There is news about the promoter's stake in Adani Green Energy and KPR Mill, due to which further action can be seen in the stock. The promoter of Adani Green has bought a stake in the company. At the same time, the promoter has sold a stake in textile products company KPR Mill. Both stocks have seen a decline in Wednesday's trading. Adani Green has closed with a slight decline, while KPR Mill has fallen by about one percent.
According to the information received from Adani Green , promoters Hibiscus Trade and Ardour Invst Holding have bought 2.96 percent stake in the company. Hibiscus Trade & Invst bought 2.01 Cr shares in the company between 30 July and 18 September, which is equal to 1.27 percent equity. At the same time, Ardour Invst Holding bought 2.67 crore shares in the company between 19 September and 23 September, which is equal to 1.69 percent equity. The stock closed at 2066.9 with a decline of 0.11 percent in Wednesday's trading. A year ago, the stock was close to one thousand level, which means the stock has given a return of 100 percent during this period. KPR Mill promoter K P Ramaswami has sold shares worth Rs 971.4 crore in the company. K P Ramaswami has sold 1.05 crore shares in the company at a price of Rs 925.12 per share, which is equal to 3.1 percent equity. SBI MF has bought 97.4 lakh shares at a price of Rs 925 per share. The stock closed at 1002.75 on Wednesday with a decline of 0.82 percent. A year ago the stock was close to the level of 750. A sharp rise was seen in the stock in the month of September. During this period the stock has increased by 19 percent. (Disclaimer: The advice or views given on CNBC TV18 Hindi / CNBC Awaaz are the personal views of the expert, brokerage firm, the website or management is not responsible for it. Before investing, please consult your financial advisor or certified expert.)
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