Tata Group: These two shares of Tata Group made investors rich, Jhunjhunwala has a strong investment – tata motors shares hit eight-month high what investors should do
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Morgan Stanley has given a target price of Rs 513 on Tata Motors stock. Similarly, according to Macquarie, this stock can go up to Rs 510. Anand Rathi Investment Services has a buy advice. He has kept a target price of Rs 560-600 with a stop loss of Rs 400. The shares of Titan, another company of Tata Group, also gained momentum today. The company’s stock was trading at 0.74 per cent ie Rs 2584.95 on BSE. Rekha Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, has a stake in both these stocks.
Rekha Jhunjhunwala’s stake
He held 5.17 per cent stake in Titan in the December quarter, which increased to 5.30 per cent in March. Late Rakesh Jhunjhunwala started investing in Titan in the year 2003 and today his investment in the company is worth over Rs 12,000 crore. This stock made him a Big Bull. After Rakesh Jhunjhunwala’s death last year, his portfolio was transferred to his wife Rekha Jhunjhunwala. As per the December shareholding pattern, Rekha Jhunjhunwala holds 5,22,56,000 shares of Tata Motors, which is equivalent to 1.57 per cent stake. Titan’s standalone business grew 25 per cent in the fourth quarter of FY2023.
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