Nippon India Mutual Fund picks up stake in Orient Electric
Shares of Orient Electric rose more than 6% following a bulk deal in which Nippon India Mutual Fund purchased 12.5 lakh equity shares. The acquisition was made at an average price of ₹178 per share, totaling approximately ₹22.25 crore. Data from the June 2026 quarter shows that promoters maintained a 38.30% stake, with domestic institutional investors (DII) and foreign institutional investors (FII) holding 32.49% and 3.28%, respectively.
by shortkt.com✓