ICICI Pru MF cuts stake in Rolex Rings to 5.23%
ROLEXRINGS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 4.4 pts less than Nifty Microcap 250 and 4.8 pts less than its Auto Components & Equipments peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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ICICI Prudential Mutual Fund sold 10 lakh shares of Rolex Rings on October 6, 2026 via open market and buyback. Overall, its stake dropped from 7.39% (about 2.01 crore shares) to 5.23% (about 1.37 crore shares), a 2.16% decline since November 2022. The fund clarified it is not a promoter and holds purely as an investment.
Large MF exit may weigh on sentiment. No governance impact since fund is not a promoter and still holds above 5%.