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As per the bulk deals data available on the exchanges, Fireside sold 60.88 lakh shares in Honasa at an average price of Rs 378 per share
An analysis of institutional ownership in penny stocks, as defined by those with market capitalisation below Rs 1,000 crore and share price below Rs 25, shows that FIIs hold over 10% stake in a dozen such counters. Out of them, 7 have given double-digit returns in FY24 so far.