Rekha Jhunjhunwala made Rs 600 crore in notional wealth within minutes on Wednesday, as her Rs 16,000 crore stock bet Titan Company Ltd climbed 4 per cent following the jeweller's September quarter business update.

Titan said its consolidated sales growth (ex-bullion) stood at 20 per cent YoY, whihc was far above Nomura's estimate of 12.5 per cent growth. The foreign brokerage said domestic jewellery segment grew 19 per cent against its estimate of 12 per cent despiteQ2 having a high base YoY due to customs duty cut from 15 per cent to 6 per cent in July 2024, the inauspicious Shradh period and high gold prices (up 43 per cent YoY, 10 per cent QoQ) impacting footfalls. Advertisement

Jhunjhunwala held 5.15 per cent stake in Titan Company as of June 30. This stake was worth, Rs 15,620.80

See Full Page