WHV-EAM International Small Cap Equity Fund bought a stake in Lux Industries on Wednesday, which was followed up by Abakkus and GMO buying shares in Rupa & Company on Thursday.
Rupa & Company surged 10.88% to Rs 288 after Abakkus Emerging Opportunities Fund-1 bought 1.50% stake in the company via bulk deal on Monday, 28 December 2020.
As per the bulk deal data on the NSE, Abakkus Emerging Opportunities Fund-1 purchased 12 lakh shares, or 1.50% equity, of Rupa & Company on Monday, 28 December 2020.
Simultaneously, Suvichar Advisors sold 12.99 lakh equity shares (1.63% equity) of Rupa & Company at Rs 250.55 per share via bulk deal on the NSE. As of 30 September 2020, Suvichar Advisors LLP held 2.30% stake in Rupa & Company.
Abakkus Emerging Opportunities Fund - 1 is owned by market veteran, Sunil Singhania. Singhania floated his portfolio management service firm, Abakkus Asset Management in August 2018. Before Abakkus, he worked as a CIO of Reliance Mutual Fund.
Rupa & Company share hits 20% upper circuit after Abakkus Fund buys stake
According to the bulk deal data on NSE, Abakkus Emerging Opportunities Fund-1 purchased 12 lakh shares or 1.50% equity, of Rupa & Company on Monday, on December 28, 2020
BusinessToday.In | December 29, 2020 | Updated 17:49 IST
Rupa & Company stock has gained 36.47% in the last 4 days. It has risen 38% in a month and 59% in one year
Rupa & Company share price jumped almost 10% to a fresh 52-week high of Rs 311.7 hit in Tuesday s morning trade after Abakkus Emerging Opportunities Fund-1 bought 1.50% stake in the company via a bulk deal on December 28, 2020.
Rupa & Company stock opened 7.8% higher at Rs 280 today, also its day s low and later gained 20% to hit the day s high of Rs 311.70 during the session, against the last close of Rs 259.75. The stock has traded in a wide range of Rs 31.7