Mukand Limited: Promoters Buy 30,000 Shares
Mukand Limited is a company that specializes in manufacturing and selling steel products. The company’s promoters, who are individuals who start or invest in a company, have bought 30,000 shares after the market closed. Mukand’s co-promoters had purchased 49,852 shares in the first week of June. Here are the details:
Promoters’ Recent Share Purchases:
– Co-promoters bought 49,852 shares in the first week of June.
– Co-promoters bought 30,000 shares after the market closed.
– The share price has fallen by 3% in the last three months.
– The share price has fallen by 4% from January 2023 to June 2023.
Promoters’ Stake:
– Promoters’ stake has increased from 73.82% in December 2022 to 74.36% in March 2023.
– FII’s stake has increased from 0.04% in December 2022 to 0.14% in March 2023.
– DII’s stake has decreased from 2.18% to 2.1%.
Why Promoters Buy or Sell Shares:
Promoters buy or sell shares in a company for various reasons such as raising capital, diversifying their portfolio, or taking advantage of market conditions. The market closely watches such transactions as they provide valuable insights into the company’s future prospects.
In conclusion, Mukand Limited’s co-promoters have bought 30,000 shares after the market closed. This follows their purchase of 49,852 shares in the first week of June. The share price has fallen by 3% in the last three months, and by 4% from January 2023 to June 2023. The market will closely watch the promoters’ future transactions to gain insights into the company’s future prospects.
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