{"id":80837,"date":"2023-01-02T16:10:00","date_gmt":"2023-01-02T10:40:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=80837"},"modified":"2023-01-02T15:45:04","modified_gmt":"2023-01-02T10:15:04","slug":"bulk-deal-three-fiis-sell-a-stake-in-this-newly-listed-stock-after-a-weak-debut","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/bulk-deal-three-fiis-sell-a-stake-in-this-newly-listed-stock-after-a-weak-debut\/","title":{"rendered":"Bulk Deal: Three FIIs sell a stake in this newly listed stock, after a weak debut"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-750646547\"><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>The shares of newly listed Elin Electronics Ltd tumbled 4.37% on Monday after three FIIs\u2014 Morgan Stanley Asia (Singapore) Pte, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale and Copthall Mauritius Investment Fund sold some of their shares in bulk deals executed on December 30, 2022.\u00a0<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4050382878\"><!-- 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>Elin Electronics is a leading electronics manufacturing services (&#8220;EMS&#8221;) provider. It manufactures end-to-end product solutions for major brands of lighting, fans, and small\/ kitchen appliances in India, and is one of the largest fractional horsepower motors manufacturers in India.&nbsp;<\/p><p>Its shares had a powerless debut on the bourses on December 30, 2022, tracking a downtrend in the markets. The stock opened at \u20b9 244.00 apiece on the National Stock Exchange (NSE) and at \u20b9 243.00 apiece on the Bombay Stock Exchange (BSE) and failed to touch its issue price of \u20b9 247 throughout the session. On Monday at 02:53 PM, its shares were quoting at \u20b9 223.25 apiece.&nbsp;<\/p><p>According to data available on the National Stock Exchange (NSE), Morgan Stanley Asia (Singapore) Pte sold 5,00,000 shares of the company, at an average price of \u20b9 231.97, taking the transaction value to more than \u20b9 11,59,85,000 (\u20b9 11.59 crores).&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-4087372024\"><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>Soci\u00e9t\u00e9 G\u00e9n\u00e9rale sold 3,37,897 shares at an average price of \u20b9 234.27, taking the transaction value to \u20b9 7,91,59,130 (\u20b9 7.91 crores).&nbsp;<\/p><p>Copthall Mauritius Investment Fund sold 5,42,828 shares at an average price of \u20b9 231.42, taking the transaction value to \u20b9 12,56,21,255 (\u20b9 12.56 crores).&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Simran Bafna\u00a0<\/strong><\/p><\/blockquote><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. 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-995581167\"><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>The shares of newly listed Elin Electronics Ltd tumbled 4.37% on Monday after three FIIs\u2014 Morgan Stanley Asia (Singapore) Pte, Soci\u00e9t\u00e9 G\u00e9n\u00e9rale and Copthall Mauritius Investment Fund sold some of their shares in bulk deals executed on December 30, 2022.\u00a0 Elin Electronics is a leading electronics manufacturing services (&#8220;EMS&#8221;) provider. It manufactures end-to-end product solutions [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":50355,"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":[5022,5382,4500,948,5385,936,3153,3157,5373,2597,5384,5383],"class_list":["post-80837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-bulk-deal","tag-fii-sell","tag-fii-stocks","tag-stock-market","tag-stock-market-2023","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stock-to-watch-in-2023","tag-stocks-to-watch","tag-tech-stock","tag-weak-debut-stocks"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bulk Deal: Three FIIs sell a stake in this newly listed stock, after a weak debut - 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