IT major Infosys witnessed the most (360) block deals during for the week (ended July 21, 2023) worth Rs 570 crore. The deals were executed at an average price of Rs 1,381 and involved 41.31 lakh shares. Infosys halved its full-year revenue growth outlook, citing cuts in tech spending. It reported a 10.90 per cent rise in profit in the June quarter (Q1 FY24)
At 158, HDFC Bank witnessed the second-highest block deals for the week, valued at Rs 843 crore. Around 50.12 lakh shares changed hands at an average price of Rs 1,681. The private lender's stock settled 0.76 per cent lower at Rs 1,675.70 on Friday
Amara Raja Batteries was among the top losers and the stock cracked 8.8% over the week. Overall, 5 block deals were executed worth Rs 1,714 crore, according to the Nuvama report. Over 2.60 crore shares changed hands at an average price of Rs 658, this report said
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Mazagon Dock's stock was among the biggest gainers this week as the stock surged 13.8%. 35 block deals were recorded, valued at Rs 413 crore. 23.37 lakh shares changed hands and the average price was Rs 1,865
During the week, 12 other stocks including Reliance Industries, TCS, HUL, Kotak Mahindra Bank, Bharti Airtel and Sun Pharmaceutical Industries witnessed significant bulk deal action, Nuvama said
RIL observed 109 block deals worth Rs 813 crore during the week. Around 31.26 lakh shares changed hands at an average price of Rs 2,600. The stock settled with weekly gains of 1.7%. RIL has demerged its financial services business, Jio Financial Services
40 block deals worth Rs 257 crore were made in TCS. The stock ended with a fall of 4.2% over the week. The deals were executed at an average price of Rs 3,435 and involved 7.49 lakh shares
Hindustan Unilever saw 31 block deals, valued at Rs 275 crore. The stock settled the week with a dip of 2.7%. The deals were executed at an average price of Rs 2,624, involving 10.49 lakh shares
Kotak Bank witnessed 18 block deals worth Rs 892 crore during the week. Around 47.50 lakh shares changed hands at an average price of Rs 1,878. The stock settled with weekly gains of 5.4%
In value terms, Airtel and Sun Pharmaceutical Industries saw 13 block deals, each, this week worth Rs 393 crore and Rs 200 crore, respectively. For Airtel, the deals were executed at an average price of Rs 880, involving 44.64 lakh shares. As for Sun Pharma, around 18.63 lakh shares changed hands at an average price of Rs 1,076
Power Grid Corporation, Bandhan Bank and IndusInd Bank observed 8 block deals, each. For Power Grid, deals were executed at an average price of Rs 240 involving 2.67 crore shares. The deals were worth Rs 642 crore and the stock gained 1.7% this week. In the case of Bandhan Bank and IndusInd Bank, deals were valued at Rs 247 crore and Rs 225 crore, respectively
Voltas and Fortis Healthcare observed 7 block deals, each, this week worth Rs 217 crore and Rs 188 crore, respectively. For Voltas, 28.22 lakh shares changed hands at an average price of Rs 767. As for Fortis Health, the deals were executed at an average price of Rs 335, involving 56.25 lakh shares
Rallis India saw 1 block deal this week, valued at Rs 209 crore. The deal was executed at an average price of Rs 215 and involved 97 lakh shares. Rekha Jhunjhunwala, wife of late Rakesh Jhunjhunwala, apparently offloaded these shares. Further, Rallis India's promoter Tata Chemical, which currently owns 50.06% stake in the company, bought the shares
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