Rakesh Jhunjhunwala initially bought a significant stake in Titan Company around 2002–2003 at an average price of approximately ₹30–₹35 per share. Some reports indicate he acquired shares as low as ₹3–₹4, though the ₹30–₹40 range is widely cited for his initial, large-scale accumulation when the stock was distressed.
In the early 2000s, he purchased Titan Company shares at Rs 30-Rs 40 apiece and the investment eventually delivered returns of over Rs 15,000 crore #BusinessNews #rakeshjhunjhunwala.
The all-time high Titan stock closing price was 35.95 on July 31, 2008. The Titan 52-week high stock price is 10.94, which is 17.8% above the current share price.
➡️20 years back in 2003 , the market cap of titan was 460cr , today it's 3 lakh crores 💰 💰 💰💰💰 ➡️so if you had invested just 1 lakh in 2003 in titan , you would have 6cr worth of titan shares in your account today!
Rolex offers a limited, high-priced range of men's and women's watches and promotes through sponsorship of high-profile events, while Titan provides a wider variety of watches and accessories at lower prices and has a larger distribution network.
Titan's Performance
In 2021, Titan's Flagship and Opportunities strategies outperformed benchmarks by double digits. However, 2022 saw a decline with a -22.5% return, and 2023 followed with a -12.4% return.
The intrinsic value of one TITAN stock under the Base Case scenario is 1 194.27 INR. Compared to the current market price of 4 221.5 INR, Titan Company Ltd is Overvalued by 72%.
The company executed a 10-for-1 stock split, meaning that for every share held, investors received 10 new shares. The adjusted shares began trading on Jun 23, 2011. This was the only stock split in TITAN's history.
Spotlight on Vijay Kedia. India's stock market has been shaped by legendary investors such as Rakesh Jhunjhunwala and Radhakishan Damani, who earned the title of “Big Bull” for their unmatched vision and wealth creation. Today, as the hunt for the next market icon intensifies, all eyes are on Vijay Kedia.
Going by March quarter shareholding pattern, Jhunjhunwala earned a dividend income of Rs 52.23 crore from Titan Company, Rs 42.37 crore from Canara Bank, Rs 27.50 crore from Valor Estate, Rs 17.24 crore from NCC and Rs 12.84 crore from Tata Motors among others.
So, what exactly would Rakesh Jhunjhunwala have seen when he looked at Titan as a company to invest in during the FY2001 to FY2003 period. There were quite a few positive indicators for the stock such as: Low share price hence available at a reasonable value.
Key takeaways:
The typical American has an average retirement savings of $521,522. Americans in their 60s have the most saved for retirement with average balances close to $1.2 million. Average account balances more than double between those in their 20s vs their 30s.
If you bought 100 shares of Amazon (AMZN) in 1998, you'd have a massive fortune today, as those shares multiplied significantly through stock splits (1998, 1999, 1999, 2022) from 100 to potentially over 12,000 shares, turning a modest investment into millions, even considering early volatility.