Read more about Jhunjhunwala trims stake in Titan, 2 others in Q4; buy Fortis Healthcare on Business Standard. During the March quarter of the financial year 2020-21 (Q4FY21), Rakesh Jhunjhunwala offloaded a 0.26 percentage point stake, or 2.25 million shares, in Titan Company
Ace investor Rakesh Jhunjhunwala trimmed stake in three firms, including Titan, and increased in one during the January-March quarter (Q4), the latest shareholding pattern available on BSE shows. Besides Titan, he cut stake in Tata Communications, another Tata Group firm, and VIP Industries following weak performance in the March quarter while lapped up shares of hospital chain Fortis Healthcare. During the March quarter of the financial year 2020-21 (Q4FY21), Jhunjhunwala offloaded a 0.26 percentage point stake, or 2.25 million shares, in Titan Company, bringing down his holding to 3.97 per cent from 4.23 per cent at the end of December quarter following underperformance in the stock vis-a-vis BSE Sensex. The stock dipped nearly 1 per cent as against a 4 per cent rise in the benchmark during the March quarter.