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Reading: Morgan Stanley sells 19 lakh shares value Rs 81 lakh on this penny inventory
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StockWaves > Financial News > Morgan Stanley sells 19 lakh shares value Rs 81 lakh on this penny inventory
Financial News

Morgan Stanley sells 19 lakh shares value Rs 81 lakh on this penny inventory

StockWaves By StockWaves Last updated: March 29, 2025 2 Min Read
Morgan Stanley sells 19 lakh shares value Rs 81 lakh on this penny inventory
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Morgan Stanley bought over 19.30 lakh shares in Kesoram Industries for Rs 81 lakh on Friday by way of block deal. The penny inventory was bought at a value of Rs 4.20 per share which was at an 11% low cost from Thursday’s closing value of Rs 4.70.

Shares of Kesoram Industries at the moment ended at Rs 4.50 on the BSE, down by Rs 0.20 or 4.26% and a recent 52-week-low.

ETMarket’s choice standards for a scrip to fall within the penny inventory class is a market capitalization under Rs 1,000 crore, a share value underneath Rs 20, and a minimal buying and selling quantity of 5 lakh shares.

The inventory’s market capitalisation on BSE stood at Rs 139.79 crore with common traded shares during the last two weeks at 43,000.

Kesoram Industries witnessed different offers as nicely the place Mundhra Properties Non-public Restricted bought over 40.81 lakh shares at a value of Rs 4.24 per share. In the meantime, Devi Merchants LLP bought 15.63 lakh shares at Rs 4.29 and Ishaan Tradefin LLP off-loaded over 49.52 lakh shares for Rs 4.26 per share.

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Kesoram was based in 1919 underneath the title of Kesoram Cotton Mills. It began as a cotton textile mill in Kolkata and expanded into the manufacturing of rayon.The inventory has fallen by 97.55% prior to now one 12 months, falling much more in 2025 to this point.(Disclaimer: Suggestions, strategies, views and opinions given by the specialists are their very own. These don’t characterize the views of Financial Occasions)

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