Rekha Jhunjhunwala suffered a big loss in the stock market, ₹ 800 crores were lost due to the collapse of this share
Jhunjhunwala's Loss: According to the data till March 31, 2024, Mrs. Jhunjhunwala had about 5.35% stake in Titan. The total value of his holding in Titan shares at the close of market on Friday was Rs 16,792 crore. Titan shares fell 7% on Monday. Due to this, he suffered a loss of about Rs 796 crore.
During Monday's trading session, Rekha Jhunjhunwala, the late Rakesh Jhunjhunwala's wife and a seasoned stock market investor, lost Rs 800 crore. The Tata Group-owned company Titan's share price collapsed, causing them to suffer this loss. The Jhunjhunwala family has invested a significant sum of money in this Tata Group share.
According to the data till March 31, 2024, the Jhunjhunwala family had about a 5.35% stake in Titan. The total value of his holding in Titan shares at the close of market on Friday was Rs 16,792 crore. Titan shares fell 7% on Monday. After the March quarter results, investors showed disappointment in buying Titan shares. The Jhunjhunwala family suffered huge losses due to this decline. He suffered a loss of about Rs 800 crore due to the weakening of Tataine's shares.
After plunging as low as Rs 3,352.25 intraday on Monday, Titan's shares closed at Rs 3281.65. The company's net worth dropped from Rs 3 lakh crore to Rs 2,91,340.35 crore as a result. The Jhunjhunwala family's shareholding dropped to Rs 15,986 crore as a result of this decline in Titan shares. Thus, the Jhunjhunwala family has lost approximately Rs 800 crore.
