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Rekha Jhunjhunwala, the Indian billionaire investor who took over her late husband Rakesh Jhunjhunwala's portfolio, now holds six top stock positions worth about ₹48,000 crore ($5 billion), led by her stake in Tata group jeweler Titan Company Ltd.
At the end of the September quarter, she owned 47,184,470 Titan shares, a 5.31% stake. At ₹5,060 a share, that holding is worth ₹23,875.34 crore ($2.5 billion), or roughly half the value of her six largest bets.
The rest of the top tier includes Inventurus Knowledge Solutions Ltd., the Mumbai-based health care services company that went public in December 2024, and the Tata Motors commercial vehicle business that trades under the TMCV ticker, along with three other holdings.
Titan drives the gain
Titan has done most of the work. The stock closed at ₹4,337.90 on Oct. 28 and ended at ₹5,005 on Nov. 9, a gain of more than 15% in under two weeks. At the Oct. 28 close, Jhunjhunwala's Titan shares were worth about ₹20,468 crore. That puts the paper gain on the stake alone at roughly ₹3,400 crore ($357 million) since late October.
Titan, which sells Tanishq jewelry, watches and eyewear, has been the family's most valuable holding for two decades. Rakesh Jhunjhunwala began buying the stock in the early 2000s, when it traded at a tiny fraction of today's price, and held on through several market downturns.
Inheriting the Big Bull's portfolio
Rakesh Jhunjhunwala, a chartered accountant who became known in India as the "Big Bull," died in August 2022 at age 62. Rekha Jhunjhunwala inherited the bulk of his listed holdings and has kept most of the core positions intact, including Titan, which accounts for the largest share of her market wealth.
She also oversees the family's investments through Rare Enterprises, the investment firm her husband founded.
Forbes ranks Rekha Jhunjhunwala among India's richest women, with a fortune built almost entirely on the stock market bets her husband made over three decades.
Figures were converted at ₹95.2 to the dollar.
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