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ICICIBANK
On the first day of trade, 3.6 lakh shares of All Time Plastics Ltd were sold by private lender ICICI Bank, generating approximately ₹10 crore. The average price at which the shares were sold was ₹293.97 each. In contrast to the IPO price of ₹275, the shares of the Mumbai-based plastic consumer goods manufacturer floated for ₹313.60 on Thursday.
Sun Life Excel India Fund purchased around six lakh shares for approximately ₹18 crore at an average price of ₹302.90 each, according to bulk trade data from the NSE. As part of their treasury activities, banks and other financial institutions usually invest in stocks and bonds; according to ICICI Bank's annual report, their treasury-related gains in FY25 were ₹1,903 crore, while in FY24 they were only ₹9 lakh.
₹1,856 crore is the company's market capitalization.#TechnicalViews#FundamentalViews#StockInNews#WatchOutFor#IndexStrategies
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