Rekha Rakesh Jhunjhunwala's Shares Plunge, Losing Over Rs. 1200 Crore in a Day

Rekha Rakesh Jhunjhunwala faced a significant setback as Titan Company shares plummeted nearly 8% after Q4 FY24 results. Holding a 5.35% stake, her investment value dipped from Rs 16,787 to Rs 15,582 crore. Titan's market cap fell to Rs 2.91 lakh crore, with shares closing at Rs 3281.65, down 7.18%. Despite a 20.6% YoY revenue growth in Q4 FY24, Titan faces margin challenges in jewelry. Analysts adjusted EPS estimates, yet remain optimistic about its long-term prospects.

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