Dalal Street witnessed a sharp selloff on Friday amid rising border tensions between India and Pakistan, but marquee investor Rekha Jhunjhunwala, wife of late billionaire Rakesh Jhunjhunwala, saw a massive gain in her portfolio—thanks to two Tata Group stocks: Titan Company and Tata Motors.
Despite the broader market weakness, shares of Titan Company surged 4.95% to close at ₹3,530, pushing its market capitalization above ₹3.11 lakh crore. The rally followed a strong Q4FY24 earnings report, with Titan reporting a 10.7% YoY rise in net profit to ₹870 crore and a 19.7% increase in revenue to ₹13,477 crore. The company’s EBITDA grew nearly 30% to ₹1,438 crore, with margins expanding to 10.7%. The board also declared a dividend of ₹11 per share.
Rekha Jhunjhunwala’s stake in Titan rose by ₹762.69 crore in a single day, moving from ₹15,402.40 crore to ₹16,165.09 crore.
Meanwhile, Tata Motors saw its shares gain 3.97%, closing at ₹709. The stock had settled at ₹681.90 in the previous session. The value of Jhunjhunwala’s stake in the company rose by ₹129.45 crore to ₹3,386.91 crore. The uptick is attributed to optimism surrounding the India-UK Free Trade Agreement (FTA) and the company’s recent merger developments.
In a filing on Thursday, Tata Motors informed exchanges that the National Company Law Tribunal (NCLT) in Mumbai had approved the proposed merger of Tata Motors Finance Ltd (TMFL) with Tata Capital under a scheme of arrangement, further boosting investor confidence.
Cumulatively, both Tata stocks added ₹892.14 crore to Rekha Jhunjhunwala’s wealth in a single trading session—proving the resilience of quality stocks even amid geopolitical stress.