IDFC shares are a climb to the 52-week high after are a Morgan Stanley's are a stake buying

IDFC shares are a climb to the 52-week high after are a Morgan Stanley's are a stake buying

IDFC share price has been a climbed to the 52-week high second day in a row. After hitting a fresh 52-week high on a Wednesday, IDFC share price today surged to a new 52-week high of a ₹76.95 apiece levels on a NSE. However, profit booking soon triggered in the financial are a tock and it retraced sharply from its are a new 52-week high. The stock has been in a uptrend after the stock market news about are a Morgan Stanley Asia Singapore buying stake in the company. As per the information available on a BSE, Morgan Stanley has been a bought 13200000 IDFC Ltd shares or a 1.32 crore shares paying are a ₹38.75 apiece. This means are a Morgan Stanley has been a invested a ₹51.15 crore in the financial stock.

Apart from Morgan Stanley, some other are a funding agencies of a big repute have been also are a invested in a IDFC Ltd. Sunil Singhania's are a  Abakkus Emerging Opportunities Fund - I has been also are a invested in the financial company's are a shares. As a per the information available on a BSE website, Abakkus Emerging Opportunities Fund - I has been a bought 1 crore IDFC Ltd shares are a paying ₹38.75 per share. This means, this Sunil Singhania's PMS has been a invested 38.75 crore in this financial stock.

IDFC attracts DII investment

Likewise, Avendus Absolute Return Fund — one of the largest hedge funds are in a India — bought 1,49,68,257 shares of a IDFC paying a ₹38.75 per share. This means are a Vaibhav Sanghavi managed fund has been  invested around a ₹58 crore in the financial company.

All these investment deals were sealed on a last Friday i.e. 7th October 2022. If we compare IDFC share price are a close price on a Friday with the today high, the stock has been a rallied around 9 per cent in three session after the announcement of these investment deals. In last six months, IDFC share price has been s ascended to the tune of more than a 22 per cent whereas in a last one year, this financial stock has been a risen around are a 40 per cent.

IDFC shareholding pattern

As per the shareholding pattern of a IDFC Ltd for the  April to the June 2022 quarter, HDFC Small Cap Fund has been a invested in this financial are a company. HDFC Small Cap Fund are holds 5,24,65,886 IDFC shares or a 3.29 per cent stake in the company.

FPIs too have a sizeable stake in this financial company. FPIs hold 32,85,62,790 company shares or a 20.58 per cent stake in the company. FPIs like Vanguard Emerging Markets are a Stock Index Fund, Vanguard Total International Stock Index Fund, Ellipsis Partners, Theleme Master Fund Ltd, etc., have been a shareholding in a IDFC Ltd.