Nippon India Mutual Fund acquired 12,50,000 Shares in Multibagger Small-Cap Electrical Equipment Stock; Share Price Jumps 6%
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Nippon India Mutual Fund acquired 12.5 lakh shares of Orient Electric through a bulk deal, while the stock gained over 6 per cent during Friday's trade.
✨ Key Takeaways
On Friday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 62.05 points, or 0.25 per cent, to 24,573.95. Amid the weak market sentiment, Orient Electric share price jumps 6.04 per cent to Rs 189 after Nippon India Mutual Fund acquired 12.5 lakh equity shares through a bulk deal on the NSE. The stock has delivered a return of 8.28 per cent over the past one month, 10.02 per cent over the past six months, and 6.49 per cent over the past one year.
Nippon India Mutual Fund Acquires 12.5 Lakh Shares
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Download Service BrochureAccording to the latest bulk deal data, Nippon India Mutual Fund purchased 12,50,000 equity shares of Orient Electric at an average price of Rs 178 per share through the NSE on August 6, 2026.
The transaction value works out to approximately Rs 22.25 crore, based on the average acquisition price.
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Shareholding Pattern
As of the June 2026 quarter, the company's promoter holding remained unchanged at 38.30 per cent. FII holding declined marginally to 3.28 per cent from 3.42 per cent in the March 2026 quarter, while DII holding eased slightly to 32.49 per cent from 32.52 per cent. Public shareholding increased to 25.94 per cent from 25.71 per cent in the previous quarter.
The total number of shareholders stood at 79,599 as of June 2026, compared with 81,086 in the March 2026 quarter.
About Orient Electric
Orient Electric Ltd is one of India's leading electrical consumer durables companies, manufacturing products across fans, lighting, switchgear, home appliances and electrical solutions. The company has a strong domestic distribution network and exports its products to multiple international markets.
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Disclaimer: The article is for informational purposes only and not investment advice.