Canara Bank stock: Rekha Rakesh Jhunjhunwala, wife of late investor Rakesh Jhunjhunwala, held 37,597,600 shares or 2.04 per cent in the public sector lender as on September 30. She has kept her stake unchanged in the bank for the last three quarters.
Earnings before investment, tax, depreciation, and amortisation (EBITDA) for the quarter jumped 44% YoY to Rs 59 crore in Q2 FY24 as compared to Rs 41 crore in Q2 FY23.
Analysts tracking the counter expect a double-digit growth in net interest income (NIIs) on a year-on-year (YoY) basis, while sequential performance (QoQ) may remain subdued.
Shares of Kolkata-based smallcap Jai Balaji Industries, which manufactures iron and steel products like TMT bars, are up 475% to top the multibagger list. Similarly, shares of another smallcap GVK Power & Infrastructure are up 300% so far in Q2 following a 50% rally in just two weeks.
Rekha Jhunjhunwala's biggest holding Titan Company delivered 26.51 per cent return against a 7.83 per cent rise in the 30-pack index. Motilal Oswal said the Tata group firm has a strong earnings growth visibility.