Stocks

Quant Mutual Fund: Quant Mutual Fund buys 1.9% stake in this multibagger stock

Quant Mutual Fund bought 4,556,962 equity shares or a 1.9% stake in Punjab Alkalies and Chemicals on Tuesday at an average traded price of Rs 79 per share, BSE bulk deals data shows. This was at a decent discount of 4% to the previous day’s closing price of Rs 82.4 per share.

There were other bulk deals in the counter by Bonanza Commodity Brokers, and in another transaction as many as 2,100,000 equity shares of

were sold by Paramone Concepts at an average traded price of Rs 79.18/share.

Punjab Alkalies, with a m-cap of around Rs 1,900 crore, is a multibagger with 1-year return of 166%. The stock in the last three years has offered a handsome return to the tune of 848%.

Incorporated in 1975, the company’s main product is caustic soda, and by-products are hydrochloric acid, liquid chlorine, sodium hypochlorite and hydrogen gas. The company is the largest producer of caustic soda in the North India.


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