3 days ago
Murthy Family Office, Funds Buy Foseco India Stake
Several big investors bought shares of Foseco India in a large block deal.
Catamaran Ventures, linked to Narayan Murthy’s family, bought 55,978 shares.
Morgan Stanley Asia Singapore, LIC Mutual Fund and other funds also purchased shares.
At the same time, Morgan Terrassen and Morganite Crucible sold shares and fully exited the company.
Foseco India reported stronger sales in the first quarter of FY27.
Its profit also rose sharply compared with the same period last year.
The company’s profit margins improved significantly.
Its share price has recently risen, although it is lower than a year ago.
Catamaran Ventures bought 55,978 Foseco India shares at an average ₹5,897 each on 27 August.
Several institutions, including Morgan Stanley Asia Singapore, LIC Mutual Fund and SBI Mutual Fund, also bought shares.
Morgan Terrassen and Morganite Crucible sold 11,50,800 shares for ₹678.6 crore, exiting the company.
Foseco India’s Q1 FY27 revenue rose 14.42% year-on-year to ₹48 crore.
Net profit increased 78.31% to ₹10 crore, while the stock gained 18% in a week and 27% in a month.
- Who
- Catamaran Ventures, several mutual funds and institutional investors bought shares; Morgan Terrassen and Morganite Crucible sold shares.
- What
- Investors traded Foseco India shares in block deals, while the company reported improved Q1 FY27 financial results.
- Where
- The trades were reported through data available on the National Stock Exchange.
- When
- The transactions occurred on Thursday, 27 August; the results covered Q1 FY27.
- Why
- The articles do not state the specific reasons for the purchases or sales; Foseco India reported stronger revenue, profit and margins during the quarter.
Key facts
- Catamaran Ventures purchase
- 55,978 shares at an average ₹5,897 per share
- Total shares sold
- 11,50,800 Foseco India shares
- Value of shares sold
- ₹678.6 crore
- Q1 FY27 revenue
- ₹48 crore, up 14.42% year-on-year
- Q1 FY27 net profit
- ₹10 crore, up 78.31% year-on-year
- Recent share performance
- Up over 18% in one week and 27% in one month
Sources
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