JP Morgan Funds’ purchases: HDFC shares worth Rs 288 crore, UltraTech Cement shares worth Rs 49.3 crore

By: |
September 14, 2020 8:55 PM

As per the data, JP Morgan Funds bought over 16.28 lakh shares of HDFC at an average price of Rs 1768.2 apiece. At this price, the value of transaction stood at Rs 287.97 crore.

The hyperlocal tie-ups are relevant because even though groceries, etc, may not be typical festive products, overall consumption of these does go up during the festive season.The hyperlocal tie-ups are relevant because even though groceries, etc, may not be typical festive products, overall consumption of these does go up during the festive season.

JP Morgan Funds on Monday purchased shares of Housing Development Finance Corp Ltd (HDFC) worth Rs 288 crore through an open market transaction.

The shares were sold by Flagship India Investment Company (Mauritius) Ltd, block deal data on BSE showed.

As per the data, JP Morgan Funds bought over 16.28 lakh shares of HDFC at an average price of Rs 1768.2 apiece. At this price, the value of transaction stood at Rs 287.97 crore.

In addition, JP Morgan Funds also bought 1.26 lakh shares of UltraTech Cement at Rs 3,896.9 apiece. This took the total deal value to Rs 49.3 crore.

The shares were offloaded by Flagship Indian Investment Company (Mauritius) Ltd.

HDFC stock closed 1.75 per cent lower at Rs 1,737.30 on BSE, while that of UltraTech Cement settled with a gain of 0.36 per cent at Rs 3,910.90.

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