Street signs: CIL sees investor churn, big investors buy Himadri, and more

The activity in the primary market has gathered steam with as many as a six companies expected to launch their initial public offerings (IPOs) this month

Coal India sees investor churn 
 

The strong gains in the Coal India stock in 2018 has been accompanied by domestic institutions increasing their exposure in the counter. Coal India has gained 16.2 per cent in the year so far – the most among the Sensex companies. This rally has seen three big-ticket institutions – ICICI Prudential, Aditya Birla Sun Life and HDFC Mutual Fund – up their stake in the coal producer. Interestingly, leading foreign investor, BlackRock has sold close to 10 million shares of Coal India in March. This investor churn is expected to continue in the medium term,