Titan shares plunge 5% as Jhunjhunwala loses Rs 800 crore in a matter of minutes.

The late investor Rakesh Jhunjhunwala's widow, Rekha Jhunjhunwala, lost almost Rs 800 crore in notional value from her Titan Company assets after the stock dropped around 5% on Monday in response to the Q4 miss. As of March 31, 2024, Jhunjhunwala has a 5.35 percent ownership in the Tata Group company. The value of her Titan investment at Friday's closing price was Rs 16,792 crore. Titan's market capitalization dropped below Rs 3 lakh crore, from Rs 3,13,868 crore on Friday to Rs 2,98,815 crore on Monday morning. As a result, Jhunjhunwala's notional investment value decreased to Rs 15,986 crore, a loss of Rs 805 crore. Titan shares dropped 5.18% on the BSE, reaching a low of Rs 3,352.25. The jeweler stated that he received a 7 per