Reliance Mutual Fund has reduced stake in HSIL

Reliance Mutual Fund has reduced the stake in the listed company HSIL.

Explain that Reliance Mutual Fund’s Trustee Reliance Capital Trustee has sold 4,75,556 shares of HSIL through various schemes of the fund house. With this, the fund house’s HSIL has reduced its shareholding from 5.13% to 0.65% to 4.47%. Fund houses have sold these shares of the company on BSE and NSE. 

Meanwhile, despite the increase in the market, HSIL’s stock is showing weakness today. In the BSE, the shares of HSIL are open at Rs 240.00 compared to the last closed price of 242.05 rupees. At around 9.30 pm, it is running at Rs 239.10 with weakness of 2.95 rupees or 1.22%. At this level, the company’s market capitalization is Rs. 1,579.17 crore. At the same time, its last 52-week peak is Rs 449.00 and a low level of 186.00 rupees.

Explain that HSIL (the largest Indian sanitaryware maker company) is a company of HSIL Group, which is active in various businesses, including manufacturing, consumer products, packaging products and retail.

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