Rekha Jhunjhunwala picks 2% stake in smallcap pharma stock

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Investor Rekha Jhunjhunwala, wife of ace late investor Rakesh Jhunjhunwala, picked a stake in smallcap in the December quarter. As per the latest shareholding data filed by the company, the investor at the end of the December quarter held 62,92,134 equity shares or 1.94% stake in the firm.

The latest corporate shareholdings filed suggest that Jhunjhunwala publicly holds 21 stocks with an estimated net worth of over Rs 20,097.7 crore.

In the December quarter of 2022, she also added stakes in counters such as

, , and . Other stocks in her portfolio include , , , , , Star Health and .

Sun Pharma Advanced Research Company is an underperforming stock with a negative return of 35% in the last one year. The stock in the past six months has generated a negative return of 5%.

At 10.50 am, the stock was trading 1.3% higher at Rs 209.6. Meanwhile, the stock is up 22% from its 52-week low. The stock’s 52-week low and high prices are Rs 172.45 and Rs 348.75 per share, respectively.

Technically, the stock is trading below 5 out of 8 SMAs (Simple Moving Average). The stock is trading below 30-day, 50-day, 100-day, 150-day and 200-day moving averages but is above 5-day, 10-day and 20-day moving averages.

After the decline in FII shareholding seen for the last few quarters in the counter, there has been an increase in FII stake to 3.54% during the December quarter from 2.38% in the September quarter.Sun Pharma Advanced Research Company (SPARC) is a clinical-stage bio-pharmaceutical company focused on continuously improving standards of care for patients globally, through innovation in therapeutics and delivery. SPARC was formed in 2007 following its demerger from Sun Pharma, a global leader in speciality generics.

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