Bulk deals : Canara Robeco Small Cap Fund sells stake in Vijaya Diagnostic

Bulk deals

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Bulk deals : Canara Robeco Small Cap Fund sold 6.92 lakh shares, a 0.68 percent stake at an average price of Rs 664 in Vijaya Diagnostic Centre

In Vijaya Diagnostic Centre, Canara Robeco Small Cap Fund sold 6.92 lakh shares, a 0.68 percent stake at an average price of Rs 664. Canara Robeco Small cap fund held 1.36 percent stake in the company till December 2023. Bulk deals

Shares of Vijaya Diagnostic Centre rose 1.18 percent to Rs 663.8 on the NSE.

Meanwhile, Camlin Fine Sciences saw 1.37 percent stake, or 23 lakh shares, changing hands in the session. Promoter Ashish Subhash Dandekar sold the shares while another promoter entity Anifma NV bought them. Bulk deals

Bulk deals : Camlin Fine Sciences stock surged 10.45 percent to Rs 109.45 on the NSE.

Yes, that’s correct. According to news reports, Canara Robeco Small Cap Fund sold a portion of its stake in Vijaya Diagnostics. Here’s a quick breakdown: Bulk deals

  • Seller: Canara Robeco Small Cap Fund
  • Stock: Vijaya Diagnostics
  • Stake Sold: 6.92 lakh shares (around 0.68%)
  • Price: Average price of Rs 664 per share

This information suggests that Canara Robeco Small Cap Fund reduced its holding in Vijaya Diagnostics. It’s important to note that we don’t know the reason behind the sale. Bulk deals

Here are some additional points to consider:

  • The news mentions that despite the sale, Vijaya Diagnostics’ share price actually increased slightly.
  • This might not be a significant indicator for the overall health of Vijaya Diagnostics. Bulk deals

Do you want to explore further details or research Vijaya Diagnostics’ performance?

  • Canara Robeco Small Cap Fund: This is a mutual fund that invests in small-sized companies in India.
  • Vijaya Diagnostic: This is a publicly traded company in India that operates a chain of diagnostic centers. Bulk deals

What:

  • Canara Robeco Small Cap Fund sold a portion of its stake in Vijaya Diagnostic. This means they reduced their ownership in the company.
  • The specific details are:
    • Number of shares sold: 6.92 lakh shares (lakh = one hundred thousand).
    • Percentage stake sold: 0.68%.
    • Average price per share: Rs 664. Bulk deals

Why (possible reasons):

  • Mutual funds like Canara Robeco Small Cap Fund constantly evaluate their holdings. They may sell a stock if:
    • The company’s prospects don’t align with the fund’s investment goals.
    • They need to raise cash for other investments.
    • They believe the stock price has reached its peak. Bulk deals

Market Impact:

  • Interestingly, despite the fund selling shares, the stock price of Vijaya Diagnostic actually went up slightly (1.18%) on the NSE (National Stock Exchange of India). This could indicate that other investors might see this as a buying opportunity or that the overall market sentiment for Vijaya Diagnostic is positive. Bulk deals

Additional points to consider:

  • This is just one transaction by a single fund. It doesn’t necessarily reflect the overall health of Vijaya Diagnostic.
  • You’d need to do further research on Vijaya Diagnostic to understand its future prospects before making any investment decisions. Bulk deals

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