Shares of Alkem Laboratories witnessed block deals worth about Rs 930 crore on Tuesday, with promoter family entities selling shares to a clutch of domestic mutual funds and foreign institutional investors. According to NSE block deal data, a total of 17.88 lakh shares changed hands at Rs 5,200 apiece. The transaction value works out to about Rs 930 crore.

On the sell side, Jayanti Sinha sold 12.38 lakh shares, while Samprada & Nanhamati Singh Family Trust offloaded 5.5 lakh shares. Together, the two sellers divested 17.88 lakh shares. The shares were acquired by a mix of domestic and foreign institutional investors.

Among the largest buyers were ICICI Prudential Mutual Fund, which purchased 9.04 lakh shares, and HDFC Mutual Fund, which bought 5.1 lakh shares. Other participants included DSP Mutual Fund, Nippon India Mutual Fund, Morgan Stanley Asia Singapore, Goldman Sachs Bank Europe, BNP Paribas Arbitrage, Societe Generale and Edelweiss Mutual Fund.

The deal comes after a strong run in Alkem Laboratories shares over the past year, supported by steady growth in its domestic formulations business, improving margins and a recovery in its US operations.

Alkem is among India’s leading pharmaceutical companies with a strong presence in acute therapies, chronic segments and international markets. The participation of large domestic mutual funds in the transaction suggests continued institutional interest in quality healthcare names despite broader market volatility.

Shares of Alkem Laboratories are likely to remain in focus as investors assess the impact of the stake sale and changes in promoter shareholding following the transaction.

The sell-side comprised PB Fintech Chairman and Group CEO Yashish Dahiya, who sold 26 lakh shares, and Vice Chairman Alok Bansal, who sold 12 lakh shares.

On the buy side, the shares were absorbed by a diverse group of institutional investors, including National Pension System Trust, Tata Mutual Fund, Morgan Stanley Asia Singapore, Goldman Sachs Bank Europe, BNP Paribas Financial Markets and several funds managed by Wasatch Advisors.

Other investors participating in the transaction included Viridian Asia Opportunities Master Fund, Ghisallo Master Fund, St James’s Place Emerging Markets Equity Unit Trust, Societe Generale and multiple pension and retirement funds from the US.

The deal comes after a strong run in PB Fintech shares over the past year, driven by improving profitability, growth in its insurance distribution business and continued expansion of its credit marketplace.

PB Fintech operates digital platforms Policybazaar and Paisabazaar, which are among the country’s largest online insurance and lending marketplaces.

Shares of PB Fintech will remain in focus as investors assess the impact of the stake sale and changes in promoter shareholding following the transaction.

Shares of Tata Power Company fell as much as 7% to their day’s high of Rs 391 on the NSE on Wednesday after it reported a consolidated net profit of Rs 996 crore for the fourth quarter of FY26, down 4% from Rs 1,043 crore recorded in the same period last year.

Revenue from operations during the March quarter declined 13% year-on-year to Rs 14,900 crore, compared with Rs 17,096 crore in the corresponding quarter of the previous year. Despite the fall in revenue, EBITDA for the quarter rose 10% to Rs 4,216 crore.

The renewable energy segment continued to remain a major growth contributor. Profit after tax before exceptional items from the renewables business rose 59% year-on-year to Rs 1,994 crore in FY26, while Q4 profit stood at Rs 406 crore. The solar manufacturing business’ FY26 profit more than doubled to Rs 857 crore. The company attributed the increase to ramp-up in module and cell manufacturing as well as yields exceeding 95%. The rooftop solar business reported a 150% jump in annual profit to Rs 499 crore.

Tata Power shares: Should you buy, sell or hold?

Brokerage firm Goldman Sachs has maintained a “Sell” rating on Tata Power with a target price of Rs 300, a downside of 28%. The brokerage said Tata Power’s Q4 profit after tax came in 13% below estimates and remained broadly flat year-on-year, impacted by weaker renewable energy generation and lower contribution from joint ventures. While the brokerage sees strong long-term growth visibility in rooftop solar and distribution, it flagged renewable energy generation execution as a key risk amid curtailments and transmission constraints. It also said the stock’s current valuation already factors in much of the optimism, with Tata Power trading at a premium to its historical price-to-book valuation.

Brokerage firm Motilal Oswal Financial Services has maintained a “Buy” rating on Tata Power with a target price of Rs 490, implying an upside potential of around 17%. The brokerage highlighted that rooftop solar installations doubled year-on-year to nearly 1.7 GW in FY26, with management expecting the rooftop solar business to grow at least 50-60% in FY27 while targeting a 20% market share over the next three years. Motilal Oswal also pointed to strong growth in the cell and module manufacturing business, where EBITDA more than doubled in FY26, and noted that the company has guided for renewable energy commissioning of 2.5 GW each in FY27 and FY28.

Brokerage firm JM Financial has reiterated its “Buy” call on Tata Power and retained a target price of Rs 485, indicating a potential upside of nearly 16%. The brokerage said the company’s key growth drivers remain its 4.9 GW cell and module manufacturing facility, strong momentum in the rooftop solar business backed by a healthy order book, and steady performance at Odisha discoms. JM Financial also noted that the operationalisation of the Mundra plant following the supplementary power purchase agreement with Gujarat is expected to support growth, with the brokerage forecasting a FY26-28 CAGR of 13% in revenue, 14% in EBITDA and 19% in profit after tax.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Shares of logistics company Delhivery saw significant block deal action on Wednesday where Goldman Sachs and Morgan Stanley were buyers of the shares offloaded by venture capital firm Nexus.

Goldman Sachs acquired 6 lakh shares at Rs 465 apiece via its affiliate Goldman Sachs Bank Europe SE, translating into a deal size of Rs 28 crore. Another international marquee investor was Morgan Stanley Asia Singapore, which picked up 12 lakh shares worth Rs 56 crore at the same price.

Domestic institutional investors were also active, with Edelweiss Mutual Fund purchasing 10.75 lakh shares for about Rs 50 crore, while Nippon India Mutual Fund bought 5.75 lakh shares worth Rs 27 crore. Additionally, Viridian Asia Opportunities Master Fund acquired 5.5 lakh shares valued at Rs 25.57 crore.

On the sell side, Nexus Venture Partners through its arm Nexus Ventures III Limited offloaded 34.62 lakh shares for Rs 161 crore. As of December 31, 2025, the entity held a 4.49% stake in the company. Another seller, Nexus Opportunity Fund Limited, divested 5.37 lakh shares worth Rs 25.01 crore.

Shares of Delhivery ended at Rs 459.50 on the BSE today, declining by Rs 6 or 1.3% over the Monday closing price.

Delhivery shares have delivered strong returns, rallying nearly 86% over a one-year period, significantly outperforming benchmarks Nifty and the BSE Sensex whose returns in the same period stand at 6% and 4%, respectively.

The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of Rs 431 and Rs 434, respectively, according to Trendlyne data.Delhivery offers services related to express parcels, warehousing, part and full truckloads and data intelligence.

The company reported a consolidated net profit of Rs 40 crore, for the quarter ended December 31, 2025, which was a 59% YoY growth over Rs 25 crore in the year-ago period. The total revenue in the quarter under review stood at Rs 2,882 crore, up 16.4% YoY versus Rs 2,477 crore in the corresponding quarter of the last financial year.

Also read: Rs 530 crore block deal: BNP Paribas, SBI MF, others buy stake in Delhivery

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)