Reliance Capital buys smallcap and midcap stocks

354 Investors following Alkyl Amines. Share this News with them.

0

Like this story, share it with millions of investors on M3

Reliance Capital buys smallcap and midcap stocks

A number of smallcap and midcap stocks have been bought by Reliance Capital in the last one month, reports CNBC-TV18.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » RELATED NEWS Equity calls: Bose, Kumar, Baliga Should one invest in Index Funds? Arcelor Mittal name to be used for Stock Market quotation Zee Entertainment can test Rs 370-380 Stay invested in Escorts ALSO READ See what other experts are saying about markets See what FIIs are saying about the markets See what Udayan Mukherjee is saying about the markets Nifty BSE | NSE 29/05/12 Are Mutual Funds betting on Nifty? Other Stocks in this news Century Textiles and Industries | Everest Industries | EIH Associated Hotels | JK Tyre and Industries | Mahanagar Telephone Nigam | Reliance Capital | Rallis India | Wyeth |

A number of smallcap and midcap stocks have been bought by Reliance Capital in the last one month, reports CNBC-TV18.

Among the smallcaps, Reliance Capital bought 3.82 lakh shares (4.3% stake) of Alkyl Amines at Rs 90 per share.

Alkyl Amines has a market capital of Rs 86 crore and manufactures amine-based chemicals. The chemicals that it manufactures are used in Pharma, agrochem, rubber chem and water treatment industries.

Another smallcap stock that Reliance Capital bought was Everest Industries . It bought 11.76 lakh shares (7.9% stake) at Rs 120 per share. Everest industries is an ACC Group company and has a market capital at Rs 180 crore. It is an asbestos and non-asbestos product manufacturer. Franklin India Smaller Companies Fund controls 7.23% stake in it.

Reliance Capital also bought 9.98 lakh shares (2.4% stake) of a smallcap stock- JK Industries at Rs 136 per share. JK Industries has a market capital at Rs 620 crore and manufactures automobile tyres and bulk drugs. It also markets agricultural products. Fidelity Mauritius Fund controls 5.87% stake in it.

Another smallcap stock it bought was Wyeth of which Reliance Capital bought 1.50 lakh shares (0.66% stake) at Rs 505 per share. Its market cap is at Rs 1,141 crore and its engaged in the pharma business. Citigroup, HSBC, Prudential ICICI Trust control over 1% stake each.

Among the midcap stocks, Reliance Capital bought 15 lakh shares of MTNL at Rs 164.01 per share. It also bought 8.40 lakh shares of TV Today at  Rs 87.13 per share as well as  5 lakh shares of Mangalam Cement  at Rs 235 per share.

Reliance Capital has also bought 4.50 lakh shares of EIH Assoc Hotels at Rs 178 per share. Besides that  Rallis India's 1.76 lakh shares at Rs 285 per share have also been bought by it.

It has sold 4.98 lakh shares of Century Textiles at Rs 705.79 per share.