8 months ago
Rekha Jhunjhunwala Reduces Stake in Tata Group Hotel Stock
Rekha Jhunjhunwala, a well-known investor, recently sold some of her shares in a company called Indian Hotels, which is part of the Tata group.
She sold enough shares to reduce her ownership in the company by about 1%.
This happened because the stock of Indian Hotels has not been doing as well as other stocks in the market recently.
Even though the stock has gone down in the last year, it has done very well over the last 5 and 10 years, making it a good investment for those who held it for a long time.
Rekha Jhunjhunwala still owns shares in many other Tata group companies and has a large portfolio of stocks worth over ₹45,023 crore.
Rekha Jhunjhunwala reduced her stake in Indian Hotels by 1.02% during Q3.
She sold 1,45,23,200 shares, now holding 1,42,87,765 shares or 1% stake.
Indian Hotels stock has underperformed the BSE Sensex by 17% over the last year.
Despite recent underperformance, the stock has gained 443% in 5 years and 550% in 10 years.
Jhunjhunwala's portfolio includes 27 stocks with a net worth of over ₹45,023 crore.
- Who
- Rekha Jhunjhunwala, wife of late stock market veteran Rakesh Jhunjhunwala
- What
- Reduced stake in Indian Hotels by 1.02%
- Where
- Indian Hotels, a Tata group company
- When
- During the third quarter of the financial year
- Why
- Part of quarterly portfolio rejig amid underperformance of the stock
Key facts
- Investor
- Rekha Jhunjhunwala
- Company
- Indian Hotels
- Stake Reduced
- 1.02%
- Shares Sold
- 1,45,23,200
- Current Stake
- 1%
- Stock Performance (1Y)
- -17%
- Sensex Performance (1Y)
- +6.5%
- Stock Performance (5Y)
- +443%
- Stock Performance (10Y)
- +550%
Sources
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