Titan Shares Plunge Leaves Jhunjhunwala Widow Nursing Heavy Losses 

It was a brutal Monday for Rekha Jhunjhunwala as her prized stock holding in Titan Company tanked over 7%, erasing more than Rs 800 crore from her net worth

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Titan Shares Plunge Leaves Jhunjhunwala Widow Nursing Heavy Losses

It was a brutal Monday for Rekha Jhunjhunwala as her prized stock holding in Titan Company tanked over 7%, erasing more than Rs 800 crore from her net worth

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The late Rakesh Jhunjhunwala and his wife had built up Titan as their flagship equity investment over many years, with Rekha now owning a substantial 5.35% stake.

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However, the jewellery-to-watches major’s lacklustre Q4 earnings report triggered a sharp sell-off that painfully exposed the couple’s concentrated market exposure.

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Titan has been the cornerstone of the Jhunjhunwala portfolio for its consistent growth profile and dominant market position in India’s fast-expanding branded jewellery sector.

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Over two decades, it grew from a small acquisition by the Tatas to a behemoth valued at nearly Rs 3 lakh crore.

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Its attractiveness as a ‘play’ on India’s consumption story made it a perennial favourite among local institutional investors as well.

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