Swan Energy climbs 9%, Sanghi Industries 5% on block deals
Swan Energy jumped over 9% to the day's high of Rs 457.10 on the NSE on Tuesday while those of Sanghi Industries soared 5% to Rs 129.25 following separate block deals.
In the case of Swan Energy, 8,499,319 shares were sold for Rs 414 per share according to the information available on the NSE. The stock saw significant volume action following the deal with nearly 87 lakh shares changing hands on the NSE around 10:10 am. The stock is trading near its 52-week high of Rs 463.80 which it hit on November 12, 2023.
Today's gains take the rally to the second session in a row.
As for Sanghi Industries, around 13.35 core shares were transacted for Rs 121.90 per share. The details of the buyers and sellers in the block deals were not known at the time of filing the copy.
Sanghi Industries shares hit their 52-week high of Rs 133 on Monday.
The gains were amid strong action in the overall markets.
Indian frontline indices S&P BSE Sensex and Nifty 50 hit new lifetime highs today, continuing the action from where they left it on Monday. On the intraday basis, Sensex scaled 69,306.97 gaining more than 440 points while the broader Nifty hit 20,813.10 gaining more than 120 points. The banking gauge Nifty Bank also made a new record high of 47,050.80.
It was up by 715 points or 1.5% over the last closing on Monday.
The market breadth was skewed in favour of the bulls with 33 stocks in the Nifty trading in the green while 16 in the red. One stock remained unchanged.
The top gainers were Adani Enterprises and Adani Ports and Special Economic Zone which were up nearly 8% around this time. Other stocks that gained were State Bank of India (SBI), Bharat Petroleum Corporation (BPCL) and Mahindra & Mahindra (M&M). The laggards were HCL
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