Once again, a great example has shown that investors can make a lot of money quickly on the stock market. On the first day of the week, shares of the Tata Group did well in the morning session. Early on today, two of the Tata Group’s stocks went up by a lot. When Titan and Tata Motors took off, investors got very rich very quickly. In the first 15 minutes of trading on the NSE, Titan’s stock went up from Rs. 2,548.45 to Rs. 2,598.70. Tata Motors went up more than 8%, reaching Rs 470.40.
Rakesh Jhunjhunwala’s wife, Rekha Jhunjhunwala, made the most money from the gains in both of these Tata Group stocks on the first day of trading today. Both of these companies are owned by Jhunjhunwala’s wife, and they made 400 crores in just 15 minutes. Both of these stocks looked good at the start of the day, and that continued during the day.
Based on information about who owns Tata Group shares, Surat
Rekha Jhunjhunwala owns 5.17% of Titan, or 4,58,95,970 shares, as of the December quarter. Today, the stock of the company went up by Rs 50.25 in the first 15 minutes of trading. This made Rekha Jhunjhunwala Rs 230 crore richer. Tata Motors shares, on the other hand, went up Rs 32.75 in the first 15 minutes. Rekha Jhunjhunwala has 522,56,000 shares of the company, which is 1.57%. Rekha Jhunjhunwala made 170 crores this way. So, in 15 minutes, Rekha Jhunjhunwala’s Tata Motors and Titan shares went up by Rs 400 crore.
Why have Tata’s shares gone up so much?
In the fourth quarter of FY23, Titan’s business by itself grew by 25%, and Tata Motors also did well. grew up The company’s global wholesale data, which includes Jaguar Land Rover numbers, is very good. In the fourth quarter, Tata Motors’ wholesale sales rose by 8% to 3,61,361 units. While sales of commercial vehicles and Tata Daewoo fell by 3 percent to 1,18,321 units worldwide, sales of passenger vehicles went up by 10 percent to 1,35,654 units.