Rekha Jhunjhunwala: The shares of Tata Group company Titan are in bad shape today. Its shares fell more than 6 percent in early trading. The major reason for this decline is what Prime Minister Narendra Modi recently said, in which he advised the people of the country to stay away from buying gold for a year.

Why did the shares fall?

In fact, PM Modi on Sunday appealed to the citizens in Hyderabad not to buy gold for the next one year. Now the business of companies like Titan in India is completely dependent on the domestic demand for gold. In such a situation, investors are obviously afraid that after this appeal of PM Modi, there may be a huge decline in the sales of gold during weddings and festival seasons.

This is the reason why in today’s trading session, Titan shares fell by 6.28 percent to Rs 4,230. This is Rs 283.40 less than its previous closing price of Rs 4,513.40. The stock opened at Rs 4,350 and touched a low of Rs 4,220 during the day’s trading. Today, not only Titan, but other jewelery stocks like Kalyan Jewelers and Senco Gold also fell sharply.

This appeal of the Prime Minister was related to the ongoing global energy crisis due to tensions in West Asia and the blockages around the Strait of Hormuz. Economists say that India imports both crude oil and gold in large quantities and payment for both is made in US dollars. Due to excess imports, pressure on India’s foreign exchange reserves increases and this may weaken the rupee.

Big loss to Rekha Jhunjhunwala

Due to this huge fall in the shares of Titan today, the net worth of veteran investor Rekha Jhunjhunwala lost about Rs 1700 crore in one stroke. According to the data of March 2026 quarter, Rekha Jhunjhunwala holds 4,71,84,470 shares of Titan Company, which is equal to about 5.31 percent stake. Due to the fall of Rs 362 per share today, his total wealth has decreased by about Rs 1700 crore.

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