Small-Cap Industrial Machinery Company Hits 10% Upper Circuit After Nippon India Mutual Fund and Bank of India Mutual Fund Acquire 26.38 Lakh Shares
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Laser Power & Infrastructure share price was locked in the 10 per cent upper circuit after multiple institutional investors, including Nippon India Mutual Fund and Bank of India Mutual Fund, acquired shares through bulk deals
✨ Key Takeaways
On Friday, Indian equity benchmarks ended on a positive note, with the benchmark Nifty 50 index gaining 204.60 points, or 0.85 per cent, to close at 24,277.35. Amid the broader market rally, Laser Power & Infrastructure share price were locked in the 10 per cent Upper Circuit at Rs 288.65 after several institutional investors participated in bulk deals following a block deal executed a day earlier.
Laser Power & Infrastructure Bulk Deal Details
According to the latest bulk deal data, Nippon India Mutual Fund purchased 16.95 lakh shares across two transactions at an average price of Rs 260.75 and Rs 260.98 per share. Bank of India Mutual Fund acquired 9.43 lakh shares at an average price of Rs 263.36 per share.
Other notable buyers included BOFA Securities Europe SA, which bought 9 lakh shares at Rs 262.63 per share, Buoyant Opportunities Strategy I and Buoyant Opportunities Strategy III, which purchased 10 lakh shares each at Rs 269 per share. F3 Advisors Private Limited acquired 11.67 lakh shares at Rs 258.07 per share, while IRAGE Broking Services LLP purchased shares through multiple transactions.
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Laser Power & Infrastructure Selling Activity
On the selling side, IRAGE Broking Services LLP, F3 Advisors Private Limited, and NK Securities Research Private Limited were among the entities that offloaded shares through bulk deals at prices ranging between Rs 259.18 and Rs 262.85 per share.
Laser Power & Infrastructure Shareholding Pattern
As of the July 2026 shareholding pattern, the promoter and promoter group held 75.30 per cent stake in the company. Domestic Institutional Investors (DIIs) owned 10.26 per cent, while Foreign Institutional Investors (FIIs) held 2.09 per cent. The public shareholding stood at 12.35 per cent, with the company having 1,78,776 shareholders.
About Laser Power & Infrastructure
Laser Power & Infrastructure Limited is engaged in the manufacturing of industrial machinery and equipment and also undertakes engineering and infrastructure-related activities. The company serves customers across multiple industrial segments and focuses on expanding its manufacturing capabilities and project execution.
The company continues to strengthen its institutional investor base, with several domestic and foreign investors participating in recent block and bulk deals. The latest transactions indicate growing institutional interest in the stock.
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Disclaimer: The article is for informational purposes only and not investment advice.