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Titan gains after Jhunjhunwala raises stake |
Shares of Titan gained on Tuesday’s session after Rakesh Jhunjhunwala and his wife increased stake in the company to 6.69%.
Rakesh Jhunjhunwala bought 15 lakh shares (representing 0.17% of total paid-up equity) of the company during the quarter ended December 2019, taking a total stake to 5.27% (from 5.10% earlier), as per the latest shareholding pattern available on exchanges.
Rekha Rakesh Jhunjhunwala also bought 1.25 lakh shares of the company during the quarter, taking her stake to 1.42% from 1.41% on qoq basis, the data added.
Also, LIC of India has raised stake in the company to 1.64% in December quarter, from 1.08% in September quarter.
Stock view:
Titan Company Ltd is currently trading at Rs1,160.95, up by Rs1.65 or 0.14% from its previous closing of Rs1,159.30 on the BSE.
The scrip opened at Rs1,162 and has touched a high and low of Rs1,168 and Rs1,157.80 respectively.
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