According NSE bulk deals data, Abakkus Emerging Opportunities Fund - 1 bought 5,74,842 shares (equivalent to 2.35% equity) of Technocraft Industries at an average price of Rs 311 apiece.

Simultaneously, DSP Emerging Stars Fund sold 6,81,455 shares (2.79% equity) of the company at an average price of Rs 311.03 per share. DSP Emerging Stars Fund held 7,18,516 shares (2.94% stake) of Technocraft as on 30 September 2020.

Well-known fund manager Sunil Singhania, quit Reliance Mutual Fund in 2018, to set up Abakkus Asset Manager.

Tecnocraft Industries (India) is an an Indian multinational company with interest across closures, scaffolding systems, formworks, textiles & engineering services.

The company's consolidated net profit declined 38.1% to Rs 21.46 crore on a 7.7% fall in net sales to Rs 299.80 crore in Q2 FY21 over Q2 FY20.

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Net profit of Technocraft Industries (India) declined 38.12% to Rs 21.46 crore in the quarter ended September 2020 as against Rs 34.68 crore during the previous quarter ended September 2019. Sales declined 7.65% to Rs 299.80 crore in the quarter ended September 2020 as against Rs 324.64 crore during the previous quarter ended September 2019.

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Technocraft Industries (India) will hold a meeting of the Board of Directors of the Company on 11 November 2020.

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Technocraft Industries (India) has incorporated a wholly owned subsidiary for textile business, namely Technocraft Fashions on 15 October 2020.

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