The stock of the company jumped over 3 percent after major global investors like Goldman Sachs, Morgan Stanley, and Societe Generale, along with others, bought up to 2.86 crore shares. This strong buying interest from top financial institutions boosted investor confidence and drove the stock price higher.
Here are the 2 stocks in which promoters offload stakes
Azad Engineering Limited
With a market capitalization of Rs. 10,894.94 crores, the share of Azad Engineering Limited has reached an intraday high of Rs. 1,692.95 per equity share, rising nearly 2.61 percent from its previous day’s close price of Rs. 1,649.95. Since then, the stock has retreated and is currently trading at Rs. 1,687 per equity share.
On June 6, 2025, Rakesh Chopdar, a promoter of Azad Engineering Limited, sold a portion of his stake in the company. He offloaded 31.67 lakh shares at an average price of Rs. 1,623.78 per share through a bulk deal.
Before this sale, Rakesh Chopdar held 3.83 crore shares, which accounted for 59.35 percent of the company’s total shares. The sale reduced his stake by approximately 0.49 percent, bringing his holding to about 58.86 percent. The total value of the shares sold was around Rs. 514.37 crore.
On the same day, Nomura India Investment Fund Mother Fund increased a 0.06 percent stake in the company. The mutual fund bought 410,515 shares at an average price of Rs. 1,616.85 per share, for a total of Rs. 66.37 crore. Before this purchase, Nomura held 951,087 shares, which were 1.47 percent of the company’s shares. This acquisition increased its total holding to approximately 1.53 percent, or 13.61 lakh shares.
Azad Engineering Limited was established in 1983 and manufactures highly engineered, mission-critical components and turbines for the aerospace, defence, energy, and oil and gas industries, supplying original equipment manufacturers (OEMs) globally from its advanced facilities in Hyderabad, Telangana.
Bajaj Finserv Limited
With a market capitalization of Rs. 322,878.11 crores, the share of Bajaj Finserv Limited has reached an intraday high of Rs. 2,058.15 per equity share, rising nearly 3.5 percent from its previous day’s close price of Rs. 1,989.40. Since then, the stock has retreated and is currently trading at Rs. 2,020.75 per equity share.
On June 6, 2025, Bajaj Finserv promoter Bajaj Holdings and Investment Limited sold 1.04 crore shares via a block deal at Rs. 1925.20 each, worth Rs. 2002.31 crore. Additionally, Jamnalal Sons Private Limited offloaded 1.82 crore shares at the same price through bulk and block deals, totaling Rs. 3,503.86 crore. These transactions reflect a combined stake sale of 2.86 crore shares.
On the same day, several prominent mutual funds and financial institutions participated in large-scale block deals, acquiring shares of the company at an average price of Rs. 1,925.20 per share. Among the top buyers, SBI Mutual Fund and ICICI Prudential Life and Mutual Fund made the largest purchase, acquiring 77.92 lakh shares each valued at Rs. 3,000.32 crore.
Other key participants included Aditya Birla Sun Life Mutual Fund (12.99 lakh shares), HDFC Mutual Fund (11.66 lakh shares), Goldman Sachs (4.46 lakh share), BOFA Securities Europe SA (16.22 lakh shares), Morgan Stanley Asia Singapore Pte (23.12 lakh shares), Societe Generale (10.11 lakh share), JP Morgan’s various entities (9.35 lakh shares), and more.
Bajaj Finserv Limited was established in April 2007 and is a leading Indian non-banking financial services company headquartered in Pune. It provides lending, insurance, asset, and wealth management solutions, serving over 100 million customers through its diversified financial product portfolio.
Written By – Nikhil Naik
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