Funds Acquire Maruti Interior Products Stake Amid Share Price Dip

INDUSTRIAL-GOODSSERVICES

Overview

Unicorn Fund and Greenx Wealth Multihorizons Opportunity Fund purchased over 1.4% equity in Maruti Interior Products through open market transactions on January 8. Despite this significant stake acquisition, shares of the Rajkot-based manufacturer closed lower by 0.78% at ₹209.65 on the BSE amidst high trading volumes. Other bulk deals saw Deep Diamond India acquire a stake in Exxaro Tiles and NV Alpha Fund Management invest in Kross.

Institutional Buying in Maruti Interior Products

Unicorn Fund and Greenx Wealth Multihorizons Opportunity Fund collectively acquired more than 1.4 percent equity in wire shelving manufacturer Maruti Interior Products. These open market transactions occurred on January 8. The deals involved Unicorn Fund purchasing 95,000 shares at ₹211.02 each for ₹2 crore. Greenx Wealth Multihorizons Opportunity Fund added 1.25 lakh shares at ₹208 per share, costing ₹2.6 crore.

Despite the substantial buying from institutional investors, Maruti Interior Products' stock finished the trading session lower. Shares closed at ₹209.65 on the BSE, marking a 0.78 percent decline. The trading volume was notably high, indicating active market participation.

Other Bulk Deals

Further bulk deals were also reported. Deep Diamond India invested in Exxaro Tiles, acquiring 25 lakh shares representing a 0.55 percent stake at ₹7.85 per share, for a total of ₹1.96 crore. Separately, NV Alpha Fund Management bought a 0.5 percent stake in Kross, a maker of forging components, purchasing 3.25 lakh shares at ₹217.26 each for ₹7.06 crore.

Exxaro Tiles shares experienced a slight dip, closing 0.89 percent lower at ₹7.83 on the NSE. Conversely, Kross stock saw a modest gain, rising 1.14 percent to ₹211.96.

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