On December 6, The Royal Bank of Scotland Plc, acting as Trustee for Jupiter India Fund, sold a 0.5% stake in Himatsingka Seide at an average price of Rs 195.22 per share. This transaction, valued at Rs 13.48 crore, reduced the fund’s stake, which stood at 5.01% as of October 2024. Despite the sale, shares of Himatsingka Seide closed 0.5% higher.
Cybertech Systems & Software saw activity as Rational Equity Flagship Fund I sold a 0.5% stake at an average price of Rs 224.05 per share, generating Rs 3.6 crore. The stock gained 2% following the transaction.
Pranik Logistics shares fell 5.5% on the NSE as Pine Oak Global Fund offloaded a 0.58% stake at an average price of Rs 89.66 per share. Meanwhile, Moneyplant Gold & Jewellery Trading LLC purchased 0.7% of shares at Rs 90.53 per share, highlighting contrasting strategies.
GSS Infotech: Pluto Mines and Minerals LLP sold 0.76% stake at an average price of Rs 75 per share, aggregating Rs 1.5 crore. The stock jumped 10% to close at Rs 74.71.
Its promoters also enthusiastically participated in the recently concluded rights issue of the company. The promoters of the UPL, Jaidev Rajnikant Shroff and Vikram Rajnikant Shroff lapped up an additional 10.2 lakh shares and 13.8 lakh shares, respectively in the last quarter at an average price of Rs 190.48 and Rs 193.26 a piece.
Various institutional investors too evinced interest in the rights issue of UPL. While HDFC Mutual Fund picked up 5 lakh shares at Rs 194.97, the Tara Emerging Asia Liquid Fund acquired 6.19 lakh shares at Rs 191.57 per share. Flexshares Morningstar Global Upstream Natural Resources Index Fund and Alliance Capital Group Trust sold 7.01 lakh and 5.83 lakh shares, respectively, at around Rs 191.75 per share.
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Source: Moneycontrol
News Desk
