Indian benchmark indices extended gains in early trade on Tuesday, tracking a global relief rally after U.S. President Donald Trump announced a ceasefire agreement between Iran and Israel. At 10:50 a.m., the BSE Sensex was up 788 points at 82,685.23, while the NSE Nifty rose 221.30 points to 25,192.75.
Here are the stocks plummeted up to 5% after Promoter sold stake in the company:-
1. Hilton Metal Forging
Hilton Metal Forging Limited is an India-based manufacturer of forged engineering components. The Company is engaged in manufacturing steel forgings, flanges, and forged fittings for the oil and gas industry, the petrochemicals industry, and the refineries industry.
With a market capitalization of Rs 161.37 crore, the shares were trading at Rs 68.96 per share, decreasing around 5 percent as compared to the previous closing price.
According to the filing, Promoter Yuvraj Hiralal Malhotra has sold 14.01 lakh shares in Hilton Metal Forging at an average price of Rs 73.4 per share, and 5.07 lakh shares at an average price of Rs 74.99 per share, which is totalled to 19.08 lakh shares (or 8.15 percent stake) valued at Rs 14.1 crore. However, as of March 2025 Yuvraj Hiralal Malhotra owns 58,37,559 equity shares, which represent 24.95 percent in the company.
2. Kerala Ayurveda
Kerala Ayurveda Limited is an India-based company. The Company is primarily focused on the area of manufacture of Ayurveda products, Ayurveda Research, Academies, Clinics, Hospitals, Ayurvedic Wellness Resorts and Services, cultivation of Ayurveda herbs, and maintaining a herbarium of medicinal plants.
With a market capitalization of Rs 606.44 crore, the shares were trading at Rs 504.00 per share, decreasing around 1.50 percent as compared to the previous closing price.
According to the filing, Promoter Katra Holdings has offloaded 23 lakh shares (18.28 percent stake approx) in Kerala Ayurveda at an average price of Rs 427 per share, amounting to Rs 98.21 crore.
However, Trishakti Power Holdings, Nimish Chandulal Shah, Aamara Capital, Bharat Jayakrishna Taparia, Setu Securities, Santosh Industries, Riddisiddhi Bullions, Bhatia Suresh, and Virendra Prakash Ranka are the buyers for those 23 lakh shares. However, Katra Holdings owns 64,93,435 equity shares, which represent 53.97 percent in the company as of March 2025.
Written by Abhishek Singh
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