Rs 6,907-cr block deals take place this week; Paytm, Honasa Consumer among stock with significant action
block deals. Over three dozen listed companies witnessed sizable deals worth Rs 6,907 crore on screen which included both buying and selling action.
In the largecap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 2,071 crore led by Bharti Airtel with 18 block count, totalling Rs 374 crore. The next in line were Bajaj Auto (Rs 352 crore), Shree Cement (Rs 218 crore), UltraTech Cement (Rs 144 crore), ICICI Prudential Life Insurance Company (Rs 143 crore), Axis Bank (Rs 141 crore), HDFC Bank (Rs 141 crore) and Bajaj Finance (Rs 119 crore).
Others were, namely Infosys, Kotak Mahindra Bank, Asian Paints, Larsen & Toubro, Hindustan Unilever, Hero MotoCorp, and Nestle India with block deals between Rs 102 crore and Rs 60 crore.
The data compiled by brokerage firm Nuvama pertains to the period up to Thursday, November 23, 2023. The deals were made between 8:45 am and 3:30 pm.
In the midcap segment, a dozen companies witnessed prominent block deals on the screen which were worth Rs 2,738.
The leader in the pack was One 97 Communications (Paytm) with deal size standing at Rs 1,431 crore followed by Petronet LNG (Rs 191 crore), Delhivery (Rs 170 crore) and CG Power & Industries (Rs 149 crore). The others were Vedant Fashions, Gland Pharma, Bharat Dynamics, Bandhan Bank, Poonawalla Fincorp, AU Small Finance Bank, AIA Engineering and Ashok Leyland which saw deals between Rs 149 crore and 68 crore.
As for the smallcap stocks, block deals worth Rs 2,098 crore were struck in 12 companies.
The number one spot went to Home First Finance Company (Rs 770 crore) followed by Chemplast Sanmar (Rs 300 crore) and Go Fashion (Rs 227 crore). The others were EID Parry, Kalpataru Projects, Tilaknagar
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