Kela acquired over 5.15 crore shares in Indiabulls, representing a 2.22% stake.
Indiabulls, Rs. A smallcap company with a market capitalization of Rs 2,810 crore, operates in real estate and financial services.
The stock ended on a positive note on Friday, rising 11.47% on the BSE to Rs. Closed at 12.15. Despite the sharp rally, it remains down 18% over the past year and continues to trade below its 200-day moving average, although it has moved above its 50-day moving average – showing early signs of recovery.
In a similar move, it bought a 1.21% stake in Simplex Infrastructures. It is a diversified company established in 1924 and delivers projects in several sectors like transport, energy and power, mining, buildings, marine and real estate etc.
Its stock rose 6.12% to Rs. To close at 192.35, even though it has fallen 36% in the past year, the BSE significantly underperformed the broader markets such as the Sensex and the Nifty 50, which have returned modest returns of 5% and 7%, respectively.
According to the trendline in Banana’s portfolio Rs. There are 17 stocks with a net worth of over 2,188 crores. Recent purchases highlight selective accumulation in beat-down names.
Among its other bets are Coperan, SG Finserv, MKVentures Capital, Pratap Snacks, Bombay Dyeing, MK Global and Repro, Trendline data revealed.
Kela’s biggest stake is Choice International with a holding value of Rs. 1,127 crores. Mkventures Capital and Prataap Snacks respectively Rs. 267 crore and Rs. 109 crore with a holding value of Rs.
Also Read: Big whale Ashish Kacholia increases stake in smallcap market outperformers SG Finserv, Aeroflex in Q4
(disclaimer: Recommendations, suggestions, opinions and views given by experts are their own. (These do not represent the views of the Economic Times.)
As a trusted and reliable news source
Add now!
(You can now subscribe to our ETMarkets WhatsApp channel)