The stock had surged 15% on Tuesday, following a 5% move on Monday, taking the gains over the last three trading sessions to well over 30%.
Shares of this company have been in focus after a block deal that took place in the stock on Tuesday.
As per the data available, Morgan Stanley Asia (Singapore) Pte. acquired 6.71 lakh shares of the company on Tuesday in the block deal, which amounts to around 0.7% of the total equity.
Think India Opportunities Master Fund LP was the seller in the transaction. Think India Opportunities is one of the largest public shareholders in Niyogen Fintech, with around 9.2% stake at the end of the September quarter.
Promoters of the company hold a 39.3% stake in the company as of September 30.
Niyogen Fintech has many other prominent names that feature in the list of public shareholders. Madhuri Madhusudan Kela’s name also features in that list with a 5.28% stake as of September. Debiprasad Sarangi, Amee Parikh also have a 3.47% and 1.13% stake in the company respectively.
Hiren Ved’s Alchemy Capital Management also has a 2% stake in Niyogen Fintech as per the shareholding pattern.
Besides Think India Opportunities Master Fund, other FPIs whose names feature in the shareholding list include the UPS Group Trust with a 1.75% stake and Vikasa India EIF I Fund with a 4.09% stake.
India’s domestic Mutual Funds do not have an exposure to the stock.
Shares of Niyogen Fintech are trading 11.1% higher at ₹69.19. However, despite this recent surge, the stock has been an underperformer, declining 26% so far in 2024 and is down 5.5% over a 12-month period.
