Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

HSBC Fund reduces stake in Everest Industries while Morgan Stanley buys 0.84%

5 May 2016Aakash Agarwal1 min read

Quick Facts

What is "HSBC Fund reduces stake in Everest Industries while Morgan Stanley buys 0.84%" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 5 May 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: Everest Industries
What does the "[Everest Industries](http://snap.capitalmind.in/#/nse/EVERESTIND)" section say?: Everest Industries offers building solutions for roofing, ceiling, wall, flooring and cladding and steel buildings for industrial, commercial and residential applications. The Company operates in two segments: building products and steel buildings. The building products segment includes manufacturing and trading of roofing products, boards and panels, other building products and accessories. The steel buildings segment consists of manufacture and erection of pre-engineered and smart steel buildings, and its accessories.
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

Everest Industries

Everest Industries offers building solutions for roofing, ceiling, wall, flooring and cladding and steel buildings for industrial, commercial and residential applications. The Company operates in two segments: building products and steel buildings. The building products segment includes manufacturing and trading of roofing products, boards and panels, other building products and accessories. The steel buildings segment consists of manufacture and erection of pre-engineered and smart steel buildings, and its accessories.

HSBC Progressive Themes Fund sold 80,000 shares or 0.52% while Morgan Stanley Singapore buys 130,000 shares or 0.84%. The holdings of both these funds prior to this deal is not known.

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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.