Rekha Jhunjhunwala adds Canara Bank in March qtr

Ace investor Rekha Jhunjhunwala added Canara Bank to her portfolio in the quarter ended March 31, 2025 and bought 1.46% stake in the public lender.

She had exited the stock in the December quarter to repurchase it in the quarter gone by. As on September 30, 2024, her holding in the company was at 1.42%.

While the stock has made a comeback over the past one month, gaining nearly 8%, her purchase could be a dip buying. The stock has had a spate of underperformance in the past one year. In the last one year, Canara Bank share prices have fallen by 27% while losing 11% in 2025, so far.

While pressure on bank’s net interest margins (NIIs) has been a worry for investors, stock markets as a whole have been in a tailspin. Nifty has conceded all its gains and is now trading with minor losses in a 1-year timeframe. In 2025 so far, it has slipped by nearly 5%.

Jhunjhunwala also trimmed her stake in smallcap counter Baazar Style Retail by 26 bps in the March quarter to 3.39% from 3.65% in the December quarter.

The Kolkata based-retailer is synonymous with merchandise business. Its shares have fallen nearly 22% in the past one year while recording a 3% fall in 2025 year-to-date.

Shares of Baazar Style Retail have made a strong comeback in the last one month yielding 30% returns when Nifty has managed less than 1% uptick.

Citing the latest corporate shareholdings, Trendlyne reported Rekha Jhunjhunwala publicly holding 21 stocks with a net worth of over Rs 18,033 crore. Some of the stocks held by this celebrity investor include Singer India, Tata Communications, Crisil, Escorts Kubota, Federal Bank, Indian Hotels Company, Tata Motors, Jubilant Pharmova, Karur Vysya Bank, NCC and Fortis Healthcare among others.

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