Two investment funds have quietly taken a small but noticeable share in Maruti Interior Products, a maker of wire shelves and refrigerator racks based in Rajkot.
Who bought the shares and at what price?
- Unicorn Fund purchased 95,000 shares at ₹211.02 each, spending about ₹2 crore.
- Greenx Wealth Multihorizons Opportunity Fund bought 125,000 shares at ₹208 each, spending roughly ₹2.6 crore.
Together, the two funds now own about 1.45% of the company’s total equity.
How did the market react?
Even with the buying activity, Maruti Interior Products’ share price slipped a little. The stock closed at ₹209.65 on the BSE, down 0.78%, on higher trading volume.
Other recent fund moves
- Deep Diamond India acquired 2.5 million shares (0.55% stake) in Exxaro Tiles at ₹7.85 per share, spending ₹1.96 crore. Exxaro’s share fell 0.89% to ₹7.83.
- NV Alpha Fund Management bought 325,000 shares (0.5% stake) in Kross, a forging components maker, at ₹217.26 per share, paying ₹7.06 crore. Kross’s share rose 1.14% to ₹211.96.
What does this mean for retail investors?
These purchases suggest that some funds see potential upside in niche manufacturing companies like Maruti Interior Products. While the stock didn’t jump immediately, the buying could signal confidence that may benefit shareholders over time.
Disclaimer
Remember, this is just a perspective, not a prediction. Do your own research and consider your risk tolerance before making any investment decisions.