Block deals worth over Rs 40,543 crore this week. Indus Towers, HAL, Suzlon Energy among stocks with major action
block deals worth Rs 40,543 crore on screen, which included both buying and selling.
In the largecap segment, 15 companies witnessed significant block deals on the screen, which were worth Rs 6,566 crore led by Axis Bank with a lone block count totalling Rs 2,089 crore. The next in line were ICICI Lombard General Insurance (Rs 814 crore), ICICI Bank (Rs 809 crore), Mahindra & Mahindra (493 crore), Maruti Suzuki (Rs 426 crore), Bharti Airtel (Rs 320 crore) and Hindustan Aeronautics (HAL, Rs 300 crore).
Others were UltraTech Cement, HDFC Bank, Infosys, Titan Company, Varun Beverages, Kotak Mahindra Bank, LTIMindtree and Tata Consultancy Services (TCS) with block deals between Rs 290 crore and Rs 94 crore.
The data has been compiled by brokerage firm Nuvama and pertains to deals done this week between 8:45 am and 3:30 pm.
Source: Nuvama
The midcap segment was the real hero where a dozen companies witnessed prominent block deals on the screen, worth Rs 28,240 crore. The leader from the pack was Indus Towers where UK-based Vodafone PLC sold its stake worth Rs 17,198 crore followed by Piramal Enterprises (Rs 2,928 crore), ZF Commercial (Rs 2,319 crore) and Gland Pharma (Rs 1,806 crore). The others were Alkem Laboratories, AU Small Finance, Shriram Finance, Gujarat Fluorochemicals, One 97 Communications (Paytm), Delhivery, Poonawalla Fincorp and Macrotech Developers, which saw deals between Rs 195 crore and 94 crore.
Source: Nuvama
As for the smallcap stocks, block deals worth Rs 5,737 crore were struck in 12
