Rakesh Jhunjhunwala could make unexpected profit from Tata Group company Titan's new announcement
By Lokmat English Desk | Published: May 5, 2022 05:58 PM2022-05-05T17:58:13+5:302022-05-05T17:58:13+5:30
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Stock investor Rakesh Jhunjhunwala has won the lottery with an announcement made by Tata Group's Titan Company. Titan's announcement will add Rs 34 crore to Jhunjhunwala's fortune.
Titan's profit fell 7% in the March 2022 quarter. Despite this, the company has announced a dividend of Rs 7.50 per share to its investors.
Rakesh Jhunjhunwala has a big stake in Titan Company. Also, with a dividend of Rs 7.5 per share, the assets of Big Bull Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala are expected to grow by about Rs 34 crore.
How much does Jhunjhunwala invest in Titan? According to Titan's January-March 2022 shareholding, investor Rakesh Jhunjhunwala owns 3,53,10,395 shares, or about 3.98 percent, of Titan.
Shares of Titan Company have a 52-week low of Rs 1,404. The stock has a 52-week high of Rs 2,767.55.
Earnings from Titan in the form of dividends - Rakesh Jhunjhunwala owns 3,53,10,395 shares of Titan Company. The jewelry company has announced a dividend of Rs 7.50 per share. Big Bull's fortune is expected to increase by about Rs 26.50 crore.
Rakesh Jhunjhunwala's wife Rekha Jhunjhunwala owns 95,40,575 shares of Titan. As such, their wealth will increase by about Rs 7.15 crore. The combined revenue of the two will be around Rs 34 crore.
