Three Adani Group stocks, namely Adani Green Energy, Adani Transmission and Adani Enterprises, were among stocks that saw huge block deals this week, data available with Nuvama Research suggested. Adani Green witnessed the most (42) block deals during for the week (ended June 30, 2023) worth Rs 4,212 crore. The stock was down 1.5% for the week. It closed at Rs 945.60 on Friday. The deals were executed at an average price of Rs 4,212 and involved 4.57 crore shares
CreditAccess Grameen was among the top losers and the stock fell 9.8% over the week. Overall, 4 block deals were executed worth Rs 1,236 crore, according to the Nuvama report. Over 97.19 lakh shares changed hands at an average price of Rs 1,271, this report said
During the week, 11 other stocks including HDFC twins (HDFC and HDFC Bank), Sapphire Foods, Sun Pharma, Syrma SGS Tech, HDFC Life Insurance Company, Easy Trip Planners, Bikaji Foods and Max Healthcare witnessed significant bulk deal action, Nuvama said
In value terms, 7 block deals worth Rs 658 crore were made in HDFC Bank, which was second-highest in the pack. The stock ended with a rise of 3.5% over the week. HDFC too saw 7 blocks deals valued at Rs 294 crore. And, HDFC Life witnessed 5 block deals worth Rs 1,813 crore
In Sapphire Foods also observed 7 block deals, executed at an average price of Rs 1,379 involving 32.79 lakh shares. The deals were worth Rs 452 crore and the stock gained 1.2% this week
Further, Sun Pharma too saw 7 block deals for the week worth Rs 355 crore. The stock ended with a weekly jump of 6.1%
As for Syrma SGS Tech, 6 block deals worth Rs 244 crore were executed during the week. Around 54.35 lakh shares changed hands at an average price of Rs 449. The stock settled with weekly gains of 3.6%
Adani Transmission witnessed 5 block deals worth Rs 2,997 crore. A total of 3.75 crore shares at an average price of Rs 798 per share were transacted. The stock ended with weekly gains of 1.3%. Adani's flagship entity, Adani Enterprises saw 2 block deals valued at Rs 4,141 crore. The stock gained 6.9% this week
In Easy Trip Planners, 3 block deals were executed at a cost of Rs 439 crore. TD Power Systems (stock was up 6.1% this week) and Bikaji Foods (down 2%) saw 2 block deals, each, at a cost of Rs 833 crore and Rs 320 crore. Max Healthcare witnessed 1 block deal valued at Rs 271 crore. The Nuvama report also mentioned Reliance Industries but with nil block deals. Although, it stated that around 18.53 lakh shares of RIL changed hands this week at an average price of Rs 2,503
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