The stock market’s bigbull Rakesh Jhunjhunwala’s favorite stock (Multibagger Penny Stock) has given him a strong setback. The stock of Titan Company, which is included in the portfolio of Big Bull Rakesh Jhunjhunwala of the stock market, is Big Bull’s favorite stock. This stock of Tata Group has given Jhunjhunwala a loss as soon as the market opened today. Bigbull and his wife Rekha Jhunjhunwala together hold 5.09 percent stake in this Tata group company.
Rakesh Jhunjhunwala lost Rs 400 crore within just 5 minutes this morning. Two big stocks of BigBull’s portfolio, Titan and Star Health (Gapdown) opened today, due to which they had to see big losses.
It is worth noting that today’s share price of Titan opened with a fall at a price of about Rs 26 per share and then went to the level of 2383.35. A fall of Rs 57.65 per share was recorded till 9:20 am. At the same time, the share price of Bigbull’s second stock, Star Health, opened with a fall of about Rs 5 per share and went up to Rs 638 at 9:20 am.
According to the shareholding of Titan Company, Rakesh Jhunjhunwala holds 3,57,10,395 shares of Titan, while his wife Rekha Jhunjhunwala holds 95,40,575 shares of the company. So, the Jhunjhunwala couple holds 4,52,50,970 or 5.09 percent stake in the company.
Accordingly, there has been a decrease of 140 crores in Jhunjhunwala’s total assets.
