Midcap stocks in focus after Motilal Oswal acquires stakes worth over ₹617 Cr in these companies

KEI Industries and Coforge shares are in focus after Motilal Oswal has bought stakes worth Rs.367 crores and Rs.250 crores in these two companies from different sellers on Friday.

1. KEI Industries

With a market capitalization of Rs. 29,451 Crore, the stock of KEI Industries Limited opened 2.63 percent up from Friday’s close of Rs. 3,070. Later the stock jumped to a high of Rs. 3,240, up 5.53 percent.

Stake Update

Motilal Oswal Mutual fund bought 11,82,089 shares worth Rs.367.09 Crore at the price of 3,105.45 / share. The seller of the shares is not known.

About the Company

KEI Industries Limited is a leading Indian manufacturer of wires, cables, and stainless steel wires, catering to industries such as power, infrastructure, real estate, and industrial sectors. The company specializes in Extra High Voltage (EHV), High Voltage (HV), and Low Voltage (LV) power cables, along with control, instrumentation, and house wires.

Also read: Cable stocks in focus after Jefferies and UBS cut target prices by up to 16%

2. Coforge

With a market capitalization of Rs. 48,796 Crore, the stock of Coforge Limited opened at the same price as Friday’s close of Rs. 7,362.15. Later, the stock jumped to a high of Rs. 7,400, up 0.51 percent.

Stake Update

Motilal Oswal Mutual fund bought 3,39,476  shares worth Rs.250 Crore at the price of Rs.7,367.94 / share. The seller of the shares is not known.

About the Company

Coforge Limited is a global IT solutions company specializing in digital services, cloud computing, artificial intelligence, and automation. Formerly known as NIIT Technologies, the company focuses on delivering cutting-edge technology solutions across industries such as banking & financial services, insurance, travel & hospitality, healthcare, and the public sector.

Written By Abhishek Das

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post Midcap stocks in focus after Motilal Oswal acquires stakes worth over ₹617 Cr in these companies appeared first on Trade Brains.