India's Craftsman Automation rises on bulk deals

Craftsman Automation

23/06/2023 06:29

** Shares of Craftsman Automation Ltd  CRAF.NS  rise as much
as 2.7% to 4,099 rupees
    ** Axis Mutual Fund bought 126,260 shares while Goldman
Sachs Funds bought 505,050 CRAF shares in the auto ancillary
company in bulk for average price of 3,960 rupees on Thursday,
as per NSE Data
    ** Separately, shareholder Srinivasan Murali sold 800,000
shares at the same price on Thursday
    ** About 30,100 shares change hands by 10:53 a.m. IST, 0.6x
the 30-day avg of 53,959 shares - Refinitiv Data
    ** All seven analysts covering CRAF have a "buy" or higher
rating; median PT is 3,950 rupees
    ** Stock currently up ~1%, extending YTD gains to ~15%


 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))