Block deals worth over Rs 7,640 crore this week. Chandrababu Naidu’s Heritage Foods, Adani Ports see top action
Indian markets traded strongly this week ending it with a 3.6% uptick over the previous week. The week was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 7,640 crore on screen, which included both buying and selling actions.
In the largecap segment, 15 companies witnessed significant block deals on the screen worth Rs 3,788 crore, led by Larsen & Toubro (L&T) with 6 block counts, totalling to Rs 696 crore. The next in line were State Bank of India (SBI, Rs 458 crore), HDFC Bank (Rs 281 crore), Adani Ports & Special Economic Zone (279 crore), Mankind Pharma (Rs 277 crore), Kotak Mahindra Bank (Rs 220 crore) and ITC (Rs 217 crore).
Others were, namely Infosys, Adani Power, IndusInd Bank, Mahindra & Mahindra (M&M), Dabur India, GAIL (India), Bharat Electronics (BEL) and Interglobe Aviation (Indigo) with block deals between Rs 203 crore and Rs 142 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
In the midcap segment, a dozen companies witnessed prominent block deals on the screen worth Rs 2,819 crore. The leader in the pack was Thermax with a deal size of Rs 825 crore followed by PB Fintech (Policybazaar, Rs 427 crore), Whirlpool India (Rs 283 crore) and Sun TV Network (Rs 202 crore). The others were AIA Engineering, Alkem Laboratories, Bharat Dynamics, Star Health Insurance, NHPC, L&T Technology Services (LTTS), Vodafone Idea and REC
