{"id":111822,"date":"2023-10-13T16:01:50","date_gmt":"2023-10-13T10:31:50","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111822"},"modified":"2023-10-13T16:07:44","modified_gmt":"2023-10-13T10:37:44","slug":"midcap-stock-jumps-5-after-norges-bank-buys-32-76-lakh-shares-in-the-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/midcap-stock-jumps-5-after-norges-bank-buys-32-76-lakh-shares-in-the-company\/","title":{"rendered":"Midcap stock jumps 5% after Norges Bank buys 32.76 Lakh shares in the company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-42585140\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of one of the largest wealth management firms in India gained 5 percent after Foreign Institutional Investor Morgan Stanley sold stake via block deal.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3827452642\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 2:50 p.m the shares of 360 One Wam were trading at Rs. 537.70 up 5 percent from its previous day close price and the market capitalization of the company is 19,198 Cr.&nbsp;<\/p><p>As per the reports and the Bulk deals on NSE, the shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/360ONE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">360 One Wam<\/a><\/strong> previously known as IIFL Wealth &amp; Asset Management, changed hands on October 12,2023, as Morgan Stanley sold 24.42 lakh shares (0.68%) at Rs. 511.2 a piece and Norges Bank bought 32.76 lakh shares (0.91%) for Rs. 511.2 a piece.\u00a0<\/p><p>The company\u2019s revenue increased by 6.7 percent from 1,850.65 Cr in FY22 to 1,974.66 Cr in FY23, accompanied by increasing profits of 577.74 Cr to 657.89 Cr.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2976107527\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The company generated a return on equity (ROE) of 22.01 percent and a return on capital employed (ROCE) of 13.37 percent, this indicates that it is making good returns on its equity and decent returns on its capital employed.&nbsp;<\/p><p>According to the latest shareholding data available for the June 2023 quarter, the company\u2019s Promoters hold 21.46 percent stake, the Domestic Institutional Investors hold 3.78 percent and the Foreign Institutional Investors (FII) hold 63.93 percent.&nbsp;<\/p><p>360 One Wam previously known as IIFL Wealth &amp; Asset Management is one of the largest private wealth management firms in India that offers wealth management products and services such as financial product distribution, advisory services, equity and debt broking, real estate services and investment services etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2205761566\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of one of the largest wealth management firms in India gained 5 percent after Foreign Institutional Investor Morgan Stanley sold stake via block deal.&nbsp; At 2:50 p.m the shares of 360 One Wam were trading at Rs. 537.70 up 5 percent from its previous day close price and the market capitalization of the company [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13571,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[13213,6297,6296,948,936],"class_list":["post-111822","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-360-one-wam-bulk-deal","tag-360-one-wam-latest-news","tag-360-one-wam-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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