Mrs. Jhunjhunwala, has recently increased her stake in the financial services provider Geojit Financial Services during the Dec 2022 quarter.
As of December 31, 2022, Rekha Jhunjhunwala owned 8.38% of Geojit, or 2,00,37,500 shares, after purchasing almost 20 lakh equity shares in the third quarter of FY23. The investor held a 7.54% stake in Geojit Financial as of the end of the September 2022 quarter, when they owned 1,80,37,500 shares of stock.
The value of Rekha Jhunjhunwala's stake in Geojit Financial Services at today's prices is Rs 98 crore. Despite a nearly 40% one-year decline in share price, InvestingPro models estimate a fair value for the financial stock of Rs 66.76 per share, or a 36.4% increase from the stock's current price.
Rakesh Jhunjhunwala is one of the most successful and well-known investors in India. He is often referred to as the "Warren Buffett of India" due to his investment acumen and long-term track record of success. Rakesh Jhunjhunwala's portfolio is diverse and includes investments in a wide range of companies across various sectors such as finance, healthcare, engineering, and consumer goods. Some of the notable companies in Rakesh Jhunjhunwala's portfolio include:
It's important to note that Rakesh Jhunjhunwala's portfolio is subject to change and it may have different companies at different time. Additionally, the portfolio may also include investment in other assets such as real estate, bond and commodity. It's also worth noting that Rakesh Jhunjhunwala's investment strategy is long-term oriented and focuses on buying undervalued stocks and holding on to them for the long term.
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