The majority of analysts, however, agree that the Tata Group firm has the potential to recover smartly, as it did in FY21, when the jewellery firm logged positive sales growth for the year after reporting a 62 per cent year-on-year drop in sales for the June quarter of 2020. On Thursday, the scrip closed at Rs 1,726 on BSE. Jhunjhunwala and his better half Rekha Jhunjhunwala owned 5.1 per cent stake in the company as of March 31.
