NewsOrders & DealsPorinju's Equity Intelligence buys 1.2% stake in RK Swamy, Nippon India picks additional 3.8% stake in Landmark CarsPorinju's Equity Intelligence buys 1.2% stake in RK Swamy, Nippon India picks additional 3.8% stake in Landmark Cars
On January 22, Porinju Veliyath's Equity Intelligence India acquired 1.23% stake in RK Swamy for ₹6.55 crores, triggering a 6.69% surge in the marketing services provider's shares. Nippon India Small Cap Fund increased its Landmark Cars holding by purchasing an additional 3.8% stake worth ₹57.4 crores, while Goldman Sachs exited entirely with a ₹49.65 crore sale. BNP Paribas acquired 0.76% stake in Bajaj Consumer Care for ₹28.31 crores, contributing to a 20% rally in the stock.
*this image is generated using AI for illustrative purposes only.
Several significant bulk deals were executed on January 22, with prominent investor Porinju Veliyath's fund making a notable acquisition in the marketing services sector. Equity Intelligence India, the fund management company promoted by the well-known investor, acquired a substantial stake in RK Swamy, while major institutional movements were observed in the automotive retail space.
RK Swamy Stake Acquisition
Equity Intelligence India purchased 6.25 lakh shares in RK Swamy, equivalent to a 1.23% stake in the marketing services provider. The transaction details are outlined below:
| Parameter: | Details |
|---|---|
| Shares Acquired: | 6.25 lakh shares |
| Stake Percentage: | 1.23% of paid-up equity |
| Purchase Price: | ₹104.92 per share |
| Total Value: | ₹6.55 crores |
The acquisition appeared to have a positive impact on RK Swamy's stock performance, with shares rising 6.69% to ₹104.93 amid high trading volumes on Thursday. This surge came particularly after the stock had hit an all-time low in the previous session.
Landmark Cars Institutional Activity
Landmark Cars, the premium automotive retailer, witnessed significant institutional activity despite the stock reaching an all-time closing low of ₹361.15, declining 2.05% and extending its downtrend for the sixth consecutive session.
Major Transactions in Landmark Cars:
| Institution: | Action | Shares | Stake % | Price per Share | Total Value |
|---|---|---|---|---|---|
| Nippon India Small Cap Fund | Bought | 15.9 lakh | 3.8% | ₹361.00 | ₹57.4 crores |
| Goldman Sachs India Equity Portfolio | Sold (Exit) | 13.75 lakh | 3.32% | ₹361.00 | ₹49.65 crores |
| Polar Capital Funds - Asian Stars Fund | Sold | 4.69 lakh | 1.13% | ₹370.12 avg | ₹17.41 crores |
Nippon India Small Cap Fund's purchase represents an additional stake, as the fund already held 3.64% in the company as of December 2024. Goldman Sachs completely exited its position, while Polar Capital reduced its holding from 1.33% as of December 2024.
Other Notable Bulk Deals
Bajaj Consumer Care
Bajaj Consumer Care experienced significant buying interest, with shares rallying 20% to finish at ₹296.90 amid high volumes after more than two months of consolidation.
| Parameter: | Details |
|---|---|
| Buyer: | BNP Paribas Financial Markets |
| Shares Purchased: | 10.02 lakh shares |
| Stake Acquired: | 0.76% |
| Purchase Price: | ₹282.46 per share |
| Transaction Value: | ₹28.31 crores |
Gretex Corporate Services
Gretex Corporate Services saw promoter selling despite the stock rising 3.34% to ₹297.35 after a three-day losing streak. The stock formed a Tweezer Bottom candlestick pattern, typically considered a bullish reversal signal.
Promoter Sale Details:
- Talent Investment Company sold 2.99 lakh shares totaling 1.32% stake
- Sale executed at prices of ₹300.60 and ₹300.86 per share
- Total transaction value: ₹9.02 crores
Market Impact
The bulk deals on January 22 reflected varied institutional sentiment across different sectors. While marketing services and consumer goods attracted fresh investments, the automotive retail sector witnessed mixed activity with both buying and selling pressure from major institutional players.
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