The Jhunjhunwala family has reduced its holding in Titan, a flagship company of the Tata Group. Titan has been an important stock in Jhunjhunwala's portfolio and attracted Jhunjhunwala for almost two decades. But now the stock of Inventures Knowledge Solutions (IKS) has topped 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 on the stock exchanges in December 2024. The IPO of Rs 2,497.92 crore of this company invested by Rekha Rakesh Jhunjhunwala was filled 52.68 times. The share price is currently Rs 1651.20 on BSE. The market cap of the company is Rs 28300 crore. Rekha Jhunjhunwala held 3,90,478 shares or 0.23 percent stake in IKS as of the end of December 2024.
Inventus Knowledge Solutions ( IKS Health ) Company helps doctors and other healthcare providers handle their paper work and administrative tasks. IKS Health offers services like clinical support, medical documentation management, virtual medical scribing and more. Company offers many services like clinical support, medical documentation management, virtual medical scribing. Company helps doctors and other healthcare providers handle their paper work and administrative tasks.
How much shareholding in Titan
Talking about Titan Company, Rekha Jhunjhunwala's stake in this company has decreased by about 15 percent in terms of value between July-September 2024 quarter and October-December 2024 quarter amid the decline in the market. As of the end of the December 2024 quarter, Rekha Jhunjhunwala held 95,40,575 shares or 1.07 percent stake in Titan. At the same time, Rakesh Jhunjhunwala's estate held 3,61,72,895 shares or 4.07 percent shareholding. The current price of Titan's share on BSE is Rs 3009.25. The company's market cap is Rs 2.67 lakh crore.
Data from Ace Equities shows that the Jhunjhunwalas had invested Rs 17,481 crore in Titan at the end of the September 2024 quarter. The stake declined to Rs 14,871 crore at the end of the December quarter. The late Rakesh Jhunjhunwala started investing in Titan shares as early as 2002. Currently, 34 analysts are covering Titan shares. Of these, 17 have a 'buy' rating for the stock, while 12 have a 'hold' and 5 have a 'sell' rating.
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