Rs 15,800 crore worth block deals sealed this week. HDFC Bank, Zomato in top action

The week gone by has seen Nifty50 hitting new lifetime highs and ending with weekly gains of 1.88%, fueled by prominent block deals worth Rs 15,888 crore. These deals were executed in more than three dozen companies across the large, mid, and smallcap segments.

In the large cap segment, 15 companies witnessed significant block deals on-screen, totaling Rs 9,599 crore. Leading the pack was HDFC Bank with a staggering 315 block counts, amounting to Rs 5,195 crore. Following closely were Reliance Industries (Rs 1,779 crore), Larsen & Toubro (Rs 552 crore), HDFC Life Insurance Company (Rs 293 crore), and Zomato (Rs 220 crore).

The other names were Tube Investments of India, NTPC, Shree Cement, Cholamandalam Investment & Finance Company, Adani Ports & Special Economic Zone, Hindustan Unilever (HUL), Bajaj Holdings, Infosys, Mahindra & Mahindra, and Tech Mahindra, with block deals ranging between Rs 214 crore and Rs 102 crore.

The data was compiled by the brokerage firm Nuvama and covers the period up to Thursday, September 14, 2023. The deals were executed between 8:45 am and 3:30 pm.

Source: Nuvama

In the mid cap segment, a dozen companies witnessed prominent block deals on-screen that were worth Rs 4,163 crore. Topping the list was Restaurant Brands Asia with a deal size of Rs 1,494 crore, followed by L&T Finance Holdings (Rs 932 crore), IRFC (Rs 628 crore), and Macrotech Developers (Rs 205 crore). The others, including Rail Vikas Nigam Limited (RVNL), Aurobindo Pharma, Shriram Finance, Indus Towers, Max Healthcare, Page Industries, NHPC, and Phoenix Mills, saw deals ranging from Rs 181 crore to 83 crore.

Source: Nuvama

Regarding small cap stocks, block deals worth Rs 2,126 crore were struck across 12 companies. Leading this segment was Praxis Home Retail (Rs 549 crore), followed by Triveni Engineering & Industries (Rs 314 crore) and Five Star Business Finance (Rs 243 crore). Other companies involved were Suzlon Energy, Aster DM Healthcare, Ircon International, CMS Info Systems, Aditya Vision, Mahanagar Gas, Suven Pharma, Bikaji Foods, and KNR Constructions.

Source: Nuvama
Nuvama also reported prominent bulk, block, and insider deals in 10 stocks with details on buyers and sellers. For instance, in L&T Finance Holdings, BC Asia Investments sold shares worth Rs 1,219 crore, while BNP Paribas Arb, SBI Life, DSM Mutual Fund, Bajaj Allianz, Axis MF, and others purchased shares in the company. Similarly, in IDFC First Bank, investors such as GQG Partners, ADIA, and others acquired stakes, while Vemby Vaidyanathan sold his shares worth Rs 479 crore.

Other stocks that experienced prominent bulk, block, and insider deals include Suven Pharma, Mahanagar Gas, Shyam Metalics and Energy, CMS Info Systems, Rishabh Instruments, KNR Constructions, and Ugro Capital.

Source: Nuvama

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