Rakesh Jhunjhunwala facing the huge loss due to rapid fallen in Stock Market

During Friday's slump in the stock market, retail investors suffered huge losses. Because their stock portfolio has suffered a major setback. The sharp fall in India's stock market has also hurt big investors.

Shares of Big Bull Rakesh Jhunjhunwala's favorite Titan fell 4.37 percent on Friday. Shares of Tata have fallen more than seven percent this week.

Rakesh Jhunjhunwala's fortune has plummeted by about Rs 753 crore this week due to the fall in Titan shares. Considering the history of Titan Company's share price, Rakesh Jhunjhunwala's share price has risen from around Rs 2374 to Rs 22.

The stock market fell about 105 rupees, or about 4.40 percent, in a day. Shares of Titan have fallen from Rs 2,467 to Rs 2,293 in the last one week.

According to Titan's shareholding pattern for the July-September 2021 quarter, Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala have a stake in the Tata Group company.

Rakesh Jhunjhunwala owns 3,37,60,395 shares of Titan Company, which is 3.80 percent of the company's total issued capital. Rekha Jhunjhunwala owns 95,40,575 shares or 1.07 percent stake in the company.

Rakesh Jhunjhunwala and Rekha Jhunjhunwala jointly own 4,33,00,970 shares of the company or 4.87 percent stake in the company.

Shares of Titan fell to Rs 174 this week. Rakesh Jhunjhunwala has lost about Rs 753 crore due to the fall in Titan shares.

Jhunjhunwala has increased its investment in Tata Communications in the September quarter. According to the company's shareholding pattern, Jhunjhunwala's stake in the company has risen from 1.04 percent to 1.08 percent.

Jhunjhunwala has invested in the company in the name of his wife Rekha Jhunjhunwala. He owns 30 lakh 75 thousand 687 shares of the company. Rekha Jhunjhunwala owned 29 lakh 50 thousand 687 shares of the company in the June quarter.