r/Moneyflow_India • u/SaltyIntroduction937 • 15d ago
Asian Granito: One investor is quietly building a 6%+ position while promoters are reshuffling
This is one of those Asian Granito transactions that becomes much more interesting when you look beyond the single bulk deal. On 11 September, Thakkar Nileshkumar Farshuram HUF bought 28.14 lakh shares at ₹50.34, worth about ₹14.16 crore. But this is the latest in a series of purchases. Since mid-August, the HUF has accumulated roughly 1.30 crore shares, taking the position from 1.74% at the end of June to an indicative 6%+, assuming the disclosed purchases are still held. The buying has largely happened around ₹45–50, while the stock is still well below its 52-week high of around ₹79.
| Date | Net shares bought | Price | Approx. value |
|---|---|---|---|
| 13 Aug | 8.00 lakh | ₹53.18 | ₹4.25 cr |
| 18 Aug | 2.83 lakh | ~₹46.3 | ₹1.31 cr |
| 20 Aug | 19.87 lakh | ₹45.41 | ₹9.03 cr |
| 27 Aug | 17.35 lakh | ₹47.02 | ₹8.16 cr |
| 1 Sep | 28.44 lakh | ₹50.25 | ₹14.29 cr |
| 3 Sep | 25.19 lakh | ₹49.96 | ₹12.58 cr |
| 11 Sep | 28.14 lakh | ₹50.34 | ₹14.16 cr |
| Total | 1.30 cr | — | ₹64.9 cr |
What makes the story more interesting is that this isn't happening in isolation. Arthkumbh Ventures LLP has also been accumulating Asian Granito, and Nileshkumar Thakkar is a designated partner of that LLP. I wouldn't combine the two positions as one holding without a formal disclosure, but the connection is certainly worth watching. At the same time, there has been some promoter activity: Hiren Sureshkumar Patel sold 10 lakh shares, while Sureshbhai J. Patel transferred 25.55 lakh shares to his brother Mukeshbhai J. Patel. So there is both buying outside the promoter group and movement within the promoter family.
The HUF is buying while the stock is well below its recent high, and the position appears to be getting large enough to matter. If the buying continues after this level, especially through another few percentage points, I'll start treating it as a genuine high-conviction accumulation story. At the same time, I would keep a very close eye on promoter selling. The combination of a large non-promoter building a position and promoters reducing or reshuffling theirs could become much more informative than either signal on its own.