Mohnish Pabrai sold 3,25,35,212 shares of this penny stock below Rs 75 to CLSA Global Markets Pte Ltd via block deals!

The stock is up by 98.5 per cent from its 52-week low of Rs 37.43 per share.

Today, the stock market ended the day in green with BSE Sensex Index up by 0.47 per cent and NSE Nifty-50 Index up by 0.49 per cent. Along with the market in green, shares of Edelweiss Financial Services Ltd gained 0.72 per cent to Rs 73.81 per share from its previous closing of Rs 73.28 with an intraday high of Rs 74.31 and an intraday low of Rs 72.45. The stock’s 52-week high is Rs 87.8 and its 52-week low is Rs 32.43. The shares of the company saw a spurt in volume by more than 5.64 times on BSE.

Edelweiss Financial Services Ltd, founded in 1995, offers a wide range of financial services including investment banking, credit (retail and corporate), wealth management, asset management and insurance (life and general), and acts as a holding company providing managerial and financial support to its business operations. With a client base of 1.2 million, Edelweiss Financial Services Ltd has a network of 476 offices and nearly 11,000 employees. Notably, their asset management business is one of the fastest-growing in the industry.

Mohnish Pabrai is an Indian-American businessman, investor, and philanthropist. He was born in Bombay, India, on June 12, 1964. He is the founder and managing partner of Pabrai Investment Funds, a value-oriented investment firm that manages over USD 1 billion in assets.

On April 03, 2024, The Pabrai Investment Fund IV, L.P. sold 2,72,10,507 shares at Rs 69.2 per share aggregating to approx. Rs 188.3 crore via a block deal on NSE to CLSA Global Markets Pte Ltd.

On April 09, 2024, Pabrai Investment Fund 3 Ltd sold 53,24,705 shares at Rs 74.5 per share aggregating to approx. Rs 39.7 crore via a block deal on BSE to CLSA Global Markets Pte Ltd.

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Additionally, Radhika Gupta, CEO of Edelweiss Asset Management and a judge on Shark Tank India, leverages her financial expertise and strategic vision to empower entrepreneurs while advocating for working mothers and consistently demonstrating an impressive ability to identify promising business opportunities.

The company has a market cap of Rs 6,966 crore and has been maintaining a healthy dividend payout of 52.3 per cent. The stock is up by 98.5 per cent from its 52-week low of Rs 37.43 per share.

Disclaimer: The article is for informational purposes only and not investment advice.