Stocks such as HDFC Bank, Airtel, Infosys, Maruti, Axis Bank, Reliance Industries, Hindustan Unilever (HUL) and Tata Consultancy Services (TCS) were among stocks that saw huge block deals this week, data available with Nuvama Research suggested.
In the large-cap space, HDFC Bank witnessed the most (22) block deals for the week (ended October 13, 2023), worth Rs 1,682 crore. The deals were executed at an average price of Rs 1,535 and involved 1.10 crore shares. HDFC Bank shares have fallen 0.1% this week.
Bharti Airtel witnessed the second-highest block deals (10) for the week, valued at Rs 504 crore. Around 53.11 lakh shares changed hands at an average price of Rs 950. The counter has gained 2.9% this week.
Infosys was among the top losers and the stock cracked 3.1% over the week. Overall, nine block deals were executed, worth Rs 538 crore, according to the Nuvama report. Around 36.54 lakh shares changed hands at an average price of Rs 1,473, this report said.
Maruti Suzuki was among the biggest gainers this week as the stock surged 2.4%. Six block deals were recorded, valued at Rs 129 crore. 4.19 lakh shares changed hands and the average price was Rs 3,073.
During the week, Nuvama said 11 other stocks such as Reliance Industries, Axis Bank, Hindustan Unilever, Mahindra & Mahindra, Tata Consultancy Services, ICICI Bank, Larsen & Toubro, Cholamandalam Investment and Fin Co, Power Grid, UltraTech Cement and Apollo Hospitals witnessed significant bulk deal action.
Axis Bank also saw nine block deals this week like Infosys (as mentioned earlier). For Axis, the deals were valued at Rs 554 crore. Around 55.21 lakh shares changed hands at an average price of Rs 1,004. The stock settled with weekly losses of 0.6%.
Reliance Industries (RIL) recorded seven blocks deals this week, valued at Rs 594 crore. The stock rose 1.2% during the week.
Hindustan Unilever Ltd (HUL) also saw seven block deals this week worth Rs 254 crore. The has gained 2.7% this week.
Like Maruti, TCS also witnessed six deals during the week ended on October 13, valued at Rs 223 crore. The counter has slipped 1.3% this week.
Nuvama said Mahindra & Mahindra (5), Cholamandalam Investment (5), Larsen & Toubro (4), Apollo Hospitals (4), UltraTech Cement (2), ICICI Bank (1) and Power Grid (1) were the other stocks that saw block deals from the large-cap space.
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