Rakesh Jhunjhunwala, LIC of India believes in this banking stock in Q1

Rakesh Jhunjhunwala Shareholding

According to Canara Bank Shareholding Pattern For the June 2022 quarter, Big Bull Rakesh Jhunjhunwala has 3,55,97,400 canara bank shares Or 1.96 percent stake in the banking company. Similarly, in the January to March 2022 quarter, Big Bull held the same 3,55,97,400 shares or 1.96 per cent stake in the company, which means the market magnet kept its stake in Canara Bank unchanged in the first quarter of the new financial year. . Which started 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 the total paid-up capital of Canara Bank. Shareholding Pattern of Canara Bank In January to March 2022, LIC of India held the same 16,02,67,464 shares or 8.83 per cent stake in the PSU bank. Hence, like Rakesh Jhunjhunwala, the insurance giant has also kept its stake in Canara Bank unchanged during Q1FY22.

Canara Bank Share Price History

Canara Bank share price has risen in the last one month since 197 216 level, registering an increase of about 9.50 per cent over the period, while in the year-on-year (YTD) time, it has increased from approx. from 205 216, provides a return of approximately 5 percent to its shareholders. However, in the last one year it has given returns of more than 40 per cent to its investors, while in the last two years it has grown almost. from 102 216 levels, registering an increase of over 110 per cent in the period. Hence, the stock has given multibagger returns to its shareholders over the last two years.

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

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