Titan's m-cap fell below Rs 3 lakh mark to Rs 2,98,815 crore on Monday morning from Rs 3,13,868 crore on Friday, dragging Jhunjhunwala's notional investment value to Rs 15,986 crore, down Rs 805 crore.
Titan Company share price today: The stock was down 0.72 per cent at Rs 3,543.85. Rekha Jhunjhunwala held 5.37 per cent stake in Titan Company, which was worth Rs 16,864 crore in Friday's trade.
Analysts at CLSA also have a positive outlook on Titan. They anticipate a robust standalone revenue growth of 17 percent year-on-year, surpassing consensus estimates of 11.2 percent.
The stock remains a darling of investors after the company s strong performance in the third quarter, with positive perceptions of its business model boosted by the “Jhunjhunwala effect”.