The share price of the Titan Company was traded in Red on July 15 after the Ace Investor Rakesh Jhunjhunwala peeled its shares in the Tata Group Company in the June 2021 quarter, the third consecutive quarter so she cut her hold.
Jhunjhunwala cut reduced shares in Titan, one of the most famous stocks in his portfolio, by 0.25 percent in the June 2021 quarter.
He and his wife together held 5.5 percent of the shares in the jewelry-to-glasses maker in September 2020, which they reduced to 5.3 percent in December 2020, and then cut it to 5.1 percent in March 2021. Now, after The quarter, their shares in the company stood 4.8 percent, according to BSE data.
In accordance with the shareholding pattern of June 2021, Jhunjhunwala itself reduced its shares in Titan to 3.72 percent from 3.97 percent in March 2021 but his wife’s stake remained unchanged at 1.09 percent.
In June 2021, total ownership of their share in the company was worth 7,294.8 crore, the highest among shares known in their portfolio.
Stock traded at Rs 1,701.25, down Rs 9.85, or 0.58 percent at 0933 hours. It has touched the highest intraday of Rs 1,708.90 and Low Intraday Rs 1,693.65.
