Morgan Stanley buys 4 small-caps through bulk deals

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Global financial firm Morgan Stanley made as many as 4 purchases in small-cap stocks through bulk deals on NSE and BSE on March 30, data available with exchanges showed.

The four stocks in which Morgan Stanley bought stocks were

  • Kalyani Investment Company, (93000 shares @ 865.05 = Rs 8.04 crores)
  • Nalwa Sons Investments, (53000 shares @ Rs 475.05 = Rs 2.52 crores)
  • Summit Securities and (105000 shares @ Rs 233.50 = Rs 2.5 crores)
  • Rajapalayam Mills (87000 shares @ Rs 458.05 = Rs 4 crores)

Stock prices has been bit hard due to COVID-19 situation. The valuations are now attractive for long term investors.

Source: MoneyControl