India Pak Conflict: Jhunjhunwala Makes Rs 890 Crore From 2 Tata Group Stocks Despite Market Selloff

Marquee Dalal Street investor Rekha Jhunjhunwala, woman of precocious Rakesh Jhunjhunwala, saw worth of her 2 Tata Group stocks swell complete Rs 892 crore connected Friday, contempt nan crisp selloff astatine Dalal Street contempt nan rising tensions betwixt India and Pakistan connected nan border.

The database included nan likes of Titan Company, which reported a beardown group of capacity successful nan March 2024 4th and Tata Motors, which is reported to use from nan free waste and acquisition statement (FTA) betwixt Indian and nan UK. To recall, Tata Motors shares outperformed during nan Kargil War also, arsenic it roseate astir 92 per cent backmost then.

Shares of Titan Company surged 4.95 per cent connected Friday, to Rs 3,530, pinch its full marketplace capitalization moving complete Rs 3.11 lakh crore. The banal had settled astatine Rs 3,363.45 crore. Value of Jhunjhunwala's liking successful Titan accrued to Rs 16,165.09 crore connected Friday from Rs 15,402.40 crore, adding Rs 762.69 crore for nan day.

Titan Company reported a 10.7 per cent YoY maturation successful nett profit astatine Rs 870 crore, while gross accrued 19.7 per cent YoY to Rs 13,477 crore. The jewellery and watch maker's Ebitda for nan 4th accrued 29.7 per cent to Rs 1,438 crore, while margins expanded to 10.7 per cent. The institution committee announced a dividend of Rs 11 per share.

Similarly, Tata Motors' banal gained 3.97 per cent to Rs 709, pinch a full valuations of much than 2.6 lakh crore. The banal settled astatine Rs 681.90 connected Thursday. Valuation of RJ's liking successful nan homegrown car awesome accrued by Rs 129.45 crore to Rs 3,386.91 crore 3,257.45 crore. Cumulatively, some nan Tata Group stocks added 892.14 crore to her wealth.

In an speech filing pinch nan bourses connected Thursday, Tata Motors informed that nan projected merger of Tata Motors Finance (TMFL), a step-down wholly owned subsidiary of nan institution pinch Tata Capital done a strategy of statement has been sanctioned by nan National Company Law Tribunal, Mumbai Bench.

Published on: May 9, 2025 1:49 PM IST