Promoter entity Welspun Group Master Trust has acquired additional over half a percent stake in Welspun Enterprises, the infrastructure developer, via open market transactions on December 8.
Despite which, Welspun Enterprises shares fell 0.74 percent to close at Rs 516.6 with above-average volumes on the NSE. The stock showed strong recovery from day's low of Rs 501.5.
Welspun Group Master Trust has bought 7.5 lakh shares (equivalent to 0.54 percent of paid-up equity) in the company for Rs 38.7 crore at Rs 516.11 per share. The total promoter shareholding in the company was 55.48 percent as of September 2025.
Meanwhile, Dredging Corporation of India seems to have reacted to the buying interest showed by Invesco Mutual Fund. The stock clocked 14.3 percent rally, the biggest single-day surge since November 3, to end at fresh 52-week high of Rs 1,006.5 with above-average volumes.
Invesco Mutual Fund through Invesco Infrastructure Fund has picked 2.5 lakh shares (0.89 percent stake) for Rs 23.6 crore at Rs 942.83 per share.
Earlier on November 3 this year, Invesco Mutual Fund already picked 1.52 lakh shares (0.54 percent stake) in Dredging Corporation. Combining both transaction, the asset management company's shareholding may be increased over 1 percent in Dredging now.
Elimath Advisors, owned by Mathew Cyriac and Elizabeth Mathew, has acquired 48.8 lakh shares in Praxis Home Retail, the home furnishings company, for Rs 4.41 crore at Rs 9.05 per share, whereas 2015 Grover Family Trust sold 45.13 lakh shares at same price for Rs 4.08 crore.
Praxis Home Retail shares corrected 4.3 percent to finish the session at Rs 9.05.
The negative action was also seen in Indian Phosphate, perhaps after selling nearly 2 percent stake by BNP Paribas Financial Markets. The stock fell 7.26 percent to Rs 62.6 after gap-down opening.
BNP Paribas Financial Markets has sold 4.71 lakh shares (1.88 percent stake) in Indian Phosphate for Rs 3.06 crore at Rs 65 per share. As of September 2025, BNP Paribas held 2.13 percent stake in the company.
Meanwhile, Invicta Diagnostic shares closed at Rs 96.70 on the BSE, rising 13.76 percent the first day of bidding. Pine Oak Global Fund has bought 1.82 lakh shares in the diagnostic chain (based in the Mumbai Metropolitan Region) at Rs 100 per share.
Further, Laxmi Trading & Investments acquired 2.03 lakh shares at Rs 98.07 per share, and Neeraj Vishnukumar Gupta 2.99 lakh shares at Rs 98.34 per share.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
