Share market Gulzar, Rakesh Jhunjhunwala earned 584 crores from these two shares today
RAKESH JHUNJHUNWALA / Share market Gulzar, Rakesh Jhunjhunwala earned 584 crores from these two shares today
RAKESH JHUNJHUNWALA - Share market Gulzar, Rakesh Jhunjhunwala earned 584 crores from these two shares today
Share Market Rakesh Jhunjhunwala: The stock market, which closed with a heavy fall on the first trading day of the week, recovered on Tuesday. The Sensex, which opened up 335 points on Tuesday morning, traded with green marks throughout the day. At the end of the trading session, it closed at 58,142.05 with a gain of 1736.21 points.Two shares did wondersSimilarly, Nifty also climbed 509.65 points to reach the level of 17,352.45. Along with the recovery in the market, Tuesday was auspicious for common investors as well as Big Bull Rakesh Jhunjhunwala. Two shares of the Tata Group, Titan and Tata Motors, made him rich.Titan shares rose Rs 102Both the shares of Tata Group had a rally since Tuesday morning. The stock of Titan closed at Rs 2398 on NSE on Monday evening. The stock closed at Rs 2,499.60 on Tuesday. In this way, the stock gained 4.24 percent i.e. Rs 101.60.4.02 percent stake in Titan
Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala hold 4.02 per cent stake in Titan Company as per the shareholding pattern for the December quarter. Both have a total of 4,52,50,970 shares of this company. In this way, he earned about 460 crores (4,52,50,970x101.60) from Titan's stock on Tuesday.Tata Motors shares rose by Rs 31Similarly, the share of Tata Motors closed at Rs 471.45 on Monday evening. On Tuesday, this stock climbed to Rs 503. The stock gained Rs 31.55 in a single day. According to Tata's third quarter (Tata Motors Q3 Results) data, Rakesh Jhunjhunwala held 1.18 percent stake in the company i.e. 3,92,50,000 shares.There was an increase of 584 crores like thisHe earned Rs 124 crore (3,92,50,000X31.55) due to the jump in the company's stock on Tuesday. Talking about the earnings from these two shares in one day, they have earned a total of Rs 584 crore. Rakesh Jhunjhunwala's net worth has increased by 584 crores due to the jump in the shares of both the companies.