Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Stocks

HDFC and Reliance Mutual Fund trade newly listed Max Ventures and Industries

Max-Ventures-and-Industries-Logo.png
Share:

Max Ventures and Industries Logo

Max Ventures and Industries is one of the three new holding companies formed after the demerger of the erstwhile Max India Limited.

MVIL provides management services to and manages the investment in its manufacturing subsidiary, Max Speciality Films (MSF), which is an innovation leader in the Speciality Packaging Films business.

MVIL’s Investment Vertical will facilitate Intellectual & Financial Capital to promising and proven early-stage organizations across identified strategic growth sectors such as Hospitality, Food & Beverages, and Healthcare, Technology-based Financial Services, Education and Real Estate. (latest shareholding pattern here)

Marking its debut in the markets today, the stock which got listed at Rs. 45/- was locked in upper circuit at Rs. 47.25/-.

HDFC Mutual Fund sold 480,000 shares representing 0.90% at an avg. price of Rs. 46.02/- per share while Reliance Mutual Fund purchased 678,336 shares representing 1.27% at an avg. price of Rs. 47.25/- per share (Reliance Growth Fund sold shares while Reliance Small Cap Fund purchased shares). 

divider

Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

Share:

Like our content? Join Capitalmind Premium.

  • Equity, fixed income, macro and personal finance research
  • Model equity and fixed-income portfolios
  • Exclusive apps, tutorials, and member community
Subscribe Now Or start with a free-trial