HDFC Mutual Fund is one of the most successful fund houses in India. We have recently come across news of it silently acquiring stake in a small cap in India. HDFC Mutual Fund has acquired 2,96,300 Shares in the company at a weighted average price of Rs. 455.00 yesterday.
Please watch the video to know the name of the company and the various details about it.
Having watched the video however it is imperative to mention that fund interest in the company is not a guarantee of future appreciation in the stock price of a company. One must tread with extreme caution while taking action on stocks where there has been recent fund action. This is because with such a large chunk of shares, any sort of liquidation on their part may send the stock tumbling down. The general public would only come to know of the information post the event happening, by which time the stock price would have substantially depreciated. Hence, please exercise extreme caution and consult your financial advisor prior to taking any action on any of the information presented herewith.
Standard Disclaimer :: The information in this article has been compiled from freely available information on the internet. None of the stocks mentioned here should be considered as recommendations to buy and one must carry out his/her own research prior to acting on any of the information presented here. The writer holds some shares in the company at IPO prices.
Subscribe to PIE
Get the latest posts delivered right to your inbox.
Professor Sanjay Bakshi is a well known value investor in India. He wears many hats, and is a Professor at MDI Gurgaon, besides being a managing partner at Value Quest Capital. He has
Porinju Veliyath is one of the most successful stock investors in India. Here in this article we present the stock ideas shared by Porinju Veliyath on the occasion of Diwali. Please go through