The data showed he continues to hold 9,66,446 shares in the firm. However, his stake in the firm has come down to 3.09 per cent from 3.20 per cent at the end of December quarter as the total number of outstanding shares increased.
The stock has returned 98 per cent in the last one year. In the last one month, it is up 13 per cent.
Mutual funds, meanwhile, raised stake in the firm. They now own 46,01,062 shares of the company than 45,77,840 in the previous quarter. Foreign portfolio investors also raised their stake in the firm.
ICICI Lombard General Insurance Company also became a shareholder in the firm during the quarter. It now holds 1.15 per cent, as per March quarter data. The insurer did not figure in the shareholding data for the December quarter.
Retail investors also were buyers of the stock during the quarter.
Analysts consensus recommends a ‘buy’ on the counter. The median target of analysts is at Rs 739. The highest target pegs the stock at Rs 860 in a year while the lowest puts the estimate at Rs 564.
The counter closed up 0.25 per cent at Rs 774.05 on BSE.
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