Synopsis:
Mutual funds have recently acquired stakes in Healthcare Global Enterprises Ltd. and V-Guard Industries Ltd. in bulk transactions, indicating strong institutional interest.
When mutual funds buy stakes through bulk deals, it shows growing confidence in the companies they invest in. Such deals often highlight businesses with strong potential and bring them into the spotlight, as they reflect the interest of large institutional investors and can influence market sentiment.
Below are 2 stocks in which Mutual Fund recently purchased stake
1. Healthcare Global Enterprises Ltd
Healthcare Global Enterprises Ltd., headquartered in Bangalore, is India’s leading hospital chain, specializing in cancer care, tertiary care, infertility treatment, and advanced diagnostics. With over 450 specialists, the company is dedicated to providing patient-centered and personalized healthcare.
With a market capitalization of Rs. 9,599.5 crore, Healthcare Global Enterprises Ltd is trading at Rs. 688.55, up by 0.91 percent from its previous close of Rs. 682.35. The stock touched an intraday high of Rs. 690.75 in today’s trading session gaining 1.23 percent from previous close.
As per the latest bulk deal on BSE, Axis Mutual Fund, has acquired 13.92 lakh shares of Healthcare Global Enterprises Ltd worth ~Rs. 91.87 crore at an average price of Rs. 660. This transaction represents a 1 percent stake in the company, with promoter Basavalinga Sadasivaiah Ajaikumar selling the same.
2. V-Guard Industries Ltd
V-Guard Industries Ltd., founded in 1977, is a leading Indian manufacturer of electronics, electricals, and consumer durables. Initially known for voltage stabilizers in South India, it has since expanded into a diverse range of innovative products across the country, driven by a commitment to improving consumer’s lives and building a stronger future.
V-Guard Industries Ltd with market capitalization of Rs. 16,247.50 crore, is trading at Rs. 372.65, up by 0.6 percent from previous close price of Rs. 370.45 per equity share. The stock touched an intraday high of Rs. 381.55 in today’s trading session gaining 3 percent from previous close.
As per the latest bulk deal on BSE, ICICI Prudential Mutual Fund, has acquired 41.51 lakh shares of V-Guard Industries Ltd worth ~Rs. 153.60 crore at an average price of Rs. 370. This transaction represents a 0.95 percent stake in the company, with promoter Chittilappilly Thomas Kochuouseph selling the same.
Written by Akshay Sanghavi
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