Synopsis: On July 8, Elgi Equipments and India Shelter Finance experienced strong market interest after bulk transactions. Stock gains were fueled by the investment of Rs. 385.3 crores in India Shelter by Kotak Mutual Fund and a Rs. 96.5 crore investment in Elgi by SBI Mutual Fund.
The two stocks listed below saw notable price movements during Wednesday trading session after large bulk deal transactions were completed on the stock exchanges on July 8. These variations show how the market and investors felt about the significant buying and selling that took place during that time.
India Shelter Finance Corporation
With a market cap of Rs. 9,629 Crores, the stock is currently trading at Rs. 896, up by 1.88 percent from its previous close price of Rs. 897.35 As per the latest bulk deal on NSE, Nexus Opportunity Fund II Ltd, has sold ~13.3 lakh shares of ISFC worth ~Rs. 113 crores at an average price of Rs.850.85 and Nexus Ventures III Ltd has also sold ~36.7 lakh shares of ISFC worth ~Rs. 312.4 crores at an average price of Rs.850.88.
Further, Kotak Mahindra Mutual Fund has bought ~45.3 lakh shares of India shelter finance corporation ltd worth ~Rs. 385.3 Crores at an average price of Rs. 850.87.
India Shelter Finance Corporation is an affordable housing finance company specialized in offering home loans and loans secured by real estate for low- and middle-income clients, particularly in Tier 2 and Tier 3 cities. It maintains a loan portfolio with an average ticket size of about ₹10 lakhs and has a strong presence throughout 15 states and 266 branches in India. Through customized housing finance solutions, the company supports first-time homebuyers and places a strong emphasis on financial inclusion.
Elgi Equipments Ltd
With a market cap of Rs. 17,677 Crores, the stock is currently trading at Rs. 559, up by 4.7 percent from its previous close price of Rs. 534.10 As per the bulk deal on BSE, SBI Mutual Fund has bought ~18.2 lakh shares worth of ~Rs. 96.5 crores at an average price of Rs. 532.
With almost 64 years of experience, ELGi Equipments is a world leader in environmentally friendly compressed air solutions. With an emphasis on client-centric, effective, and economical solutions, the company designs and produces a broad range of innovative and advanced air compressors for various industrial applications. ELGi’s operations and relationships with stakeholders are guided by its core values, which include innovation, sensitivity, quality, speed, collaboration, integrity, and cost prudence.
Written by Akshay Sanghavi
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