Both Titan Corporation and Tata Motors are stocks in Rekha Jhunjhunwala’s portfolio. In the early morning trades on Monday, bulls bought a lot of Titan Corporation and Tata Motors. Within 15 minutes of the opening bell today, Titan’s share price reached ₹2,598.70 per share, a ₹50.25 per share increased from its previous closing price of ₹2,548.45 per share on the NSE. Similarly, Tata Motors’ share price today started higher and went on to touch ₹470.40 apiece in 15 minutes of the stock market opening bell today, up from ₹32.75 apiece before. Yet, while rising in the stock market’s opening bell today, these two Tata Group equities enabled Rekha Jhunjhunwala’s net worth to increase by about ₹400 crore in only 15 minutes.
Titan shares have increased Rekha Jhunjhunwala’s net worth.
As previously stated, Titan’s share price rose to ₹50.25 per share within 15 minutes of the stock market opening today. According to Titan Company’s ownership statistics for the October to December 2022 quarter, Rekha Jhunjhunwala owns 4,58,95,970 Titan shares, or 5.17 percent of the company’s total paid-up capital. Hence, the entire increase in Rekha Jhunjhunwala’s net worth as a result of the Titan share price gain in the first 15 minutes of the Monday session is around ₹230 crore (₹50.25 x 4,58,95,970).
The value of Tata Motors’s shares has increased Rekha Jhunjhunwala’s net worth.
Tata Motors’ share price rose by ₹32.75 in the first 15 minutes of the stock market’s opening bell today. According to Tata Motors Ltd.’s ownership pattern for Q3FY23, Rekha Jhunjhunwala owns 5,225,600 Tata Motors shares, or 1.57 percent of the firm. Hence, the total increase in Rekha Jhunjhunwala’s net worth is around ₹170 crore (₹32.75 x 5,22,56,000).
Rekha Jhunjhunwala’s net worth has increased.
As Rekha Jhunjhunwala’s net worth in rupee terms increased by ₹230 crore following the increase in Titan Company share price and by ₹170 crore following the increase in Tata Motors share price, the total increase in Rekha Jhunjhunwala’s net worth following the rise in these two Tata Group stocks in the first 15 minutes of stock market opening is around ₹400 crore (₹230 crore + ₹170 crore).
Titan and Tata Motors Business Update for Q4 FY23
Titan Company Limited reported a 25% YoY increase in stand-alone business in its Q4 FY23 business update. The firm’s expansion in the non-jewellery area is projected to offer an additional growth lever for the company, and the market lauded these business figures when the market reopened today after a long weekend.
Tata Motors, another Tata Group firm, published a solid Q4 FY23 business update. In Q4 FY23, the automaker recorded an 8% growth in group worldwide wholesales. According to the Tata Group company’s exchange report, worldwide wholesales for Tata Motors, which includes Jaguar Land Rover (JLR), were 3,61,361 in Q4 FY23, up 8% from Q4 FY22. Tata Motors went on to say that Jaguar Land Rover’s worldwide wholesales totaled 1,07,386 cars. Jaguar wholesales totaled 15,499 automobiles during the quarter, while Land Rover wholesales totaled 91,887 vehicles.
Both Tata Group entities have yet to disclose their Q4 FY23 shareholding patterns.