Rekha Jhunjhunwala's portfolio multibagger stock: Ace Investor increases its stake in this telecom company; is it in your portfolio?

The stock gave multibagger returns of 150 per cent in just 3 years with a PE of 25.50x and a ROE of 142 per cent

Ace investor Rekha Jhunjhunwala, wife of Late Rakesh Jhunjhunwala has raised her stake in this Tata Group stock during the June quarter.  As per the latest shareholding data obtained from the exchanges, Rekha Jhunjhunwala has acquired an additional 1.34 lakh shares in Tata Communications Ltd, resulting in a 0.05 per cent increase in her total holding, bringing it to 1.84 per cent.

On Friday, shares of Tata Communications Ltd surged 0.90 per cent to Rs 1,549.85 per share from its previous closing of Rs 1,536.05. The stock traded at an intraday day high of Rs 1,566.85 and an intraday low of Rs 1,526.35. The shares of the company saw a spurt in volume by more than 2.80 times on BSE.

Tata Communications Limited is a Tata Group company which provides telecommunications services. The Company provides international telephone, telex and telegraphy services, international maritime mobile communications, INTELSAT business service and bureau fax and t-fax services. Tata Communications also provides internet access, electronic mail and electronic data interchange services.

Talking about the financials, Tata Communications has a market cap of over Rs 44,000 crore with a 1-year CAGR of 60 per cent. The company reported excellent numbers in its Quarterly Results and annual results. Additionally, the company has been maintaining a healthy dividend payout of 35 per cent with a dividend yield of 1.40 per cent.

The shares of the company have a PE of 25.50x and a ROE of 142 per cent. The stock gave multibagger returns of 150 per cent in just 3 years and over 1,300 per cent returns in 1 decade. Investors should keep an eye on this Large-Cap stock.