KRBL goes up 6% after Mohnish Pabrai funds' stake buy

The stock of KRBL soared 6 per cent early on Wednesday after the US-based investor Mohnish Pabrai’s funds lapped up 64.18 lakh shares -- or 2.73 per cent stake -- in the rice exporter, bulk deal data on the BSE showed.

The Pabrai Investment Fund II LP picked 24 lakh shares of KRBL and The Pabrai Investment Fund IV LP went for 40.18 lakh shares at Rs 594 per share, the data showed.

KRBL closed Wednesday's session 6.37 per cent up at Rs 637.45 on BSE. The stock opened at Rs 620 and touched a high and low of Rs 646.65 and Rs 620, respectively.


Saudi Arabia-based Balsharaf Group's Abdullah Ali Obeid Balsharaf and Omar Ali Obeid Baksharaf sold 32.50 lakh shares each -- 2.76 per cent stake in total -- at Rs 594 per share.

The BSE shareholding data showed Abdullah Ali Obeid Balsharaf and Omar Ali Obeid Baksharaf held 75 lakh shares each, or a total of 6.38 per cent stake, in KRBL at December-end.

Other value investor Anil Kumar Goel and his wife Seema Goel held 5.05 per cent stake in KRBL at the end of December.

The scrip had hit a 52-week high of Rs 673 on December 21, 2017, and 52-week low of Rs 365 on February 22 last year.