Rekha Jhunjhunwala ups stake in these stocks, reduces exposure in Federal Bank

On Monday, the company's shares closed 2.21% higher at ₹166.25 on the NSE. So far this year, the stock has gained nearly 80%.

Rekha Jhunjhunwala has also increased her holding in Fortis Healthcare by 20 basis points to 4.66% during the September 2023 quarter. She helf a 4.46% stake in the company as of June-end.

She had started investing in Fortis Healthcare since September 2017.

The stock settled at ₹326.40 apiece on the NSE, up 0.42% today. On a year-to-date basis, Fortis Healthcare shares have rallied 16%.

Fortis Healthcare has an average target of ₹365, as per Trendlyne data. The consensus estimate represents an upside of 11.65% from the last price of ₹326.90.

In another update from the investor's portfolio, the stock picker has trimmed her stake in private sector lender Federal Bank.

Rekha Jhunjhunwala held a 2.30% stake in Federal Bank as on June 2023. She has decreased her holdings in the bank stock to 2.01% as of October 11, 2023, data from Trendlyne showed.

The average target price of the stock is ₹172.43, which implies an upside of 22.38% from the last price of ₹140.90.

After the death of Rakesh Jhunjhunwala, his portfolio was transferred to wife Rekha Jhunjhunwala. She currently holds 25 stocks with a net worth of over ₹33,984.2 crore. Some of the other marquee names in the portfolio include Tata Motors, Canara Bank, Titan, among others.