Rekha Jhunjhunwala picks additional stakes in this PSU bank and stock broking company - Check details

Rekha Jhunjhunwala, Rakesh Jhunjhunwala: Ace investor Rekha Jhunjhunwala has picked additional stakes in these two stocks – Canara Bank and Geojit Financial Services - during the December 2022 quarter. The former is a public sector bank and the latter is a stock broking and allied services company.

Jhunjhunwala has bought extra 0.6 per cent stakes (1,07,50,200 shares) in the Canara Bank, taking the total holding to 2.07 per cent (3,75,97,600 shares), according to the December shareholding pattern of the company available on the BSE.

Similarly, the renowned investor has added 0.8 per cent stakes (20,00,000 shares) in Geojit Financial, which this her total stake in the stock broking company rises to 8.4 per cent (2,00,37,500 shares), as per the shareholding pattern.

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Both these stocks were part of the portfolio of Rakesh Jhunjhunwala, who passed away on August 14, 2022, due to a sudden cardiac arrest. They supposedly have been transferred to his wife Rekha’s portfolio — she being the nominee of the Big Bull’s wealth and stock portfolio, as per norms.

Rekha Jhunjhunwala publicly holds 20 stocks with a net worth of over Rs 11,966.7 crore as of January 10, 2023, according to the stock analysis website trendlyne.com.

Canara Bank Share Price History

State-owned Canara Bank share price on Tuesday declined nearly 3 per cent to Rs 317.40 per share on the BSE at the close. Joining the PSU Bank’s rally, Canara Bank’s stock has gained more than 43 per cent in the last one year and over 46 per cent in the last six months.

Canara Bank Shareholding

With promoters holding in the bank remaining unchanged, foreign investors, domestic investors and Mutual Fund houses each have increased their stakes in the bank sequentially to 8.74, 25.37, and 4.77 per cent holding in the company, as per the stock analysis website trnedlyne.com.

Geojit Financial Share Price History

The stock broking company – Geojit Financial share price closed over 5 per cent higher to Rs 49.65 per share on the BSE. The counter in the one year has cracked more than 31 per cent, while it was down marginally by 5 per cent in the last six months.

Geojit Financial Shareholding

Along with promoters, foreign institutional investors have reduced stakes to 54.7 and 1.88 per cent, respectively, in the company.