Portfolio Investment in New and Increased Holdings Crosses INR 27,000 Crore
Renowned investor Rekha Jhunjhunwala, widely followed for her stock-picking acumen and stewardship of the late Rakesh Jhunjhunwala’s legacy, has made bold moves in the March 2024 quarter, adding fresh stakes in 6 companies (worth INR 6,721.90 crore) while increasing her shareholding in 6 others, regulatory filings show.
According to shareholding data analyzed for the quarter ended March 2024, her cumulative investment in these 12 stocks amounts to over INR 27,458.70 crore, reflecting a confident and diversified approach in sectors ranging from banking and autos to pharma and gaming.
🔍 Portfolio Snapshot: March 2025
| Stock | Holding Value (INR Cr) | Qty Held | Mar 2025 (Change %) | Mar 2025 (Holding %) | Dec 2024 (% Holding) |
|---|---|---|---|---|---|
| Canara Bank | 1,388.8 | 13,24,43,000 | New | 1.50% | – |
| Escorts Kubota | 602.2 | 17,08,388 | New | 1.50% | – |
| Geojit Fin Serv | 168.3 | 2,00,99,400 | New | 7.20% | – |
| Tata Motors | 3,429.7 | 4,77,70,260 | New | 1.30% | – |
| Wockhardt | 361.2 | 28,37,005 | New | 1.80% | – |
| Nazara Technologies | 771.7 | 61,83,620 | New | 7.10% | – |
| Titan Company | 16,408.3 | 4,57,93,470 | 4.1 | 5.20% | 1.10% |
| Jubilant Pharmova | 935.6 | 1,02,44,000 | 3.3 | 6.40% | 3.20% |
| Sundrop Brands | 150.4 | 18,61,759 | 1.4 | 4.90% | 3.50% |
| Jubilant Ingrevia | 325.8 | 4,735,500 | 1.4 | 3.00% | 1.60% |
| Indian Hotels Company | 2,200.4 | 2,88,10,965 | 1 | 2.00% | 1.00% |
| Federal Bank | 716.3 | 3,60,30,060 | 0.1 | 1.50% | 1.40% |
Fresh Buys: A Glimpse Into Her New Bets
- 1. Canara Bank – INR 1,388.8 Cr
- A major public sector bank, Canara Bank has shown resilience in recent quarters, aided by improving asset quality and robust loan growth. Rekha Jhunjhunwala’s INR 1,388 crore investment reflects bullish sentiment on India’s growing credit cycle and PSB reforms.
- 2. Escorts Kubota – INR 602.2 Cr
- This agri-machinery and construction equipment company is poised to benefit from rural demand recovery and infrastructure push. Kubota’s stake has added strategic heft, and Jhunjhunwala’s entry signals long-term conviction.
- 3. Geojit Financial Services – INR 168.3 Cr
- A prominent financial services firm catering to retail investors, Geojit offers broking, mutual fund distribution, and portfolio management. Her fresh 7.2% holding underscores confidence in India’s growing retail investing ecosystem.
- 4. Tata Motors – INR 3,429.7 Cr
- In one of the biggest moves of the quarter, Jhunjhunwala invested in Tata Motors, which continues to benefit from strong domestic sales, EV growth, and Jaguar Land Rover’s global recovery. With INR 3,429 crore invested, it’s a marquee addition to her portfolio.
- 5. Wockhardt – INR 361.2 Cr
- A pharma play with a global footprint, Wockhardt’s recent pipeline progress in complex generics and biologics could be behind this bet. The 1.8% stake indicates optimism around a turnaround.
- 6. Nazara Technologies – INR 771.7 Cr
- India’s premier gaming and sports media platform, Nazara has expanded rapidly across esports, gamified learning, and fantasy sports. Jhunjhunwala’s 7.1% stake signifies a high-conviction bet on India’s digital entertainment boom.
Stocks Where Stake Was Increased
- 1. Titan Company – INR 16,408.3 Cr
- An established name in jewellery, watches, and eyewear, Titan is a flagship Tata enterprise. While she already held a significant stake, fresh buying to shows her continued trust in the brand’s leadership and growth story.
- 2. Jubilant Pharmova – INR 935.6 Cr
- The healthcare company spans pharmaceuticals, contract research, and specialty chemicals. Renewed buying at a 6.4% holding reflects expectations of business normalization and growth.
- 3. Sundrop Brands – INR 150.4 Cr
- A leading food brand known for its edible oils and processed food products, the 4.9% stake represents a calculated consumer play amid inflation moderation.
- 4. Jubilant Ingrevia – INR 325.8 Cr
- A specialty chemicals and nutrition business, Ingrevia serves global markets. The increase to 3% comes at a time when chemical exports are stabilizing post global disruptions.
- 5. Indian Hotels Company – INR 2,200.4 Cr
- The Tata Group’s hospitality arm, IHCL, continues to thrive on travel rebound and premium positioning. With a 2% holding now, the increased stake aligns with optimism in tourism and leisure.
- 6. Federal Bank – INR 716.3 Cr
- A strong performer among mid-sized private banks, Federal Bank’s digital push and stable asset profile may have driven the increased exposure to 1.5%.
Rekha Jhunjhunwala Theme of Investment: Tilt Toward Domestic Consumption and Retail
Rekha Jhunjhunwala’s latest portfolio actions reveal a clear underlying theme: a pivot toward India’s domestic consumption story and the retail financial ecosystem.
Investments in Titan, Indian Hotels, Nazara, Geojit, and Canara Bank reflect bullishness on India’s rising middle class, retail investors, and digital entertainment. Simultaneously, plays in Tata Motors, Escorts, and Jubilant Group companies indicate focus on sectors benefiting from rural momentum, infrastructure spending, and pharma export tailwinds.
This shift marks a thoughtful recalibration from global cyclicals to India-centric structural growth.
📊 Sector Allocation: Rekha Jhunjhunwala’s Q4 FY25 Investment by Sector
- Consumer & Lifestyle (Titan Company, Nazara Technologies, Indian Hotels Company) ~69%
- Banking & Finance (Canara Bank, Federal Bank, Geojit Financial Services) ~9%
- Healthcare & Chemicals (Jubilant Pharmova, Jubilant Ingrevia, Wockhardt) ~7%
- Auto & Infra (Tata Motors, Escorts Kubota) ~13%
- FMCG (Sundrop Brands) ~2%
Conclusion
Rekha Jhunjhunwala’s new stocks in Q4 FY25 reflect both tactical plays and strategic positioning for long-term growth. Her combined investments in new and increased holdings indicate strong conviction in India’s structural growth, especially in consumption, finance, and innovation-driven businesses.
With market watchers tracking her every move, these stock additions are likely to garner significant attention and could influence broader investor sentiment. For more details related to IPO GMP, SEBI IPO Approval, and Live Subscription stay tuned to IPO Central.