The Vanguard group is a well-known name in the world of investment. This investment management firm has bet on select Indian companies. These include companies of Chemical, Footwear, IT, Retail and Private Banking Sectors.
On Friday, this foreign firm invested in shares of Indian companies through the open market. It invested in 10 Indian companies through the Vanguard Emerging Market Index Fund. The domestic stock market performance was spectacular last week. It achieved the strength of more than 3.5 percent.
This group bought 4.16 lakh shares of Aarti Industries on Friday. The average purchase price was estimated at Rs 1,425.32. Aarti Industries is a chemical and pharma company. In February, the company had received a contract worth Rs 900 crore from a global firm.
Vanguard bought Bata India (8.51 lakh shares at the price of 1,374.80 rupees), Castrol India (50.83 lakh shares at a price of Rs 166.05), DCB Bank (40 lakh shares at the price of Rs 201.69) and NIIT Technologies (8.40 at the price of Rs 1,336.810). A million shares).
On Friday, this foreign firm invested in shares of Indian companies through the open market. It invested in 10 Indian companies through the Vanguard Emerging Market Index Fund. The domestic stock market performance was spectacular last week. It achieved the strength of more than 3.5 percent.
This group bought 4.16 lakh shares of Aarti Industries on Friday. The average purchase price was estimated at Rs 1,425.32. Aarti Industries is a chemical and pharma company. In February, the company had received a contract worth Rs 900 crore from a global firm.
Vanguard bought Bata India (8.51 lakh shares at the price of 1,374.80 rupees), Castrol India (50.83 lakh shares at a price of Rs 166.05), DCB Bank (40 lakh shares at the price of Rs 201.69) and NIIT Technologies (8.40 at the price of Rs 1,336.810). A million shares).
On the other hand, according to Nirmal Bang Securities, Bata India is going to adopt a franchise model after a gap of 20 years. The brokerage firm advised increasing the investment in its stock with a target price of Rs 1,479. According to the brokerage, the company has access to 10,000 cities, towns and villages.
This global group has also bet on RBL Bank and TeamLease Services. It bought 10 million and 1 lakh shares respectively of the two companies. The prices of these two shares are Rs 648.49 and Rs 2,829.97 respectively.
The fund house bought the TTK Prestige (0.76 lakh shares), V Guard Industries (23 lakh shares) and V-Mart Retail (1.55 lakh shares) at Rs 8,536.06, Rs 220.69 and Rs 2,628.10 respectively. This information comes from Friday's Bulk Deal data.
Global brokerage firm CLSA has already expressed its trust in TTK Prestige. According to the brokerage, the consumption of rural consumption on this company and the impact of GST will be found. The effect of the Ujjwala plan will also be seen now. The company is expanding its products including its pressure cooker.
Domestic brokerage firm Ventura Securities has advised RBL Bank to buy with target price of 820 rupees. It can enter 38 percent growth in the next 30 months. On the other hand, Vanguard has sold 20 million shares of Unitech.
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