Morgan Stanley bought nearly 30 lakh shares in smallcap Aptus Value Housing worth Rs 92 crore. Another buyer was Luxembourg-based East Bridge Capital Master Fund which bought over 42 lakh shares worth Rs 129 crore.
SBI Mutual Fund bought 70.66 lakh shares at a cost of Rs 217 crore while Axis Mutual Fund bought 25 lakh equity shares at a price consideration of Rs 77 crore.
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Gujarat-based brokerage iRage Broking Services LLP also bought 93.95 equity shares worth Rs 289 crore.
The block deals were made at a price of Rs 307 a piece. Shares of Aptus Value Housing Finance today ended at Rs 306 on the NSE, down by Rs 30.50 or 9.06% over the Monday closing price.Aptus Value is a smallcap stock with a market capitalisation of Rs 15,294 crore.
Aptus Value shares have been market laggards witnessing a price erosion of 2% over the past 1 year versus Nifty’s returns of 5.5% in the said period. On the year-to-date basis, the stock has rallied 5% versus just over 3% by the 50-stock index.
The stock is currently trading below its 50-day and 200-day simple moving averages (SMAs) of Rs 319 and Rs 320, respectively.
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