Produced by: Prashun Talukdar Designed by: Mohsin Shaikh
Stocks such as ITC, DMart (Avenue Supermarts), Zomato, Reliance Industries and Bharti Airtel were among stocks that saw huge block deals this week, data available with Nuvama Research suggested.
In the large-cap space, ITC witnessed the most (10) block deals for the week (ended November 3, 2023), worth Rs 433 crore. The deals were executed at an average price of Rs 432 and involved around 1 crore shares. HDFC Bank shares have fallen 0.1% this week.
Like ITC, Avenue Supermarts or DMart also saw 10 block deals but at a lesser value of Rs 312 crore. The stock slipped 0.4% during this week.
In terms of block deals, Reliance Industries (RIL) was the second-highest in the list. With 9 block deals, RIL's deals were valued at Rs 364 crore. The stock was up 2.4% this week.
Cholamandalam Investment and Fin Co was among the top losers and the stock cracked 2.9% over the week. Overall, 4 block deals were executed, worth Rs 57 crore, according to the Nuvama report. Around 4.73 lakh shares changed hands at an average price of Rs 1,206, this report said.
Zomato was the biggest gainers this week as the stock surged 10.3%. 7 block deals were recorded, valued at Rs 92 crore. 80.75 lakh shares changed hands and the average price was Rs 114.
During the week, Nuvama said 10 other stocks such as HDFC Bank, Bharti Airtel, PowerGrid, Sun Pharma, Kotak Mahindra Bank, L&T, ICICI Bank, Tata Motors, ONGC and TVS Motor Co witnessed significant bulk deal action.
Bharti Airtel recorded 8 blocks deals this week, valued at Rs 257 crore. Airtel settled the week with 1.8% gains. Sun Pharma also saw 8 deals worth Rs 200 crore. The pharma giant's counter rose 2.7% during the week.
Like Zomato, HDFC Bank also saw 7 block deals worth Rs 1,909 crore. The private lender's stock climbed 1% this week.
Tata Motors saw 6 block deals this week, valued at Rs 130 crore. 19.77 lakh shares changed hands at an average price of Rs 656. The stock settled with weekly gains of 1%.
From the large-cap space, Nuvama said TVS Motor Co saw 4 blocks deal during the week while ICICI Bank, Kotak Mahindra Bank, ONGC and L&T recorded 2 deals. PowerGrid witnessed just 1 deal this week.
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