MOTILAL MF BUYS OVER RS 30 CR. SHARES IN SPECTRUM ELECTRICAL

*MOTILAL OSWAL MF BUYS OVER RS 30 CRORE SHARES IN SPECTRUM ELECTRICAL:-* Motilal Oswal Asset Management Company has acquired shares worth Rs 30.48 crore in Spectrum Electrical Industries, while Fidelity has sold a 2.69 percent stake in Computer Age Management Services through open-market transactions. Shares of Spectrum Electrical Industries hit a record high on Thursday, extending their winning streak by locking in the 5 percent upper circuit for the sixth consecutive session. The stock closed at a fresh high of Rs 2,878.60 on the National Stock Exchange. According to bulk-deal data from the stock exchanges, Motilal Oswal Mutual Fund purchased 1.15 lakh shares of Spectrum Electrical Industries, representing a 0.73 percent stake in the electrical components manufacturer, from Ajay Bhikamchand Jain for Rs 30.48 crore. In CAMS, Societe Generale ODI acquired 37.11 lakh shares, equivalent to a 1.49 percent stake, for Rs 253.05 crore. Goldman Sachs Investments Mauritius I also purchased 35.96 lakh shares, representing a 1.45 percent stake, for Rs 245.16 crore. Meanwhile, Fidelity Rutland Square Trust II Strategic Advisers FIDEMG Markets Fund and FMRC Fidelity Emerging Markets Fund offloaded 66.97 lakh CAMS shares, or a 2.69 percent stake, for Rs 456.64 crore. The shares were sold at Rs 681.80 apiece. CAMS shares recovered sharply after hitting an intraday low of Rs 681 following a weak opening. The stock traded within a range for most of the session before closing 0.42 percent lower.