Rekha Jhunjhunwala sells 1 crore Canara Bank shares in Q1. What's behind the move?

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AI summary

Rekha Jhunjhunwala trimmed her stake in Canara Bank by 1 crore shares in Q1 FY27, bringing her holding from 1.54% (13.99 crore shares) to 1.42% (12.92 crore shares). The sale comes amid an over 18% decline in Canara Bank shares in 2026 so far, against the backdrop of a 10% YoY drop in Q4 FY26 net profit to Rs 4,506 crore, although NII rose 4% to Rs 9,808 crore.