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(27 Sep 2023, 11:12)

HLE Glascoat spurts after DSP mutual fund buys stake

HLE Glascoat jumped 6.14% to Rs 567.25 after DSP Micro Cap Fund bought 3.52% stake via bulk deal on Tuesday, 26 September 2023.


Bulk deal data on the NSE showed that DSP Mutual Fund A/C - DSP Micro Cap Fund purchased 3.52% equity in HLE Glascoat, buying 24,01,016 shares at an average price of Rs 505 per share. At the same time, three promoters of HLE Glascoat collectively sold 3.63% equity through a bulk deal.

Harsh Himanshubhai Patel sold 0.68% equity, Himanshu Khushalbhai Patel sold 1.46% equity, and Nilesh Khushalbhai Patel sold 1.48% equity, all at an average price of Rs 505 per share.

As of June 2023, the promoters of the company collectively held a total stake of 70.32%. Among the individual promoters, Harsh Himanshubhai Patel (13.62%), Himanshu Khushalbhai Patel (26.34%), and Nilesh Khushalbhai Patel (26.65%).

HLE Glascoat is a leading manufacturer of process equipment for the chemical and ph...

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