A set of bulk deals on February 3 put the spotlight on ownership changes across multiple counters, led by activity in Ramco Systems where a promoter entity stepped up buying even as an institutional investor pared stake.

Ramco Management, classified under the promoter group, acquired 10.2 lakh shares representing a 2.7 percent stake in Ramco Systems through open market transactions at an average price of Rs 500.02 per share. The purchase translated into an investment of about Rs 51 crore.

On the other side of the trade, HDFC Asset Management Company through its Balanced Advantage Fund offloaded 9.74 lakh shares, equivalent to a 2.6 percent stake, at an average price of Rs 499.2 per share for roughly Rs 48.65 crore. As of December 2025, HDFC AMC’s Balanced Advantage Fund held a 5.45 percent equity stake in Ramco Systems.

The stock responded positively. Shares of Ramco Systems rose 3.1 percent to close at Rs 501.35 on the NSE, marking the seventh consecutive session of gains. Trading volumes were elevated through the day, and the price action extended a rally that began after a bullish engulfing pattern formed on January 26.

Ramco Systems operates in the enterprise software space, offering cloud-based ERP, HR, and aviation software solutions globally. The company has long been seen as a niche midcap technology player with exposure to global clients and specialized vertical software offerings, particularly in aviation maintenance and enterprise resource planning.

In such companies, promoter action often carries a signalling effect for markets. Open market purchases by promoters are typically interpreted as a vote of confidence in valuations and business trajectory, especially when undertaken during periods of price consolidation or after prolonged underperformance.

The key change is in ownership mix rather than operations.

• Promoter holding has increased through a direct market purchase.

• A large domestic institutional investor has reduced exposure through a bulk deal.

• The transaction price for both sides of the trade was almost identical, indicating a negotiated market-level exit and entry rather than distress selling or aggressive accumulation.

This is important because it reflects a shift in who is willing to hold the stock at current valuations rather than a repricing of the business fundamentals.

For investors tracking midcap technology names, promoter participation at prevailing prices often influences short-term sentiment. In Ramco’s case, the promoter purchase happened when the stock was already in an upward technical trajectory.

The transaction effectively absorbs institutional supply without pressuring the price, which partly explains the strong price action and sustained volumes. Markets often interpret such absorption as reducing near-term overhang risk.

At the same time, the fact that a Balanced Advantage Fund chose to pare exposure suggests portfolio rebalancing rather than a fundamental call on the business. Such funds dynamically adjust equity exposure based on asset allocation models, and exits do not necessarily reflect a negative view on the company.

The transactions were executed via open market bulk deals and disclosed as per exchange norms. There were no operational announcements from the company alongside these trades.

However, the price pattern preceding the deal especially the bullish engulfing formation on January 26 indicates that technical traders were already building positions before the ownership reshuffle became visible.

The February 3 session saw similar ownership shifts in other counters:

• Capacite Infraprojects saw Singularity Equity Fund I sell 6.21 lakh shares (0.73 percent stake) at Rs 227.39 per share for Rs 14.12 crore. Despite the sale, the stock rallied 7.5 percent to Rs 228.61.

• Vardhman Polytex surged 12 percent after Pine Oak Global Fund acquired 1.5 crore shares (5.18 percent stake) at Rs 6.9 per share for Rs 10.35 crore from an existing shareholder.

• Pine Oak Global Fund also bought shares in Candour Techtex.

• 360 ONE Prime sold 79.1 lakh units in Brookfield India Real Estate Trust REIT.

These trades highlight that market momentum in several midcap counters is coinciding with large ownership churn rather than being dampened by it.