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Deal Flow – 21/01: Morgan Stanley dumps GATI, First State Asia Pacific Leaders Fund buys Marico from Arisaig India Fund and Tech Mahindra from New Perspective Fund

Here is the “Deal Flow (Summary of Bulk & Block Deals)” of the data that is revealed in the markets. This has been collated and curated to make trade-able sense.

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.

Deal_Flow_21_January_2016

GATI

Distributors of cargo worldwide by land, air or sea. GATI has over 3100 business partners across India and operates a fleet of more than 5000 vehicles

Annual turnover of Rs.15, 273 million, GATI today offers an integrated Express Distribution and customized Supply Chain Solutions to customers across diverse industry verticals. A market leader in India, GATI has a strong market presence in the Asia Pacific region and SAARC countries. Today, GATI has offices in China, Singapore, Hong Kong, Thailand, Nepal and plans to foray into other market.

The name GATI was coined after short listing several Sanskrit-based names. GATI reflects speed with direction, true to the way of its operations.

Morgan Stanley Asia (Singapore) sold 568,873 shares or 0.65% at an avg. price of Rs. 107.95/- thereby valuing the deal at Rs. 614 lakhs. This happens to be the second time that Morgan Stanley Asia (Singapore) has sold such a huge quantity of GATI limited. The last dump was during November, 2014 when Morgan Stanley sold 549,148 shares or 0.63% at an avg. price of Rs. 292.93/- per share.

GATI is a favourite of Big Whales Ashish Kacholia and Radhakishan S Damani.

The company recently announced its Q3 results. The company has posted a net profit of Rs. 7.7 crore for the quarter ended December 31, 2015 as compared to Rs. 11.4 crore for the quarter ended December 31, 2014. 

Total Income has decreased from Rs. 428 crore for the quarter ended December 31, 2014 to Rs. 420.5 crore for the quarter ended December 31, 2015.

This is how the stock declined

GATI


Marico

Consumer goods company providing consumer products and services in the areas of Health and Beauty. The organisation holds a number of brands including Parachute, Saffola, Hair&Care, Nihar, Mediker, Revive, Manjal, Kaya Skin Clinic, Livon, Set Wet, Zatak, Fiancee, HairCode, Eclipse, X-Men, Hercules, Caivil, Code 78 and Black Chic.

Arisaig Partners (Asia) which held 33,278,269 shares or 5.16% via Arisaig India Fund as of September, 2015 – today sold 549,148 shares or 0.09% at an avg. price of Rs. 220/- thereby valuing the deal at Rs. 14960 lakhs. This reduces their stake to 32,729,121 shares or 5.07%.

Arisaig Partners is a privately owned investment manager. The firm manages separate client-focused portfolios. It invests in the public equity markets of Asia (ex-Japan) and Africa. The firm also manages equity funds for its clients. It primarily invests in the stocks of small-cap and mid-cap companies employing fundamental analysis. The firm primarily makes its investments in consumer, distribution, media and service sectors.

This take was purchased by First State Asia Pacific Leaders Fund which was on a buying spree today. Not only did they buy this huge stake of 549,148 shares or 0.09% and some 66,510 shares or 0.01% from the open market, they also made a huge purchase in the following Tech Mahindra stock.

First State Investments (UK) Limited is a privately owned investment manager. The firm provides its services to pension and profit sharing plans, state and municipal government entities, banking and thrift institutions, investment companies, pooled investment vehicles, and charitable organizations. It manages mutual funds for its clients. 

Other Big Investors include Azim Premji aka Big Whale


Tech Mahindra

An Indian multinational provider of information technology (IT), networking technology solutions and Business Process Outsourcing (BPO) to the telecommunications industry. It is a specialist in digital transformation, consulting and business re-engineering solutions.

It is a USD 3.9 billion company with 105,200+ professionals across 90 countries, helping over 788 global customers including Fortune 500 companies.

New Perspective Fund which held 11,300,936 shares or 1.17% via New World Fund as of September, 2015 – sold 5982118 shares or 0.62% to bring down their stake to 5318818 shares or 0.55%.

New Perspective Fund managed by American Funds – an American investment management firm of mutual funds, variable annuities, individual retirement plans, 529 plans and other forms of investments. The company’s investment products focus on its actively managed mutual funds by Capital Research & Management Company, part of the Capital Group Companies, and only offer their products through financial advisers. 

The fund’s primary investment objective is to provide long-term growth of capital. Future income is a secondary objective. Diversifies among blue chip companies in the United States and abroad, emphasizing multinational or global companies and focusing on opportunities generated by changes in global trade patterns and economic and political relationships. The fund invests primarily in common stocks, convertibles, preferred stocks, bonds and cash.

First State Asia Pacific Leaders Fund which holds 14,417,371 shares or 1.50% purchased this additional stake. With this its holding now increases to 20,228,561 or 2.10%. The same firm (First State Investments) also holds 10,475,164 shares or 1.09% via First State Global Emerging Markets Leaders Fund as of September, 2015.

This brings First State Investments total holding via these 2 funds to 30,703,725 shares or 3.19%.

First State Asia Pacific Leaders Fund is a fund maintained by First State Investments (UK) –  a privately owned investment manager. The firm provides its services to pension and profit sharing plans, state and municipal government entities, banking and thrift institutions, investment companies, pooled investment vehicles, and charitable organizations. It manages mutual funds for its clients.


Check out the Deal Flow for the other days:

Deal Flow – 20/01: Tirupati Trade & Finance Company buys Lincoln Pharma and Kitara Capital buys Mold-Tek Packaging via Kitara India Micro Cap Growth Fund

Deal Flow – 19/01: Dilipkumar Vishindas Lakhi (Mumbai’s highest tax payer) buys International Paper APPM and Alfa Fiscal Services buys bruised Lincoln Pharma

Deal Flow – 18/01: Vijay Kishanlal Kedia buys Karnataka Bank, Jayantilal Patel buys battered Lincoln Pharma and Forefront Capital Management buys McNally Bharat Engineering

Deal Flow – 15/01: GMO Emerging Domestic Opportunities Fund buys the Outlier Gateway Distriparks

Deal Flow – 13/01: DSP Blackrock via DSP Blackrock Alternative Investment Fund, via DSP Blackrock MicroCap Fund & via DSP Blackrock Tiger Fund buys a ton of Skipper Limited

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