NDR InvIT Trust bulk deals: Radhakishan Damani picks Rs 100 cr stake; Rakesh Jhunjhunwala trust invests Rs 67 cr

Synopsis

Ace investor Radhakishan Damani and Aryaman Jhunjhunwala’s trust bought shares worth over Rs 166 crore in NDR InvIT Trust via block deals, lifting the stock 4.35% and hitting a fresh 52-week high.

Ace investor Radhakishan Damani and Rakesh Jhunjhunwala's trust on Tuesday bought shares in NDR InvIT Trust via block deals. Damani bought 87 lakh shares worth Rs 100 crore in the company while Aryaman Jhunjhunwala Discretionary Trust purchased 58 lakh shares at a deal size of Rs 66.70 crore.

The shares were bought at price of Rs 115 apiece.

NDR InvIT Trust shares today settled at Rs 120, gaining by Rs 5 or 4.35% over the Monday closing price of Rs 115.

NDR InvIT Trust is sponsored by NDR Warehousing Private Limited and it engages in infrastructure investments. The entity claims to have more than 60+ Warehouses and 37 industrial parks and focuses on quality and sustainability for each of our projects.

The company specializes in logistics and warehousing solutions and its 37 warehouses total approximately 19 million square feet across 15 cities as of February 28, 2025. It offers services to retail, e-commerce, 3PL, manufacturing, and imports and exports sectors.

NDR InvIT Trust was listed on the NSE on February 14, 2024 and its current market capitalization is Rs 4,752.15 crore.

Its shares today hit a fresh 52 week high of Rs 122. It has given returns of 16.5% in the past one year out performing the headline Nifty and BSE Sensex whose returns in the same period stand at a negative 2.41% and 2.89%, respectively.

Its shares are currently trading above its 50-day simple moving average (SMA) of Rs 104.9.

NDR InvIT Trust reported a consolidated net profit of Rs 38 crore in the quarter ended June 30, down 2.6% over 39.3% in the year ago period. Its total revenue in the said quarter stood at Rs 108 crore, recording a 42% jump over Rs 76 crore in the corresponding quarter of the previous financial year.

Also Read: Force Motors bulk deal: BNP Paribas sells shares worth Rs 122 crore in multibagger stock

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