Block deals worth over Rs 14,602 crore this week. RIL, Trent, Paytm, SBI among stocks with major action

While Nifty ended with weak-on-weak gains of 1.5%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 14,602 crore on screen which included both buying and selling action.

In the large cap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 5,448 crore led by Reliance Industries (RIL) with four block counts totalling to Rs 1,202 crore. The next in line were Tata Group’s Trent (939 crore), Jindal Steel (Rs 483 crore), State Bank of India (SBI, 396 crore), Bharti Airtel (Rs 321 crore), SRF (Rs 290 crore) and Infosys (Rs 230 crore).

Others were, namely ICICI Bank, HCL Technologies, TVS Motor Company, Tata Steel, Kotak Mahindra Bank, Tube Investments of India, Godrej Consumer Products and Tata Consumer Products with block deals between Rs 142 crore and Rs 99 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 which were worth Rs 3,192 crore. The leader in the pack was K.P.R Mill with the deal size amounting to Rs 965 crore followed by Lupin (Rs 381 crore), Gland Pharma (Rs 278 crore) and GMR Airports Infrastructure (Rs 243 crore). The others were Colgate Palmolive, One 97 Communications (Paytm), Polycab India, AU Small Finance, SKF India, Petronet LNG, Sona BLW Precision Forgings and Lupin which saw deals between Rs 226 crore and 136 crore.

Source: Nuvama

As for the smallcap stocks, block deals worth Rs 5,962 crore were struck in 12 companies. The number one spot went to Five Star Business Finance (Rs 2,859 crore) followed by Sterling & Wilson (Rs 1,113 crore) and Reliance Power (Rs 564 crore). The others were CarTrade Tech, Easy Trip Planners, Gulf Oil Lubricants, Apar Industries, V2 Retail, Amrutanjan Health Care, Global Health (Medanta), Sheela Foam and Sonata Software which saw deals between Rs 382 crore and 57 crore.

Source: Nuvama

Nuvama also reported prominent bulk, block and insider deals in 8 stocks with details of buyers and sellers. Among them were Five Star Business Finance where TPG Asia, Norwest Venture and Sequoia Capital among others were sellers while the buyers were Nomura and Fidelity Funds. .

In HDFC Bank, the buyer was UBS Principal while the seller was BNP Paribas.

Trent, K.P.R Mill, Easy Trip Planners, Pidilite Industries and Gulf Oil Lubricants were others which saw prominent bulk, block and insider deals with details of buyers and sellers. .

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