The Jhunjhunwala family has reduced its holdings in Titan, a major Tata group company. Titan has been an important stock of Jhunjhunwala’s portfolio and attracted Jhunjhunwala for about two decades. But now the stock of Inventure Knowledge Solutions (IKS) tops his portfolio and has replaced Titan for the first time. The holding value is Rs 16,319.
IKS is a new company in Jhunjhunwala’s portfolio. Its shares were listed in the stock markets in December 2024. The company, investing Rekha Rakesh Jhunjhunwala, was filled with an IPO of Rs 2,497.92 crore. The share price is currently Rs 1651.20 on BSE. The company’s market cap is Rs 28300 crore. Rekha Jhunjhunwala had 3,90,478 shares or 0.23 percent stake in IKS till the end of December 2024.
Inventure Knowledge Solutions (IKS Health) The company helps doctors and other healthcare providers to handle their paper work and administrative tasks. IKS provides services such as health clinical assistance, medical document management, virtual medical scribe and more. The company offers several services like clinical support, medical documentation management, virtual medical scribe. The company helps doctors and other healthcare providers to handle their paper work and administrative tasks.
How much shareholding in Titan
Talking about the Titan Company, Rekha Jhunjhunwala’s stake in this company has been reduced by about 15 percent between July-September 2024 quarter to October-December 2024 in terms of value in the market. By the end of the December 2024 quarter, Rekha Jhunjhunwala had a 95,40,575 shares or 1.07 percent stake in Titan. At the same time, Rakesh Jhunjhunwala’s estate had 3,61,72,895 shares or 4.07 percent shareholding. The current price of Titan’s stock on BSE is Rs 3009.25. The company’s market cap is Rs 2.67 lakh crore.
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Ace Equality data shows that Jhunjhunwalaj invested Rs 17,481 crore in Titan at the end of the September 2024 quarter. At the end of the December quarter, the stake declined to Rs 14,871 crore. The late Rakesh Jhunjhunwala started investing in Titan’s stock in early 2002. Currently 34 analysts are covering Titan shares. Of these, 17 have rated the ‘bye’ for the stock, while 12 have given ‘hold’ and 5 have given ‘SAIL’ ratings.
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