Block deals worth over Rs 8,400 crore this week. HDFC Bank, RIL among stocks with significant action
Nifty50 ending 0.20% lower weak-on-weak riding on the back of prominent block deals which were worth Rs 8,423 crore and were executed in more than three dozen companies from the large, mid and small cap segments. The deals saw both buying and selling action.
In the large cap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 5,677 crore led by HDFC Bank with a 40 block counts totalling to Rs 1,571 crore. The next in line were ICICI Bank (Rs 870 crore), Tube Investments of India (Rs 589 crore), Kotak Mahindra Bank (Rs 394 crore) and Reliance Industries (Rs 339 crore).
Others were, namely IndusInd Bank, Axis Bank, Tata Consultancy Services, Titan, SBI Cards, Maruti Suzuki, UltraTech Cement, Larsen & Toubro, ICICI Prudential Life Insurance Company and Mahindra & Mahindra with block deals between Rs 323 crore and Rs 136 crore.
The data has been compiled by brokerage firm Nuvama and pertains to the period up to Thursday, September 28, 2023. The deals were made between 8:45 am and 3:30 pm.
In the mid cap segment, a dozen companies witnessed prominent block deals on the screen which were worth Rs 1,163.
The leader in the pack was Jubilant Foodworks with deal size standing at Rs 252 crore followed by Infoedge (Rs 151 crore), Bandhan Bank (Rs 125 crore) and PB Fintech (Rs 108 crore). The others were Navin Fluorine, Coforge, Macrotech Developers, Escorts Kubota, Endurance Technologies, IIFL Finance, Whirlpool India and Devyani International which saw deals between Rs 102 crore and 48 crore.
As for the small cap stocks, block deals worth Rs 1,583 crore were struck in 12
companies.
