Following are the three stocks that witnessed a decline in their share prices after Promoter and Foreign Institutional Investors (FIIs) sold their stake worth a total of Rs. 1,228.66 crore, through open market transactions on Tuesday, according to the bulk and block deals data available on the NSE and BSE.
One 97 Communications Limited
Share price of One 97 Communications Limited which owns the Paytm brand slumped 3.1 percent on BSE to hit an intraday low at Rs. 404.15 on Wednesday, having a market cap of Rs. 25,913.5 crore.
At 01:18 p.m., the stock was trading in the red at Rs. 406.95, down by 2.4 percent, as against its previous closing price of Rs. 417.1.
The foreign investor Marshall Wace Investment Strategies – Eureka Fund offloaded nearly 5.85 lakh equity shares in Paytm for nearly Rs. 25 crore at Rs. 425.05 apiece, while the shares sold by Marshall Wace were lapped up by BNP Paribas Financial Markets.
Further, Goldman Sachs Singapore PTE sold 44.20 lakh shares of Paytm on 18th June at Rs. 415.05 per share, amounting to a total value of Rs. 183.44 crore.
Paytm Payments Services Limited, the material subsidiary of One 97 Communications, is India’s leading mobile payments and financial services distribution company. Pioneer of the mobile QR payments revolution in India, Paytm builds technologies that help small businesses with payments and commerce.
Kalpataru Projects International Limited
Share price of a leading global infrastructure EPC company slumped nearly 2% on BSE to hit an intraday low at Rs. 1,143.4 on Wednesday, having a market cap of Rs. 18,857.6 crore.
At 12:44 p.m., the shares of Kalpataru Projects International Limited (KPIL) were trading in the red at Rs. 1,158.4, down by 0.6 percent, as against its previous closing price of Rs. 1,165.1.
As per the bulk deal data available with the BSE, Kalptaru Constructions Pvt Ltd offloaded 86.95 lakh equity shares worth Rs. 1,003.46 crore in Kalpataru Projects International, at an average price of Rs. 1,153.99 apiece.
According to the latest shareholding pattern, Kalpataru Constructions Pvt Ltd., a part of the Promoter Group, owns a 13.76 percent stake in the company.
However, on the buyers side, the foreign investor Custody Bank Of Japan Ltd RE RB Amundi India Small Cap Equity Mother Fund bought 9.1 lakh equity shares for Rs. 104.65 crore in the company, at an average price of Rs. 1,150 per share.
KPIL is one of the largest specialized EPC companies engaged in power Transmission & Distribution, buildings & factories, water supply & irrigation, railways, oil & gas pipelines, urban mobility (flyovers & metro rail), highways and airports.
Amber Enterprises India Limited
Share price of Amber Enterprises slumped 1.6 percent on BSE to hit an intraday low at Rs. 3,955.45 on Wednesday, having a market cap of Rs. 13,383.6 crore.
At 12:53 p.m., the shares of Amber Enterprises were trading in the red at Rs. 3,972.15, down by 1.15 percent, as against its previous closing price of Rs. 4,018.55.
As per the NSE’s bulk deal data available, the foreign investor Ascent Investment Holdings PTE. Limited sold 5 lakh equity shares worth nearly Rs. 200.2 crore in Amber Enterprises India, at an average price of Rs. 4,003.91 apiece.
The Amber Group, a diversified manufacturing major, operates across three business verticals spanning consumer durables, Electronics (EMS) and Railway subsystems and mobility. It is a market leader in Room Air Conditioners (RAC), RAC components and non-RAC components.
Written by Shivani Singh
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