According to the bulk deal data available with the BSE, Munot sold 73.24 lakh shares, Kalpataru Constructions disposed of 10 lakh shares and Kalpataru Viniyog offloaded 13.10 lakh shares, amounting to a 5.9 per cent stake in KPIL.
Usually, promoters selling a stake in a company is considered lack of confidence in the business and leads to selling in stock markets. However, investors have disregarded the sale, and continued to buy stock.
ICICI Prudential Mutual Fund through its ICICI Prudential Equity & Debt Fund buys additional 14.95 lakh shares in Kalpataru at an average price of Rs 485 per share
An increase in OI along with a price decrease indicates a build-up of short positions. Based on the OI percentage, 63 stocks, including Chambal Fertilizers, IRCTC, Apollo Hospitals Enterprises, Tata Chemicals and Coforge saw a short build-up