Rekha Jhunjhunwala pares stake in Canara Bank, Escorts Kubota and 2 other underperforming stocks: Check if you too own them
Every quarter listed companies reveal their shareholding pattern or SHP which is a document primarily entailing how a company's shares are owned. This is indeed a mandatory disclosure made to stock exchanges by all listed companies in India.
So, as another quarter (October-December) has concluded, listed companies are filing their SHP, and checking which we may come to know about ace investors' likely transactions (sell and buy in securities during the quarter).
Thus, here is what ace investor Rekha Rakesh Jhunjhunwala has sold during Q3:
Individual shareholders who hold 1% or more stake are to be detailed with exchanges
Further, listed companies in India are obliged to release the names of shareholders who hold one per cent or more stake in the company on a quarterly basis.
Rekha Jhunjhunwala sells stake in Canara Bank
In the shareholding pattern of October-December quarter, Rekha's name is missing from the list of Canara Bank shareholders, implying her shareholding in the state-run lender is now below 1 per cent. In the previous quarter her stake was at 1.42 per cent.
Rekha Jhunjhunwala sells stake in Escorts Kubota
Jhunjhunwala's stake in the entity is not reflecting in the company's SHP while the same was 1.53 per cent in the previous September quarter.
Jhunjhunwala sells stake in Agro Tech Foods
During the quarter, the investor's stake in the edible oil company has come down from 7 per cent in the September quarter to just 3.5 per cent in the December quarter. In the last one year, the stock has gained just over 3 per cent.
Jhunjhunwala sells minor stake in Singer India
This is again an underperforming scrip with 1-year return at over -38 per cent. Ace investor has reduced her stake in the entity by just 0.1 per cent, with her holding as of December quarter at 6.9 per cent.
Stake in 3 stocks unchanged as of December quarter
Nonetheless, her stake in Tata Communications, Star Health and Raghav Productivity Enhances remains same quarter-on-quarter.