Titan company shares traded in the red on July 15 after the Big Bull investor Rakesh Jhujhunwala cut his stake in the company in the June 2021 quarter. According to news reports, this is the third consecutive quarter Jhunjhunwala is trimming his holding in the Tata Group Company.
Jhunjhunwala cut his stake in the company to 3.72 percent in the first quarter of FY22 from 3.97 percent in the previous quarter and after the recent stake cut, he and his wife together hold 4.85 percent stake in the company as of June 2021, LiveMint report said.
After opening of the market, Titan shares were trading at Rs 1,701.25, down Rs 9.85, or 0.58 percent. It touched an intraday high of Rs 1,708.90 and an intraday low of Rs 1,693.65.
