Jhunjhunwala’s pet stock, Grasim & Bajaj Finserv gain on Nifty50 entry

NEW DELHI: Renowned investor Rakesh Jhunjhunwala's pet stock Titan, and Grasim Industries climbed up to 2 per cent after the scrips were included in the Nifty50 with effect from April 2.

Titan Company climbed 1.62 per cent to hit a high of Rs 836.20. Rakesh Jhunjhunwala and his wife Rekha Rakesh Jhunjhunwala own 8.45 per cent stake in the Tata Group firm with a valuation of Rs 6,238 crore at the time of writing this report.

READ MORE: Jhunjhunwala's favourite stock may make it to Nifty Club Elite

At January-end, as many as 25 of 31 analysts tracking this stock on Reuters' Eikon either had a strong ‘buy’ or ‘buy’ recommendations, four said ‘hold' and just two recommended 'sell' ratings.

Grasim Industries went up 1.27 per cent to hit a high of Rs 1,122.70. Meanwhile, Bajaj Finserv climbed 1.07 per cent to Rs 5,026.75.

Meanwhile, Bosch was down 1.7 per cent, Ambuja Cements 1.59 per cent and Aurobindo Pharma 0.6 per cent after their exit from the index.

Original Article

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