Chittilappilly Thomas Kochuouseph, promoter of V-Guard Industries, and B.S. Ajai Kumar, one of the promoters of HealthCare Global Enterprises (HCG), each sold a 1% stake in their respective companies via bulk deals on Wednesday, totaling ₹245 crore.
Kochuouseph sold 41.5 lakh shares of V-Guard Industries at an average price of ₹370 on the NSE, a block valued at ₹154 crore. Ajai Kumar offloaded about 14 lakh shares of HCG on the BSE for ₹92 crore. While Axis Mutual Fund purchased the HCG shares, the buyers of the V-Guard block were not immediately known.
As of June 2025, Kochuouseph held a 9.4% stake in V-Guard, where total promoter holding stood at 54.3%. HCG’s promoter holding was 62.5%, with Ajai Kumar controlling 10.4%.
In Wednesday’s trade, shares of HCG gained 2.1% to close at ₹682.10 on the BSE, after touching a record high of ₹700.65, while V-Guard slipped nearly 1% to ₹370.45 on the NSE.
V-Guard reported a 0.7% year-on-year decline in June-quarter revenue to ₹1,466 crore, as a 16.3% drop in its consumer durables segment (due to an early monsoon impacting cooling product sales) offset growth in electronics (up 4.5%) and electricals (up 7.6%). Quarterly profit fell 25% to ₹74 crore.
Analyst sentiment remains positive: seven of eight analysts covering HCG have a “Buy” rating. For V-Guard, 14 of 22 analysts on Bloomberg rate it a “Buy,” five recommend “Hold,” and three advise “Sell.” Shares of V-Guard have fallen 12.3% so far in 2025, lagging the BSE 500 index’s 3.2% gain, while HCG stock has rallied nearly 40% this year.
