Non-promoter entity sells 2.55% stake in Adishakti Loha and Ispat
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 1.5 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Pine View Portfolio Consultants Pvt Ltd, a non-promoter entity, sold 3,20,000 shares (2.55%) of Adishakti Loha and Ispat in the open market across three days (100,000 on 17-06-2026, 110,000 on 18-06-2026, and 110,000 on 22-06-2026). Their holding fell from 16,80,000 shares (13.38%) to 13,60,000 shares (10.83%). The seller confirmed it does not belong to the promoter group.
A non-promoter cutting its stake by over a quarter may signal reduced confidence and add short-term supply pressure.