May 08, 2024 03:39 PM IST
Fall in this Tata Group stock resulted in a loss of over ₹2300 crore in Rekha Jhunjhunwala’s net worth.
The Indian stock market has witnessed intense volatility in the past four sessions. Not even quality stocks remained immune to the ups and downs of the market- one of which is Titan Company. The Tata Group stock, which has investments from the Life Insurance Corporation (LIC) of India and late ace investor Rakesh Jhunjhunwala’s wife Rekha Jhunjhunwala, experienced a correction of almost ₹497 per share in just one month. This resulted in a loss of over ₹2300 crore in Rekha Jhunjhunwala’s net worth and a drop of over ₹772 crore in LIC’s net worth.
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