Several famous mutual funds acquired significant stakes in three prominent companies, such as Sai Life Sciences, Stylam Industries, and Shoppers Stop. The share price moved from -3.94% to +3.85% following these stake acquisitions. The total investment across these three companies amounted to approximately Rs 408.1 crore, demonstrating strong institutional interest in these firms operating across pharmaceuticals, laminates, and retail sectors. 

Here are two stocks in which mutual funds acquired stakes through bulk deals:

1. Sai Life Sciences Limited 

With a market capitalization of Rs. 15,290.35 crores, the shares of Sai Life Sciences Limited closed at Rs. 735.15 per equity share, down nearly around 3.94 percent from its previous day’s close price of Rs. 765.30. 

Nippon India Mutual Fund acquired 13.68 lakh shares of Sai Life Sciences, purchasing at an average price of Rs 650 per share, amounting to a total investment of Rs 88.95 crore. 

Sai Life Sciences Limited was incorporated in 1999 and specializes in contract research, development, and manufacturing for the pharmaceutical and biotechnology industries. The company is headquartered in Hyderabad and serves global markets with its significant expertise and presence. 

The company’s revenue has increased by 20.38 percent from Rs. 1,217 crore in FY23 to Rs. 1,465 crore in FY24. The net profit of the company has also increased from Rs. 10 crore to Rs. 83 crore in FY24. 

2. Stylam Industries Limited 

With a market capitalization of Rs. 4,320.06 crores, the shares of Stylam Industries Limited closed at Rs. 2,549 per equity share, rising nearly around 3.85 percent from its previous day’s close price of Rs. 2,454.40. 

Mahindra Manulife Mutual Fund and HSBC Mutual Fund acquired a 1.06% stake in Stylam Industries for Rs 43.27 crore. Meanwhile, Manav Gupta sold a 2.28% stake in the company at an average price of Rs 2,405 per share, reducing his holdings from 4.19% to 1.91%. 

Stylam Industries Limited was incorporated in 1991 and is based in Chandigarh, India. The company manufactures decorative laminates and allied products. The company, previously known as Golden Laminates Ltd., rebranded in 2010. Stylam exports to over 80 countries, focusing on Europe and Southeast Asia. 

The company’s revenue has decreased by 3.99 percent from Rs. 952 crore in FY23 to Rs. 914 crore in FY24. The net profit of the company has increased from Rs. 96 crore to Rs. 128 crore in FY24.

Following is the stock in which mutual funds acquired stakes through block deal:

1. Shoppers Stop Limited 

With a market capitalization of Rs. 7,130.34 crores, the shares of Shoppers Stop Limited closed at Rs. 648.15 per equity share, rising nearly around 2 percent from its previous day’s close price of Rs. 635.45. 

360 ONE Equity Opportunity Fund, Kotak Mahindra Mutual Fund, 360 ONE Prime, Tata Mutual Fund, Turnaround Opportunities Fund, 360 ONE Asset Management, and Morgan Stanley Asia Singapore Pte acquired a 4% stake in Shoppers Stop for Rs 275.88 crore at an average price of Rs 627.6 per share. 

Meanwhile, Amazon.com NV Investment Holdings LLC exited the company by selling its entire 4% stake. Shoppers Stop Limited was founded in 1991 and is a leading Indian retail chain specializing in fashion, beauty, and home products. With over 800 brands and 271 stores across 50 cities, it has established itself as a prominent omni-channel retailer in India. 

The company’s revenue has increased by 7.33 percent from Rs. 4,022 crore in FY23 to Rs. 4,317 crore in FY24. The net profit of the company has decreased from Rs. 116 crore to Rs. 77 crore in FY24. 

Written By – Nikhil Naik

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