India Cements & 3 other stocks in which Morgan Stanley Asia bought fresh stakes in Q3

Morgan Stanley Asia (Singapore) Pte, a subsidiary of Morgan Stanley, operates as an investment arm, engaging in equity trading, investment banking and asset management in the Asian markets. As of Q3 FY25, the subsidiary held 12 publicly traded stocks in India, with a net worth exceeding Rs 1,670 crore

Listed below are 4 stocks in which Morgan Stanley Asia have acquired fresh stakes in Q3 FY25:

1. India Cements Ltd

Based in Chennai, India Cements Ltd is a prominent cement manufacturer. Although cement is its primary focus, the company has diversified into other related areas like shipping, captive power, and coal mining to improve operational efficiency. Additionally, India Cements is also a sponsor of the IPL team Chennai Super Kings.

With a market capitalization of Rs 8,711.21 crore, the shares of India Cements Ltd were trading at Rs 281.10 apiece, marking a 0.5 percent increase from the previous closing price. 

Morgan Stanley Asia bought a fresh stake of 37.88 lakh equity shares which is equivalent to 1.2 percent of the company in Q3 FY25.

2. Paradeep Phosphates Ltd

Paradeep Phosphates Limited, a leading manufacturer of non-urea fertilizers, is engaged in the production and distribution of various complex fertilizers. This includes DAP, three grades of NPK (NPK-10, NPK-12, and NP-20), as well as Hydrofluorosilicic Acid, Phospho-gypsum and Zypmite. The company is also the second-largest private-sector phosphatic company in India. 

With a market capitalization of Rs 8,249.93 crore, the shares of Paradeep Phosphates Ltd were trading at Rs 101.2 apiece, marking a 4.5 percent increase from the previous closing price. 

Morgan Stanley Asia bought a fresh stake of 114.3 lakh equity shares which is equivalent to 1.4 percent of the company in Q3 FY25.

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3. Spicejet Ltd

SpiceJet, a low-cost airline from India located in Gurgaon, Haryana, runs 630 flights every day to 64 destinations. This includes 54 domestic routes and 15 international ones, primarily from its hubs in Delhi and Hyderabad. Additionally, it has the largest number of UDAN flights in India.

With a market capitalization of Rs 5,873.97 crore, the shares of Spicejet Ltd were trading at Rs 45.83 apiece, marking a 4 percent increase from the previous closing price. 

Morgan Stanley Asia bought a fresh stake of 195.76 lakh equity shares which is equivalent to 1.53 percent of the company in Q3 FY25.

4. PNB Housing Finance Ltd

PNB Housing Finance, a subsidiary of Punjab National Bank, offers a variety of loans to retail customers. This includes loans against property, loans for non-resident property and home loans. The company has a strong presence with 305 branches which covers 161 branches for affordable and 50 branches for emerging markets.

With a market capitalization of Rs 21,679.72 crore, the shares of PNB Housing Finance Ltd were trading at Rs 834.3 apiece, marking a 2 percent increase from the previous closing price. 

Morgan Stanley Asia bought a fresh stake of 58.5 lakh equity shares which is equivalent to 2.25 percent of the company in Q3 FY25.

Written by Shwetha Sairam

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