Life Insurance Corporation of India, the largest investor in the Indian stock market, seems to have formed a bullish opinion on Amtek Auto. The LIC is believed to have bought over Rs. 100 crores of Amtek Auto shares at an average price of Rs. 165/- each over the past few months.
In fact, LIC is not alone. Birla Sun Life (Mutual Fund and Life Insurance) too is believed to have picked up over Rs. 125 crores of Amtek Auto shares at an average price of Rs. 170/- each during the past few months.
Some of the others who bought into the auto parts maker recently include: Swiss Finance Corporation, Macquarie Bank and Copthall Mauritius.
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