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Bank Stock Bought Stake: Rekha Jhunjhunwala, the country's leading investor and wife of late Rakesh Jhunjhunwala, has once again expanded her portfolio. He has invested his money in the government stock in the last and fourth quarter of FY 2024-25. He has invested in Canara Bank during the January-March 2025 quarter. He has bought a 1.5 percent stake in this PSU bank.

1.5 percent purchased stake

According to Trendline data, Rekha Jhunjhunwala has bought a total of 13,24,43,000 shares of Canara Bank, which is about 1.5 per cent of the bank's total stake (Bank Stock Bought Stake).

The total price of this deal is being said to be Rs 1,199.1 crore. This investment has been made at a time when Canara Bank shares are running below Rs 100. Rekha Jhunjhunwala has already invested in this stock.

She has invested before

Let us tell you that Rekha Jhunjhunwala had a 1.42% stake in Canara Bank by the end of the September 2024 quarter (Q2 FY25), but she sold his entire stake in the December 2024 quarter.

Now after a few months, he has again expressed confidence in this bank and bought a big stake. With his move, experts say that Canara Bank is expected to perform well in the coming time. The price of this stock is still cheap and it has presented strong results in recent months.

420% return in five years

Let us tell you that on Friday 11 April 2025, Canara Bank shares closed at Rs 90.53 with a rise of 2.39%. During the last one month, it has registered a rise of more than 9 percent, while it has fallen by 13 percent during 6 months.

At the same time, investors have got a negative return of 23 percent in a year. Apart from this, this PSU share has given huge profits of 420 percent in the long term.