Jhunjhunwalas lost nearly Rs 3,500 cr in this Tata Group stock in 3 months

Titan Company has slipped 7 per cent to Rs 1,925 in intra-day trade on Friday and has shed 29 per cent in the past three months.

Billionaire investor Rakesh Jhunjhunwala and his wife Rekha Jhunjhunwala lost nearly Rs 3,500 crore in Tata Group company Titan in the last three months, as the stock crashed 29 per cent during the period.

The value of Jhunjhunwalas' holding in Titan Company fell by Rs 3,489 crore since March 17, 2022. The stock hit a nine-month low of Rs 1,925 and was down 7 per cent on the BSE in intra-day trade on Friday. The stock traded at its lowest level since September 2021, after it had hit a record high of Rs 2,767.55 on March 21, 2022.