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Market News

Marshall Wace Investment Strategies-Eureka Fund Sells Shriram Finance Shares

Bulk Deal on NSE

MUMBAI: Marshall Wace Investment Strategies-Eureka Fund has made a significant move in the Indian stock market by selling shares of Shriram Finance worth 394 crore in a bulk deal on the National Stock Exchange (NSE) on Friday.

Details of the Deal

The hedge fund sold 1.4 million shares of Shriram Finance at a price of 2684.3 apiece. BNP Paribas Financial Markets was the buyer in this deal. This transaction has raised questions about the fund’s intentions and the potential impact on the stock’s performance.

Shriram Finance Stock Performance

Shares of Shriram Finance gained 1.75% to close at 2,731.3 on Friday, indicating a positive trend in the market. The stock has also shown a significant increase of 17.8% in the last one month, making it an attractive investment option for many investors.

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Conclusion

The sale of Shriram Finance shares by Marshall Wace Investment Strategies-Eureka Fund is a significant event in the Indian stock market. With AI legalese decoder, investors and analysts can gain a better understanding of this deal and its potential impact on the market. By decoding the legalese and technical jargon associated with financial documents, AI legalese decoder can help investors make informed decisions and stay ahead of the competition.

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