US-based broker stocks up on Dalmia Bharat

A large US-based broker, which escaped unscathed in the credit crisis in 2008, is said to be mopping up shares of cement producer Dalmia Bharat Enterprises.

Market grapevine has it that the broker has bought about 20 lakh shares recently. As on March 2012, Valiant Mauritius Partners and Morgan Stanley (Singapore) held 6.678% and 2.78%, respectively. Shares of Dalmia Bharat Enterpises declined 1% to Rs 136.45 on Tuesday. The broker is said to have sold a chunk of GAIL on NSE on Tuesday.