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Bulk Deals | Motilal Oswal Mutual Fund picks 1.57% stake in Campus Activewear on listing day

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After the general public situation, promoters maintain a 74.10 p.c fairness stake in Campus and the remainder is held by the general public.

Could 09, 2022 / 11:07 PM IST

Motilal Oswal Mutual Fund has acquired a 1.57 p.c fairness stake in Campus Activewear, the main sports activities and athleisure footwear model in India, through open market transactions on Could 9, the debut day.

Motilal Oswal MF has purchased 48 lakh fairness shares by way of three transactions as per the NSE bulk offers knowledge.

The fund home bought 16 lakh shares every at a mean value of Rs 360 per share, and one other 16 lakh shares at a mean value of Rs 364.97 per share.

After the general public situation, promoters maintain a 74.10 p.c fairness stake in Campus and the remainder is held by the general public.

Campus Activewear closed at Rs 378.90 on its itemizing day, larger by 30 p.c over its situation value of Rs 292, with a quantity of 5.87 crore fairness shares on the NSE, regardless of weak market situations. The benchmark indices fell 0.67 p.c on Monday.

“The corporate’s good itemizing throughout such a risky market highlights the inherent energy of its enterprise and fundamentals,” Santosh Meena, Head of Analysis at Swastika Investmart mentioned.

Campus Activewear Restricted is India’s largest sports activities and athleisure footwear model that enjoys aggressive benefits like built-in manufacturing amenities, sturdy model recognition, and a sturdy distribution community, he mentioned, including that the corporate has an enormous runway of development and the long-term prospects are good.

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Disclaimer: The views and funding ideas expressed by funding specialists on Moneycontrol.com are their very own and never these of the web site or its administration. Moneycontrol.com advises customers to test with licensed specialists earlier than taking any funding choices.

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