Big Institutional Moves in Indian Equities

September 26 saw brisk activity in the Indian stock market as Morgan Stanley executed a series of block deals with Goldman Sachs. Through its Asia Singapore arm, the global investment bank purchased shares worth Rs 201.3 crore spread across ten listed companies. The move highlights continued foreign institutional interest in Indian blue-chip and high-growth firms, even amid recent market volatility.

Key Transactions in Leading Firms

Among the major trades, Morgan Stanley picked up 91,172 shares in Axis Bank at Rs 1,166.6 per share for Rs 10.6 crore. It also acquired 3.94 lakh shares in Bharat Electronics at Rs 403.15 per share, amounting to Rs 15.9 crore.

In Bharti Airtel, 1.47 lakh shares were exchanged at Rs 1,935.6 per share for Rs 28.47 crore. The firm also invested in Eternal, buying 9.52 lakh shares at Rs 332.25 each for Rs 31.6 crore.

Other key acquisitions included 1.03 lakh shares in Godrej Properties at Rs 1,967.4 per share for Rs 20.29 crore, 28,602 shares in Hero MotoCorp at Rs 5,354.5 per share for Rs 15.3 crore, and 1.07 lakh shares in Paytm at Rs 1,141.4 per share for Rs 12.3 crore.

Additionally, the trades saw 1.16 lakh shares in Kotak Mahindra Bank exchanged at Rs 2,013.5 per share for Rs 23.54 crore. Morgan Stanley also bought 5.3 lakh shares in Shriram Finance at Rs 612.7 per share for Rs 32.7 crore, and 2.3 lakh shares in Varun Beverages at Rs 451.85 per share for Rs 10.48 crore.

Action in VIP Industries

The day also witnessed significant activity in VIP Industries. Shares of the luggage manufacturer fell nearly 4 percent to Rs 409.5 as promoter entities offloaded a 6.22 percent stake worth Rs 343.2 crore. Kiddy Plast sold 10.87 lakh shares at Rs 388 per share, while Piramal Vibhuti Investments divested 77.5 lakh shares at Rs 388.25 per share.

However, demand remained strong with Multiples Private Equity Gift Fund IV and Samvibhag Securities acquiring 82.2 lakh shares, equivalent to a 5.8 percent stake, for Rs 319.07 crore at Rs 388 per share.

Smaller Trades Draw Attention Too

AAA Technologies also came into focus, with its shares slipping 2 percent to Rs 77. Promoter Anjay Ratanlal Agarwal sold 3.75 lakh shares at Rs 77.08 per share to Nova Global Opportunities Fund PCC.

What This Means for Investors

The flurry of bulk and block deals highlights how institutional investors are repositioning portfolios amid broader market weakness. While foreign investors have been net sellers in recent sessions, deals like these show selective optimism in India’s long-term growth story.

 

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