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As per the bulk deal data on the BSE, Ashish Rameshchandra Kacholia on 11 April 2023 bought 4 lakh equity shares, or 1.98% equity, of Venus Pipes at Rs 750 per share.
At the same time, Nuvama Wealth Finance sold 1.3 lakh equity shares, or 0.68% equity, at Rs 750.02 per share.
Venus Pipes & Tubes makes stainless steel welded and seamless pipes, tubes, and U-tubes. The company's net profit rose 41.71% to Rs 11.28 crore on a 28.12% rise in net sales to Rs 136.11 crore in Q3 FY23 over Q3 FY22.
The stock was listed on the stock exchanges on 24 May 2022. The scrip was listed at Rs 335, representing a premium of 2.76% to the initial public offer (IPO) price of Rs 326.
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