2 Microcap stocks fall over 5% after promoters offloaded up to 23 lakh shares in the company 

Published 24-06-2025, 11:40 am
Updated 24-06-2025, 01:15 pm
© Reuters.  2 Microcap stocks fall over 5% after promoters offloaded up to 23 lakh shares in the company

Indian benchmark indices extended gains in early trade on Tuesday, tracking a global relief rally after U.S. President Donald Trump announced a ceasefire agreement between Iran and Israel. At 10:50 a.m., the BSE Sensex was up 788 points at 82,685.23, while the NSE Nifty rose 221.30 points to 25,192.75.

ProPicks AI is now LIVE in India. ProPicks Strategies utilizes a blend of artificial intelligence (AI) and expert human analysis to spotlight stocks with the potential to outperform market benchmarks. Our Strategies such as Bharat Market Outperformers, Bharat Infra Titans, Bharat Mid-Cap Movers, Bharat Bargains, and Bharat Small Cap Gems have all beaten their respective benchmarks by handsome margins. To view the latest stock picks by AI, and make use of all other InvestingPro’s features such as Stock Screener, Fair Value, Financial Health, WarrenAI (the ChatGPT of financial markets), etc., avail Pro+ plan at a 45% discount here.

Here are the stocks plummeted up to 5% after Promoter sold stake in the company:-

1. Hilton Metal Forging

Hilton Metal Forging Limited is an India-based manufacturer of forged engineering components. The Company is engaged in manufacturing steel forgings, flanges, and forged fittings for the oil and gas industry, the petrochemicals industry, and the refineries industry.

With a market capitalization of Rs 161.37 crore, the shares were trading at Rs 68.96 per share, decreasing around 5 percent as compared to the previous closing price.

According to the filing, Promoter Yuvraj Hiralal Malhotra has sold 14.01 lakh shares in Hilton Metal Forging at an average price of Rs 73.4 per share, and 5.07 lakh shares at an average price of Rs 74.99 per share, which is totalled to 19.08 lakh shares (or 8.15 percent stake) valued at Rs 14.1 crore. However, as of March 2025 Yuvraj Hiralal Malhotra owns 58,37,559 equity shares, which represent 24.95 percent in the company.

2. Kerala Ayurveda

Kerala Ayurveda Limited is an India-based company. The Company is primarily focused on the area of manufacture of Ayurveda products, Ayurveda Research, Academies, Clinics, Hospitals, Ayurvedic Wellness Resorts and Services, cultivation of Ayurveda herbs, and maintaining a herbarium of medicinal plants.

With a market capitalization of Rs 606.44 crore, the shares were trading at Rs 504.00 per share, decreasing around 1.50 percent as compared to the previous closing price.

According to the filing, Promoter Katra Holdings has offloaded 23 lakh shares (18.28 percent stake approx) in Kerala Ayurveda at an average price of Rs 427 per share, amounting to Rs 98.21 crore.

However, Trishakti Power Holdings, Nimish Chandulal Shah, Aamara Capital, Bharat Jayakrishna Taparia, Setu Securities, Santosh Industries, Riddisiddhi Bullions, Bhatia Suresh, and Virendra Prakash Ranka are the buyers for those 23 lakh shares. However, Katra Holdings owns 64,93,435 equity shares, which represent 53.97 percent in the company as of March 2025.

Written by Abhishek Singh

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post 2 Microcap stocks fall over 5% after promoters offloaded up to 23 lakh shares in the company appeared first on Trade Brains.

Read More

How to make money in this volatile market through smart strategies?

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.