DP Wires jumps after Amitabh Bachchan trims stake via open market deal

DP Wires jumps after Amitabh Bachchan trims stake via open market deal


Shares of steel wires manufacturer DP Wires Ltd climbed nearly 5% in early trade after Bollywood actor Amitabh Bachchan reduced his stake in the company through an open market transaction.

According to bulk deal data on the National Stock Exchange (NSE), Bachchan sold 1,23,622 shares, representing about 0.79% stake, at an average price of ₹200.84 per share. The total value of the sale stood at approximately ₹2.48 crore.

At the end of the March quarter, the veteran actor held 2.11% stake (about 3.27 lakh shares) in DP Wires.

Interestingly, the data also showed that Bachchan had simultaneously bought 41,566 shares at an average price of ₹199.90 per share, amounting to ₹83.09 lakh, though the identities of other buyers in the transaction were not disclosed.

Following the deal, DP Wires stock gained momentum, rising about 4.56% to ₹213.03 on the NSE.

The company, based in Madhya Pradesh, manufactures steel wires used in industrial applications, and has seen increased investor attention amid high-profile shareholding changes.

The mixed buy-and-sell activity from a marquee investor like Bachchan is likely to keep the stock in focus in the near term, even as broader market sentiment remains the key driver of price movement.



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