Rs 804 crore worth block deals in Aptus Value Housing. Morgan Stanley, SBI MF are among buyers

Synopsis

Aptus Value Housing block deal: Aptus Value Housing Finance witnessed Rs 804 crore worth of block deals on Tuesday. Key buyers included Morgan Stanley, East Bridge Capital, SBI MF, Axis MF, and iRage Broking, acquiring shares at Rs 307 each.

Aptus Value Housing Finance India on Tuesday witnessed multiple block deals worth Rs 804 crore where Morgan Stanley, a Luxembourg-based fund and domestic mutual funds SBI MF and Axis MFs were buyers.

Morgan Stanley bought nearly 30 lakh shares in smallcap Aptus Value Housing worth Rs 92 crore. Another buyer was Luxembourg-based East Bridge Capital Master Fund which bought over 42 lakh shares worth Rs 129 crore.

SBI Mutual Fund bought 70.66 lakh shares at a cost of Rs 217 crore while Axis Mutual Fund bought 25 lakh equity shares at a price consideration of Rs 77 crore.

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Gujarat-based brokerage iRage Broking Services LLP also bought 93.95 equity shares worth Rs 289 crore.

The block deals were made at a price of Rs 307 a piece.

Shares of Aptus Value Housing Finance today ended at Rs 306 on the NSE, down by Rs 30.50 or 9.06% over the Monday closing price.

Aptus Value is a smallcap stock with a market capitalisation of Rs 15,294 crore.

Aptus Value shares have been market laggards witnessing a price erosion of 2% over the past 1 year versus Nifty's returns of 5.5% in the said period. On the year-to-date basis, the stock has rallied 5% versus just over 3% by the 50-stock index.

The stock is currently trading below its 50-day and 200-day simple moving averages (SMAs) of Rs 319 and Rs 320, respectively.

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