Counter Cyclical raises Harshdeep Hortico stake to 5.16% via open market buy
- Counter Cyclical Investments bought 21,000 shares of Harshdeep Hortico in the open market
- Total stake rose from 5.03% to 5.16%, equating to 831,000 shares
- Transaction disclosed under SEBI SAST Regulation 29(2) on August 24, 2026
- Acquirer is not part of the promoter group of Harshdeep Hortico
*this image is generated using AI for illustrative purposes only.
Counter Cyclical Investments Private Limited has increased its stake in Harshdeep Hortico to 5.16% following an open market purchase of 21,000 shares on August 20, 2026. The acquisition brings the portfolio manager’s total holding to 831,000 shares.
The transaction was disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. Counter Cyclical Investments acted as the portfolio manager for its clients, who are persons acting in concert (PAC). The acquirer is not part of the promoter group of Harshdeep Hortico Limited.
Acquisition Details
The shareholding pattern changed from 5.03% prior to the transaction to 5.16% post-acquisition. The total equity share capital of Harshdeep Hortico remained unchanged at 16,094,060 shares during this period. There were no encumbrances, warrants, or convertible securities involved in the acquisition.
| Metric | Before Acquisition | Change | After Acquisition |
|---|---|---|---|
| Shares Held | 810,000 | +21,000 | 831,000 |
| Stake Percentage | 5.03% | +0.13% | 5.16% |
| Voting Rights | 5.03% | +0.13% | 5.16% |
The disclosure was signed by Parminder Pal Singh Bhatia, Director of Counter Cyclical Investments Private Limited, and submitted to both the company and BSE Limited on August 24, 2026.
Historical Stock Returns for Harshdeep Hortico
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.94% | -0.29% | -0.60% | -11.00% | -23.11% | +27.82% |
What is the strategic rationale behind Counter Cyclical Investments increasing its stake in Harshdeep Hortico despite the modest 0.13% increase?
How might this accumulation by a non-promoter portfolio manager influence retail investor sentiment and short-term trading volume for Harshdeep Hortico?
Given the current holding of 5.16%, is there a possibility that Counter Cyclical Investments plans to cross the 5% threshold triggers again or move towards a higher disclosure bracket?
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