand for jewelery and non-jewellery segment. Rakesh Jhunjhunwala The company has maintained gross profit margin on both YoY and QoQ basis.

Experts say that mandatory jewelery hallmarking and local initiatives will enable the company to gain market share. The ratio of new customers to the overall business has reached pre-pandemic levels, indicating strong growth prospects.

Experts say that Titan’s position will remain optimistic given the strong parentage, brand, market position and strength of the balance sheet.

3.72 percent stake in Jhunjhunwala’s company

  • According to the shareholding pattern of Titan Company, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold around four per cent stake in the company in the first quarter of FY 2021-22.
  • Rakesh Jhunjhunwala currently holds 72 per cent stake in the company.
  • His wife Rekha Jhunjhunwala holds 09 per cent stake in Titan. Rekha Jhunjhunwala holds 96,40,575 shares of the company.

Disclaimer: (The information provided here is for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. Anyone from ABPLive.com Also investing money is never advised here.)

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