Today, Tuesday, August 6, Indian benchmark indices closed with slight losses in a highly volatile session. Nifty fell below 24,000. At the close of trade, the Sensex fell 166.33 points or 0.21 percent to 78,593.07. Nifty was seen falling 63.05 points or 0.26 percent at 23,992.55.
Here are the stocks that jumped 7% after Smallcap World Fund, Quant Mutual Fund, and Plutus Wealth Management LLP bought stakes via bulk deal;
AAVAS Financiers Ltd
Aavas Financiers Limited is an Indian house finance firm. The company offers housing loans to consumers with low and moderate incomes in semi-urban and rural locations. The company offers house loans, plot and home building loans, and home improvement loans.
With a market capitalization of Rs 12,862.58 crore, the shares closed at Rs 1,625.30 per share, increased around 2 percent compared to the previous closing price.
On August 5, 2024, Smallcap World Fund INC (FII) bought 5.01 equity shares which is equivalent to 0.63 percent in AAVAS Financiers Ltd at an average price of Rs 1,630 apiece. The value of this transaction is Rs 81.6 crore
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Bajaj Consumer Care Ltd
Bajaj Consumer Care Limited is an Indian fast-moving consumer products firm. The company manufactures and markets personal care goods, including cosmetics and toiletries. The Company is present in both domestic and foreign markets.
With a market capitalization of Rs 3,731.42 crore, the shares closed at Rs 271.75 per share, increased around 7 percent compared to the previous closing price.
As of June 2024, Goldman Sachs holds 41,07,928 equity shares which is equivalent to 2.88 percent in Bajaj Consumer Care Ltd, however, Goldman Sachs sold 24,18,186 equity shares, representing 1.69% in the company at an average price of Rs 256.02 apiece.
Meanwhile, Quant Mutual Fund (DII) has bought 27,00,000 equity shares which is equivalent to a 1.89 percent stake in the company at an average price of Rs 256 per share.
Huhtamaki India Ltd
Huhtamaki is India’s leading manufacturer and provider of packaging and labeling solutions that are sustainable, flexible, and creative. It is the leading maker of completed flexible packaging by volume in Africa, India, and Asia Pacific, except Japan.
With a market capitalization of Rs 3,129.25 crore, the shares closed at Rs 414.35 per share, increased around 4 percent compared to the previous closing price.
On August 5, 2024, Plutus Wealth Management LLP (FII) bought 5,00,000 equity shares which represent 0.66 percent stake in the company at an average price of Rs 416.49 per share. The value of this transaction is Rs 20.8 crore.
Written by:- Abhishek Singh
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