February 22, 2024

Axis Securities purchased a Rs 4.46 crore or 1.49 p.c stake in TRF, the producer of fabric dealing with equipments.

On the final day of the primary buying and selling week of 2024, Overseas Portfolio Traders lower their stake in Swan Vitality and RBZ Jewellers, whereas Axis Securities picked up a stake in TRF.

The entire worth of the sale is Rs 157.21 crore. As of September 2023, the fund held 48.44 lakh shares within the firm. The inventory of Swan Vitality rose 7.48 p.c to Rs 563.6 within the buying and selling session.

Story continues under Commercial

BNP Paribas Arbitrage Fund is one other FPI that lowered their stake in an organization. The fund bought 1 p.c or 4 lakh shares of RBZ Jewellers at Rs 5.83 crore. The sale occurred at Rs 145.97 per share. The arbitrage fund beforehand held 5.95 lakh shares or a 1.49 p.c stake in RBZ Jewellers. In the meantime, within the exchanges, shares of RBZ Jewellers surged 5 p.c and acquired locked within the higher circuit for intraday buying and selling at Rs 146.75.

Amid these promoting actions, Axis Securities purchased a Rs 4.46 crore or 1.49 p.c stake in TRF, the producer of fabric dealing with equipments. Axis Securities picked up 1.65 lakh shares at a mean worth of Rs 270.38. The TRF inventory rallied 10.81 p.c to Rs 278.9 within the bourses.