Pine Oak Global Fund sells 3.62 percent stake in Ganga Forging via open market

Fii Holding DeclinedOwnership Changes View source PDF Explain this filing

GANGAFORGE · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+4.2%Reaction day

₹2.12

prior close

₹2.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.1%+4.3% vs market

Castings & Forgings peers, median of 22sector-0.0%+4.3% vs sector

On the reaction day the stock moved 4.3 pts more than Nifty Microcap 250 and 4.3 pts more than its Castings & Forgings peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.3

10m

+2.8

15m

+2.8

30m

+2.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+4.2-0.1+4.3-0.0+4.3

Next day

+9.0-0.2+9.2-1.6+10.5

+13.7+0.1+13.5-0.7+14.3

+18.9+0.3+18.6-2.2+21.1

+24.1+0.4+23.7-2.0+26.1

+17.5+0.5+17.0+0.4+17.1

+6.6+0.3+6.3+0.0+6.6

15d

-20.3+1.9-22.1+1.9-22.2

-23.1+2.2-25.3+9.3-32.4

-29.7-1.2-28.6+2.4-32.1

—————

UpDownMarket · Nifty Microcap 250Sector · Castings & Forgings peers, median of 22Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Pine Oak Global Fund, a Mauritius-based non-promoter investor, sold 1,22,16,663 shares (3.62 percent) of Ganga Forging in the open market across 4, 5 and 6 Aug 2026. Its stake in the company fell from 9.79 percent to 6.17 percent.

Likely market impact

A non-promoter foreign fund offloading 3.62 percent stake in three sessions may weigh on the stock and signals weaker institutional interest.