Why Rakesh Jhunjhunwala bought Titan shares when everyone else was selling? Raamdeo Agrawal explains

Motilal Oswal Chairman Raamdeo Agrawal recounted in a book how the late Rakesh Jhunjhunwala began buying Titan shares between 2001 and 2002 at around Rs 29 to Rs 35 per share, when the company faced raw material cost pressures, labour disputes and weak demand. As of March 31, 2026, Jhunjhunwala's family holds around a 5 percent stake in Titan, valued at nearly Rs 20,250 crore. Agrawal described Jhunjhunwala as a natural bargain hunter who spotted Titan's long-term potential early.