Rakesh Jhunjhunwala, LIC of India keep faith in this banking stock in Q1

  • As per the shareholding pattern of Canara Bank for Q4FY22, LIC of India holds 16,02,67,464 shares or 8.83 per cent stake in banking company

Asit Manohar
Updated13 Jul 2022, 09:14 AM IST
According to Canara Bank shareholding pattern for June 2022 quarter, Rakesh Jhunjhunwala holds 3,55,97,400 Canara Bank shares or 1.96 per cent stake in the banking company.
According to Canara Bank shareholding pattern for June 2022 quarter, Rakesh Jhunjhunwala holds 3,55,97,400 Canara Bank shares or 1.96 per cent stake in the banking company.(MINT)

Despite Nifty Bank remaining laggard for the last three years, Canara Bank shares have managed to give stellar 40 per cent return to its shareholders in last one year. Probably, this is the reason for ace investor Rakesh Jhunjhunwala and Life Insurance Corporation (LIC) of India keeping faith in the banking stock in the quarter ended June 2022. As per the shareholding pattern of Canara Bank for April to June 2022 quarter, LIC of India and Rakesh Jhunjhunwala have kept their shareholding in the PSU bank unchanged.

Rakesh Jhunjhunwala shareholding

According to Canara Bank shareholding pattern for June 2022 quarter, Big Bull Rakesh Jhunjhunwala holds 3,55,97,400 Canara Bank shares or 1.96 per cent stake in the banking company. Similarly, in January to March 2022 quarter, Big Bull used to hold same 3,55,97,400 shares or 1.96 per cent stake in the company, which means the market magnet kept his shareholding in Canara Bank unchanged in the first quarter of new financial year that began from 1st April 2022.

LIC of India share holding

As per the shareholding pattern of Canara Bank for Q4FY22, LIC of India holds 16,02,67,464 shares, which is 8.83 per cent of total paid up capital of Canara Bank. In January to March 2022 shareholding pattern of Canara Bank, LIC of India used to hold same 16,02,67,464 shares or 8.83 per cent stake in the PSU bank. So, like Rakesh Jhunjhunwala, the insurance behemoth has also kept its shareholding unchanged in Canara Bank during Q1FY22.

Canara Bank share price history

In last one month, Canara Bank share price has surged from 197 to 216 apiece levels, recording near 9.50 per cent rise in this period whereas in year-to-date (YTD) time, it has risen from around 205 to 216, delivering around 5 per cent return to its shareholders. However, in last one year, it has given more than 40 per cent return to its investors whereas in last 2 years, it has surged from around 102 to 216 levels, logging more than 110 per cent rise in this period. So, the stock has delivered multibagger return to its shareholders in last two years.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint.

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.MoreLess

News in Numbers

Numbers that help you understand news better
$24 M

$13.8 B

₹313 Cr

₹773.44 Cr

34.7 M sqft

250,000

$4.5 B

First Published:13 Jul 2022, 09:14 AM IST
HomeMarketsStock MarketsRakesh Jhunjhunwala, LIC of India keep faith in this banking stock in Q1

Most Active Stocks

Tata Steel

167.05
03:57 PM | 16 JUL 2024
0.25 (0.15%)

Oil & Natural Gas Corporation

322.40
03:58 PM | 16 JUL 2024
-0.15 (-0.05%)

Bandhan Bank

198.30
03:41 PM | 16 JUL 2024
2.95 (1.51%)

Coal India

512.35
03:59 PM | 16 JUL 2024
14.4 (2.89%)
More Active Stocks

Market Snapshot

  • Top Gainers
  • Top Losers
  • 52 Week High

Natco Pharma

1,281.05
03:59 PM | 16 JUL 2024
73.2 (6.06%)

Century Textiles & Industries

2,217.55
03:48 PM | 16 JUL 2024
116.85 (5.56%)

Tata Teleservices Maharashtra

81.33
03:54 PM | 16 JUL 2024
4.23 (5.49%)

India Cements

323.05
03:55 PM | 16 JUL 2024
15.8 (5.14%)
More from Top Gainers

Recommended For You

    More Recommendations

    Gold Prices

    • 24K
    • 22K
    Bangalore
    75,246.00928.00
    Chennai
    75,099.00344.00
    Delhi
    74,806.00-460.00
    Kolkata
    75,466.00419.00

    Fuel Price

    • Petrol
    • Diesel
    Bangalore
    102.86/L0.00
    Chennai
    100.76/L0.00
    Kolkata
    104.95/L0.00
    New Delhi
    94.72/L0.00
    OPEN IN APP
    HomeMarketsPremiumInstant LoanMint Shorts