Rekha Jhunjhunwala, India's Warren Buffett lost Rs 800-Crore: What exactly happened today?
Who is Rekha Jhunjhunwala?
Rekha Jhunjhunwala is a prominent Indian investor known for her investments in the stock market. She is the wife of Late Rakesh Jhunjhunwala.
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X
Her portfolio
The most valuable listed holding in the portfolio is watch and jewelry maker Titan, part of the Tata Group.
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X (Forbes)
What happened in the stock market?
Rekha lost over Rs 800 crore as the stock of Titan fell more than 5% on May 7, after it reported the Q4 results.
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unsplash
Why she faced loss?
Rekha Jhunjhunwala holds almost 5.35% of the stake in Tata Group, which is worth Rs 16,792 crore as per the closing price on Friday.
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pinterest/creativemarket
How much did Titan drop?
The share price of Titan Company Ltd dropped on May 7 and stands at almost Rs 3,248.65. Following this, Rekha Jhunjhunwalas investment value in the brand is now at Rs 15,986 crore, down Rs 805 crore.
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pinterest
Net Worth
According to Forbes, Rekha Jhunjhunwala’s net worth is USD 8 Billion as of date.
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ANI
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