Shankar Sharma buys Stake in MOS Utility, Stock Hits Record High

Indian stock market guru, Shankar Sharma, just made a smart move by buying a bunch of MOS Utility shares. The latest info from the NSE website reveals that Sharma grabbed 1,48,800 shares of this small NSE SME stock. The news created a buzz, and MOS Utility shares saw a lot of people rushing to buy in the morning. The stock even reached a new high of ₹172.40 each, making it the highest in the last 52 weeks.

Shankar Sharma’s Move:

Shankar Sharma didn’t hold back – he went for a bulk deal on March 1, 2024, buying 1,48,800 MOS Utility shares at ₹151.30 each. So, he put in a hefty ₹2.25 crore into this NSE SME stock.

Other Players in the Game:

But Sharma wasn’t the only one playing. SW Capital Private Limited joined the action on the same day, purchasing 2,19,200 MOS Utility shares at ₹150.31 per share. They sold 1,71,200 shares at ₹151.12 each, pocketing a cool profit of ₹1,38,672 after keeping 48,000 shares.

MOS Utility’s Stock Journey:

The MOS Utility IPO kicked off in April 2023, starting at ₹72 to ₹76 per share. It had a fantastic debut on the NSE SME Emerge platform, opening at ₹90 per share, giving lucky investors an 18% bonus. Fast forward nearly a year, and the SME stock has hit a whopping ₹172.40 per share, bringing in substantial returns for those who stuck with it.

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