Rs 16,600-cr worth block deals take place this week; Mankind Pharma, Shriram Finance see significant action
In the largecap segment, 15 companies witnessed significant block deals.
Notwithstanding a truncated trading week, Nifty50 ended 1.6% higher on a weak-on-weak basis. Over three dozen companies from large, mid and smallcap segments witnessed prominent worth Rs 16,624 crore which included both buying and selling action.In the largecap segment, 15 companies witnessed significant block deals that were worth Rs 8,026 crore led by which saw equity worth Rs 2,639 crore changing hands. The next in line were (Rs 895 crore), (Rs 816 crore), (Rs 614 crore), (Rs 570 crore), (Rs 548 crore), Mahindra & Mahindra (Rs 348 crore), and (Rs 243 crore).
Sun Pharmaceuticals, , , Larsen & Toubro (L&T), (LIC), Dr Reddy’s Laboratories and also saw block deals between Rs 240 crore and Rs 146 crore.
The data has been compiled by brokerage firm and pertains to deals done this week between 8:45 am and 3:30 pm.
In the midcap segment, a dozen companies witnessed prominent block deals on screen which were worth Rs 4,253 crore. The leader in the pack was with a deal size of Rs 1,793 crore followed by (Rs 1,327 crore), (Rs 323 crore) and (Rs 210 crore). The others were Delhivery, Macrotech Developers, Oberoi Realty, Policy Bazaar (PB Fintech), Colgate Palmolive, Max Financial, Sona BLW Precision and Tata Elxsi which saw deals between Rs 141 crore and 41 crore.
As for the smallcap stocks, block deals worth Rs 4,345 crore were struck in 12 companies. The number one spot went to Aster DM Healthcare (Rs 2,041 crore) followed by CDSL Systems (Rs 1,515 crore) and Rategain Travel Technologies (Rs 251 crore). The others were SG Mart, Ethos, CE Infosystems, Aditya Vision, Five Star Business Finance, HFCL, BLS International, Restaurant Brands Asia and Global Health which saw deals between Rs 99 crore and 50 crore.
Nuvama also reported prominent bulk, block and insider deals in 7 stocks. Among them were Mankind Pharma where Beige sold shares worth Rs 2,470 crore. In Aster DM, Olympus Capital sold shares worth Rs 406 crore while Nippon India MF bought shares worth Rs 405 crore.
The other stocks which saw prominent bulk, block and insider deals include Samhi Hotels, Ethos, Aditya Vision and Vijaya Diagnostics.
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Source: Stocks-Markets-Economic Times
