By the close, the Sensex had risen by 67.50 points or 0.08 percent to 81,779.26, while the Nifty climbed 27.50 points or 0.11 percent to 25,045.30. The market saw 1,726 stocks advance, 2,049 declines, and 85 remain unchanged.
Here are the stocks that jumped up to 9% after FII’s bought stake in this company:
Tata Technologies Ltd
Tata Technologies Limited provides product development and digital solutions to OEMs and Tier-1 suppliers, with a focus on engineering services and digital transformation. They help multinational manufacturers conceptualize, design, develop, and deliver exceptional products using outsourced skills.
With a market capitalization of Rs 44,548.49 crore, the shares closed at Rs 1,097.30 per share, increased around 1.4 percent as compared to the previous closing price.
According to the Bse deal, Ghisallo Master Fund LP and Copthall Mauritius Investment, an FII bought a 71.33 lakh equity share, representing a 1.76% stake in Tata Technologies at an average price of Rs 1,013 per share. However, TPG Rise Climate SF Pte sold 1.2 crore, equivalent to a 2.99% stake in the company at an average price of Rs 1,014.16 per share.
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Examining the company’s financial performance, revenue increased by 1 percent from Rs 1,258 crore in Q1FY24 to Rs 1,269 in Q1FY25, during the same time frame, net profit fell 15 percent from Rs 192 crore to Rs 162 crore.
Orient Ceratech Ltd
Orient Ceratech Limited provides a variety of refractory and monolithic materials for iron and steel. The Company’s production facilities are in Porbandar, Gujarat. The plant’s installed capacity for fused aluminum oxide grains is 21,000 megatons (MT), while that for calcined products is 74,250 MT.
With a market capitalization of Rs 688.05 crore, the shares close at Rs 57.51 per share, increased around 9 percent as compared to the previous closing price.
According to the Nse deal, Legends Global Opportunities Pte Ltd, FII bought 34,95,000 equity shares which is equivalent to 2.9 percent of the company, at an average price of Rs 54.14 apiece, however, The Great International Tusker Fund, an FII sold 34,95,000 equity shares which is equivalent to 2.9 percent of the company, at an average price of Rs 54.13 apiece.
Examining the company’s financial performance, revenue increased by 44 percent from Rs 69.12 crore in Q1FY24 to Rs 99.78 in Q1FY25, during the same time frame, net profit fell 37 percent from Rs 4.18 crore to Rs 2.60 crore.
Written by:- Abhishek Singh
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