Editor’s Note
This article highlights how a broader market rally, fueled by positive trade developments, can disproportionately benefit specific blue-chip stocks and their major stakeholders. Titan’s surge underscores the interconnected nature of geopolitical events, market sentiment, and individual portfolio performance.
Following the announcement of the India-US trade deal, the market rally benefited the shares of Tata Group’s jewelry company, Titan Company Limited. This led to a significant surge in the portfolio of veteran investor Rekha Jhunjhunwala. Major institutional investors like LIC (Life Insurance Corporation of India) also reaped substantial profits. Titan shares witnessed a spectacular rally. On the NSE, Titan’s shares rose from ₹3,953.20 to ₹4,135.10 per share over two sessions, marking an increase of ₹181.90 per share (approximately 4.6% gain). This surge is linked to the India-US deal, under which the US reduced the reciprocal tariff on Indian goods from 25% to 18%. This has raised expectations of significant benefits for the gems and jewelry sector (especially export-oriented companies), as exports of Indian jewelry to the US will become cheaper and more competitive.
Rekha Jhunjhunwala (wife of investor Rakesh Jhunjhunwala) is a major shareholder in Titan. According to a livemint report, based on the Q3FY26 (October-December 2025) shareholding pattern, she holds 4,71,84,470 shares, representing 5.31% of the company’s total paid-up capital. The increase of ₹181.90 per share boosted the value of her holdings by ₹858 crore (approximately ₹858.28 crore). (The calculation is as follows: ₹181.90 × 4,71,84,470 = ₹858 crore)
The state-owned life insurance company LIC is also a major shareholder in Titan. According to the latest shareholding data, LIC holds 2,23,24,301 shares. This same rally increased the value of LIC’s holdings by approximately ₹406 crore. This calculation can also be understood as: ₹181.90 × 2,23,24,301 = ₹406 crore.
This deal is positive not only for the jewelry sector (Titan, Kalyan Jewellers, Senco Gold, etc.) but also for textiles, chemicals, and other export-oriented sectors. Market experts believe the tariff cut will provide fresh momentum to Indian exports, boosting the long-term growth and profitability of these companies.