Consumer Durables News

Rekha Jhunjhunwala Portfolio: Ace investor takes fresh position in this multibagger stock – scrip up 150% in 2 years

Mutlibagger Stock, Rekha Jhunjhunwala Portfolio, Celebrity investor Rekha Jhunjhunwala has taken a fresh position in consumer durable company – Singer India Limited during September 2022 quarter, by picking nearly 8 per cent stakes in the company, as per the latest shareholding pattern available on the exchanges.

Rekha Jhunjhunwala has bought 7.91 per cent stakes, which comprises 42,50,000 equity shares in Singer India, according to the company’s September shareholding pattern available on the BSE.

Ace investor Rekha Jhunjhunwala’s husband Rakesh Jhunjhunwala was known as the Big Bull of the Indian stock market. Rakesh Jhunjhunwala passed away earlier this year in August due to a cardiac attack.

The renowned investor Rekha Jhunjhunwala publicly holds 18 stocks with a net worth of over Rs 11,078.8 crore as per the stock analysis website

Singer India is in the business of consumer durables. The company is a well-reputed brand for more than 170 years and is amongst the leading manufacturers of sewing machines, home & personal care, and kitchen appliances among others.

Singer India’s share price has been a multibagger stock as in the last two years it has reported more than double growth, up around 150 per cent from Rs 28 on November 6, 2022, to Tuesday’s closing of Rs 71.5 per share on the BSE.

In the last six months, the stock has reported a growth of 40 per cent and almost 16 per cent year-to-date on the BSE.

Besides Singer India, the investor has also taken a fresh entry in the hospital chain – Fortis Healthcare by buying 92,02,108 equity shares or 1.22 per cent stakes in the company, as per the September 2022 quarter shareholding pattern.

The investor has also added extra shares of mainly Tata Group companies such as Titan (additional 0.6 per cent), Tata Communications (additional 0.5 per cent), Indian Hotels Limited (additional 0.3 per cent) as well as Crisil Limited (additional 0.1 per cent).

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