Asian stocks traded mostly higher on Wednesday, as optimism continued to drive US stocks, with the S&P 500 and Nasdaq reaching record highs overnight.
Ace stock picker Rakesh Jhunjhunwala held 1.6% stake, or 7,245,605 shares, in the company as of June 30
The scrip traded 1% down at Rs 1,781 at around 11.05 am (IST), while the benchmark BSE Sensex traded 54 points, or 0.10% down at 54,315
Jhunjhuwala and his wife now collectively hold a 4.81% stake in Titan against 5.06% in the preceding quarter
Rakesh Jhunjhunwala believes that the commodity supercycle has just started and it will stay here for at least 6-7 years
Rakesh Jhunjhunwala has stakes in Tata Motors, Lupin, Escorts, Crisil, Rallis India and Federal Bank, among others
With an investment of over Rs 400 crore, Rakesh Jhunjhunwala is one of the biggest individual shareholders in Federal Bank
Rakesh Jhunjhunwala said his portfolio is not very structured and 'it is all about his feeling and intuition'.
Jhunjhunwala’s have also increased their stake in other companies like Fortis Healthcare and Multi Commodity Exchange (MCX) in the March quarter
Jhunjhunwala reduced his holdings in VIP Industries to 2.3% from 5.3% while he raised his holdings in Fortis Healthcare by 0.3 percentage point to 4.3