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Capsule – 16/11: Nalanda sells Triveni, T.Rowe Price buys S H Kelkar, Apar Industries top-up by HDFC and More!


We are starting a new “Capsule” series which will come to you on a regular basis, of data that is revealed in the markets but needs to be collated, cleaned and filtered to make tradeable sense. We’d love your feedback.

Here is a summary of Bulk & Block Deal transactions in this week. A Bulk Deal is a trade, where total quantity bought or sold is more than 0.5% of the number of equity shares of the company. A trade, with a minimum quantity of 5,00,000 shares or minimum value of Rs.5 crore executed through a single transaction on this separate window of the stock exchange will constitute a Block Deal.

The snapshot below excludes the Intra Day Trade, Promoter Exchange and Deals which are not significant in terms of Stock price or Deal value.

Apar Industries, S H Kelkar and Co.Triveni Engineering & Industries, Nalanda India Fund, HDFC, T Rowe Price International Discovery Fund, Barclays Capital Mauritius

Apar Industries

Background: The company offers value added products and services in power transmission conductors, petroleum specialities and power cables

AIL Benefit Trust holding 4.25% or 1,635,387 shares sold over half its stake i.e. 900,000 shares or 2.34% in the open market today at a weighted average price of Rs. 436/share. The stock closed at Rs. 466.20/- gaining Rs. 37.80/- or 8.82%.

The stake sale was purchased by HDFC Mutual Fund under its 2 schemes i.e. HDFC MIP Long Term Plan (400,000 shares or 1.04%); and by HDFC Prudence Fund (500,000 shares or 1.30%). HDFC Prudence Fund which held 1,694,750 shares or 4.40% as of September, 2015 now has a total stake of 2,194,750 shares or 5.70%. Fund wise, Templeton Strategic Emerging Markets Funds III LDC is the largest shareholder with 3,636,363 shares or 9.45% stake.

One of the big whales i.e. Vijay Kishanlal Kedia also owns 402,142 shares or 1.04% as of September, 2015.

S H Kelkar & Company

Background: One of India’s largest fragrance players

The stock made its debut on the markets today. At the end of the trading session the stock closed at Rs. 209.85/- down by Rs. 13.85/- or 6.19%. The issue price of the stock was Rs. 180/-.

Mondrian Emerging Markets Small Cap Equity Fund and T Rowe Price International Discovery Fund both made a buy for the stock at a premium price of Rs. 209.58/- and Rs. 202.75/-. Each now own 1,125,559 shares or 0.78% and 890,000 shares or 0.61% respectively. With this purchase T Rowe Price International Discovery Fund now owns 2,716,601 shares or 1.87% stake in the company.

Currently Blackstone Capital Partners hold a majority of the stake at 31,100,677 shares or 21.50%.

Subex Limited

Background: global provider of Business Support Systems for Communications Service Providers.

Barclays Capital Mauritius holding 11,642,088 shares or 4.78%, sold over half its stake of 6,970,915 shares or 2.86% at a price of Rs. 10.23/-.  This now brings down their stake to 4,671,173 shares or 1.92%.

QVT Mauritius West Fund is the largest shareholder with 18,810,873 shares or 7.72% followed by Barclays Capital until this stake sale.

Triveni Engineering & Industries

Background: focused, growing corporation having core competencies in the areas of sugar and engineering.

Nalanda India Fund which held 25,788,000 shares or a 10%stake has sold 10,100,000 shares or 3.92% bringing down its stake to 15,688,000 shares or 6.08%.

Even after this stake sale, Nalanda India Fund continues to be the biggest shareholder followed by Government Pension Fund Global at 2.71% and Morgan Stanley at 2.26%.

Nalanda Capital had invested Rs 110 crore ($16.7 million) in the company in August 2008 for 4.5%. After three months of that in November, the PE firm bought another 5.53% stake for around Rs 51.2 crore ($7.8 million), hiking its holding to a little over 10%.

Nalanda also holds 25,788,000 shares or 7.82% in Triveni Turbine (Triveni Group company) – a leading Industrial Steam Turbines Manufacturer in India. Here is a summary of the holdings.

Berger Paints, Exide Industries, Kirloskar Oil Engines, MindTree, Page Industries, Triveni Turbine, Vaibhav Global, V-Guard Industries

Delivery Volume Shockers!

We have compiled a list of those stocks which have seen massive increases in the “deliverable quantity to traded quantity %”.

Stocks are traded every day and most stocks see intraday trading (buy and sell on the same day). Intraday trades don’t result in delivery – if a two people buy and sell from each other and square off within the day, there will be volume, but no actual shares will change hands.

Delivery volumes as a percentage of total volume shows us how much of the stock is traded versus held for more than a day. It’s not very useful to use this data to trade per se.

But what is useful is if the delivery percentage JUMPS. If a stock is thinly delivered (say 30% delivery) and jumps up to 80% delivery then we are likely to be seeing some action in that stock because either a big buyer is in or a big seller is.

Listed below, are the Top 25 for today (16th Nov 2015):

Trading Volumes_16Nov

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