Stock Market Today: MOS Utility Ltd share price remains in focus as five Foreign Institutions have taken stake in the small cap stock.
MOS Utility Ltd share price having more than doubled since July’2024 lows has grown almost 4 folds in last one year and hence given Multibagger returns to the investors
FII pick up stakes
As per bulk deals data available on NSE, five Foreign Instructional investors (FII) have picked up stakes in the MOS Utility stock. These include Saint Capital Fund, AG Dynamic Funds Ltd., Minerva Ventures Fund, Nexpact Ltd. and Bridge India Fund, that have picked up stake in MOS Utility Ltd on 26 September 2024. Saint Capital Fund picked up 15,40,000 shares,
AG Dynamic Funds picked up 2,69,600 shares, while Bridge India Fund picked up 5,49,600 shares.
In the Recent past the MOS Utility share price has also remained in focus as it had entered into Share subscription/share purchase agreement to acquire 51% equity shares of Samvriddhi Inclusive Growth Network Private Limited. Samvriddhi Inclusive Growth Network is engaged in the business of providing financial inclusion and financial services etc. related services on pan India basis through its network of agents.
MOS Utility Limited provides a variety of fintech and utility payment solutions services to businesses and consumers. As per the Block deal data in September Minerva Ventures Fund and Saint Capital Fund acquired a stake in MOS Utility at an average price of ₹285.94 and ₹285, respectively.
MOS has associated with renowned actor Nawazuddin Siddiqui to amplify its mission of financial inclusion. Helped by this strategic collaboration, MOS aims to highlight the convenience and accessibility of its financial services, showcasing how they cater to the diverse needs of individuals across India. Mr. Siddiqui’s relatable and humble personality seamlessly aligns with MOS’s customer-centric approach, resonating with the masses.
By tapping into his massive fan following spanning urban and rural India, MOS seeks to bridge the financial divide, promoting economic empowerment and social mobility.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions
