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Stocks such as HDFC Bank, Infosys, Coal India, Axis Bank and Bajaj Finance 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 (15) block deals for the week (ended November 17, 2023), worth Rs 503 crore. The deals were executed at an average price of Rs 1,507 and involved 33.35 lakh shares. HDFC Bank shares have climbed 0.9% this week.
Coal India Ltd (CIL) and Bajaj Finance witnessed second-highest block deals (13) for the week, valued at Rs 506 crore and Rs 212 crore, respectively. CIL's counter was among the top gainers this week, up 6.8%.
After Coal India, Infosys was the biggest gainers this week as the stock surged 5%. 2 block deals were recorded, valued at Rs 88 crore. 6.22 lakh shares changed hands and the average price was Rs 1,416.
Axis Bank was among the top losers and the stock cracked 3.4% over the week. Overall, 5 block deals were executed, worth Rs 232 crore, according to the Nuvama report. Around 22.45 lakh shares changed hands at an average price of Rs 1,033, this report said.
During the week, Nuvama said 10 other stocks such as ICICI Bank, Reliance Industries, Bharti Airtel, Bajaj Auto, SBI, GOdrej Consumer, Maruti Suzuki, M&M, PowerGrid and HUL witnessed significant bulk deal action.
ICICI Bank saw 9 block deals this week, valued at Rs 708 crore. Around 75.29 lakh shares changed hands at an average price of Rs 940. The stock settled with weekly losses of 1.8%.
Bajaj Auto recorded 8 blocks deals this week, valued at Rs 255 crore. The stock rose 4.4% during the week.
Godrej Consumer saw 7 block deals this week, valued at Rs 134 crore. Around 13.66 lakh shares changed hands at an average price of Rs 981. The stock settled with weekly gains of 1.3%.
Bharti Airtel recorded 6 blocks deals this week, valued at Rs 408 crore. The stock rose 1.3% during the week. SBI also saw 6 block deals during the week, worth Rs 136 crore.
Nuvama said Reliance Industries (4), PowerGrid (4), Maruti Suzuki (3), M&M (3) and HUL (3) were the other stocks that saw block deals from the large-cap space.
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