Rekha Jhunjhunwala cuts stake in this Tata group stock and 4 others

Besides, the ace investor has also cut down holdings in four other companies, including , , and .

While the stake in Raghav is down by 0.1%, it fell by 0.6% each in Canara Bank, Fortis and NCC, according to latest Trendlyne data.

The investors' slashing of stake in Raghav Productivity comes amid significant corrections on the counter in this year so far. The manufacturer of Silica Ramming Mass has seen its stock price erode by over 15% in 2024.

Meanwhile, Canara Bank has had a decent rally at the bourses so far this year and in the last one year. The stock has delivered returns of over 100% in the past 12 months and 38% year-to-date.

After the marginal stake sale, Jhunjhunwala holds 12.5% in NCC, as of March, and 4.1% in the hospital chain Fortis.

Fortis Healthcare, on the other hand, has delivered flattish returns by rising just 0.4% year-to-date. In the last six months, the stock is up about 31%.

It may be noted that not all companies have filed their shareholding data for the March quarter till now and there might be more revealing changes to the portfolio in the coming days.

Jhunjhunwala and Associates publicly own 26 stocks with a net worth of just over Rs 50,230 crore. Some of the big names in the mix include , , Titan, Nazara Tech, among others.