Bharat Wire Ropes releases shareholding details for December end

Bharat Wire Ropes has released shareholding details for end-December, showing Next Orbit Ventures and others offloading their shares, with NOV bringing down its holdings from 7.81% end September to 2.49% end December. Other major shareholders have also brought down holdings by more than 3.5%. The company stock began showing unusual activity on Jan 2, spiking to new highs before falling sharply on Jan 3 at the opening bell.

BSE has classified it as a restricted stock since yesterday to protect investors. The shareholding disclosure for the month of Jan will give more insights on where the offloading occurred.