HDFC Mutual Fund Sells 2.73% stake in Just Dial

HDFC Mutual Fund Sells 2.73% stake in Just Dial HDFC Mutual fund has sold about... The post HDFC Mutual Fund Sells 2.73% stake in Just Dial appeared first on Stock Investor.

HDFC Mutual Fund Sells 2.73% stake in Just Dial

HDFC Mutual Fund Sells 2.73% stake in Just Dial

HDFC Mutual fund has sold about 2.73% of stake in Just Dial. It has offloaded nearly Rs. 108 crores through the open-market transaction. According to the source, the MF house held over 8.33% stake in Just Dial. Now, it had sold 2.73% in terms of shares, the MF schemes sold 16,90,653 shares.

According to the reports, the average price of the share stood at Rs. 639.60 on the sale day. However, the transaction remains estimated to be nearly Rs. 108.15 crores.

Now, the shareholding of HDFC MF in Just Dial stood at 5.60%. 

The share price of Just Dial traded at Rs. 808.00 with a 13.09% gain.  According to the source, the 3 years CAGR growth of Revenue stood at 10.70% and net profit at 30.90%.

HDFC MF is a joint venture between housing development finance corporation limited and standard life investments limited. This is one of India’s leading housing finance companies. It has the majority of shareholders as compared to others.

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Source : Stockinvestor More