Jhunjhunwala's pet stock, Grasim & Bajaj Finserv up on Nifty50 entry, retreat

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. However, the stocks pared their early gains and ended the session flat.

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. The stock closed 0.80 per cent down at Rs 816.35 on BSE.

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 to end the day 0.31 per cent up at 1,112. Meanwhile, Bajaj Finserv shed 0.67 per cent to Rs 4,940.

Meanwhile, Bosch was down 2.30 per cent and Ambuja Cements was down 1.95 per cent after their exit from the index. Aurobindo Pharma 2.86 per cent higher at Rs 587.15.