Mukul agrawal

According to the data available on the BSE, Societe Generale bought 24,17,500 shares or a 3.5 percent stake in the company at an average price of ₹ 190.00 apiece on June 13, 2023. This takes the total deal value to ₹ 45.93 crores. On the other hand, another company Newquest Asia Investments II sold 32 lakh shares or a 4.7 percent stake at an average price of ₹ 190.04. The company’s shares gained 26% in a short span of time, since June 02, 2023, and that might be a reason why a few investors might have booked partial profits. As a result, at 02:36 PM, the company’s shares were trading at ₹ 206.75 apiece, lower than their intraday high. The company recently announced plans to raise ₹ 96.30 crores through a preferential issue of equity shares. It plans to utilize the raised funds to support the company’s long-term working capital requirements. Capacite Infraprojects is a small-cap company with a market capitalization of ₹ 1,394 crores. It has a low return on equity of 9.35%, but an ideal debt-to-equity ratio of 0.34. Its shares were trading at a price-to-earnings ratio (P/E) of 14.88 which is higher than the industry average of 8.50, indicating that the stock might be overvalued as compared to its peers, or investors are willing to pay a higher price for its earnings. Written by Simran Bafna

Bio Successful & leading capital market investor in India, having more than 2 decades of experience in listed as well as unlisted space. Being an avid reader, has in-depth knowledge on economy and politics and also from time to time advises leading corporates. He is associated with various reputed social institutions in the streams of health care and education.

Ion Exchange (India) is a mid cap company that recorded a market cap of Rs 6,345.31 Cr during Friday's closing session. One of the top providers of water and sustainability management solutions in India is ION Exchange. Ion Exchange has been a leader in water treatment in India for more than 50 years, and today it is a world-renowned leader in water and environmental sustainability. On Friday's closing session the stock ended at an upside gap of 7% but the stock is likely to remain in focus today as it is going to trade ex-split for 1:10 ratio. Among other stocks in focus today on 12th June, Monday, Reliance Industrial Infrastructure, Apcotex Industries, Tata Investment Corporation, Indian Bank, ICICI Lombard and Cyient are the 6 stocks that are going to turn ex-dividend today and are likely to witness a price action during the trading session.