 "Markets may correct in the short term. But in a bull market the correction is always sharp, swift and short-lived: Rakesh Jhunjunwala")
Ace investor Rakesh Jhunjhunwala trimmed stake in three firms, including Titan, and increased in one during the January-March quarter (Q4), the latest shareholding pattern available on BSE shows.
Besides Titan, he cut stake in Tata Communications, another Tata Group firm, and VIP Industries following weak performance in the March quarter while lapped up shares of hospital chain Fortis Healthcare.
During the March quarter of the financial year 2020-21 (Q4FY21), Jhunjhunwala offloaded a 0.26 percentage point stake, or 2.25 million shares, in Titan Company, bringing down his holding to 3.97 per cent from 4.23 per cent at the end of December
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