Rekha Jhunjhunwala pares stake in Canara Bank, 4 other stocks in Q4
Jhunjhunwala during Q4 offloaded stake in Canara Bank, NCC, Tata Communications, Raghav Productivity Enhancers and Crisil.
Rekha Jhunjhunwala, the wife of late legendary investor Rakesh Jhunjhunwala, pared stakes in five stocks in the March quarter, according to shareholding data available on the exchanges.
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Jhunjhunwala during Q4 offloaded stake in Canara Bank, NCC, Tata Communications, Raghav Productivity Enhancers and Crisil.
As per the latest shareholding pattern filed for the Q4 period with the exchanges, shareholding in the state-run Canara Bank of the investors has reduced from 2.1 per cent in the December quarter to 1.5 per cent in the March ended quarter.
Canara Bank in the last one year has gained by 101 per cent.
Also, in the construction company NCC, the veteran investor as of March quarter held 12.5 per cent as against 13.1 per cent in the preceding quarter, implying a reduction in holding by 0.6 per cent. NCC Ltd. is also a multibagger scrip which has run-up by 130.5 per cent in the last one year.
Similarly, the expert reduced her stake in Tata Communications by 0.26 per cent, with her stake now at 1.6 per cent in comparison to 1.8 per cent in the December ended quarter. The stock in the last one year has risen by over 48 per cent. In Raghav Productivity Enhancers, a commodity chemicals company, the investor has reduced stake by a meager 0.1 per cent, with her stake intact at around 5.1 per cent in the scrip, The stock in the last one year has jumped over 40 per cent.
Likewise, in CRISIL, the rating agency, Jhunjhunwala has cut her holding in Q4 by 0.03 per cent to 5.4 per cent. The stock over a one-year period has risen in price by over 34 per cent.
The other stocks held by the veteran investor that add to her wealth are Sun Pharma, Va Tech Wabag, Singer India, Aptech, Agro Tech Foods and Autoline Industries. Trendlyne inputs say that the investor owns 25 scrips and commands a net worth of more than Rs 41,254.3 crore.
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