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HomeMarketStocksJhunjhunwala family increases stake in this smallcap

Jhunjhunwala family increases stake in this smallcap

Rekha Jhunjhunwala, spouse of ace investor Rakesh Jhunjhunwala, elevated stake in within the quarter ended December.

In accordance with the newest shareholding sample of the inventory on the BSE web site, the investor held 2,00,37,500 fairness shares or 8.38% stake. Within the September quarter, the funding below Rakesh Jhunjhunwala had been to the tune of 1,80,37,500 or 7.54% stake.

Rekha Jhunjhunwala, as per the newest company shareholdings filed, publicly holds 19 shares with an estimated internet price of over Rs. 11,866.8 crore. Among the prime holdings of the investor embrace

, , and and .

Within the December quarter, the investor additionally raised a stake in


Geojit Monetary Companies is at present buying and selling at a reduction of 43% from its 52-week excessive. The inventory’s 52-week excessive and low costs are Rs 43.35 and Rs 87.4 per share, respectively.

The corporate’s inventory within the final 1-year has plunged 39%, whereas its 3-year return has been 73%.

FIIs or overseas institutional traders have elevated their holding within the inventory from 1.99% within the September quarter to 2.08% within the third quarter.The corporate is a low-debt entity, successfully utilizing its capital to generate revenue. Its RoCE has improved within the final 2 years.

Within the September quarter, its internet gross sales have been at Rs 112.2 crore, down 12% from Rs 127.08 crore throughout the identical quarter a yr in the past. Additionally, the online revenue declined to Rs 23.09 crore down 41.58% from Rs. 39.52 crore in September 2021.

With a m-cap of Rs 1,191 crore, the corporate presents retail monetary companies, together with on-line share buying and selling and fairness.

(Disclaimer: Suggestions, ideas, views and opinions given by the specialists are their very own. These don’t signify the views of Financial Instances)

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