Produced by: Prashun Talukdar
Designed by: Hitansh Gaur
HDFC Bank, HDFC (now delisted), Reliance Industries (RIL), Power Grid Corporation, Star Health Insurance, HCL Technologies and RBL Bank were among stocks that saw huge block deals this week, data available with Nuvama Research suggested. HDFC, which ended its journey on Dalal Street on July 12 after its merger with HDFC Bank, witnessed the most (113) block deals during for the week (ended July 14, 2023) worth Rs 1,908 crore. The deals were executed at an average price of Rs 2,733 and involved 69.82 lakh shares. At 63, HDFC Bank witnessed the second-highest block deals for the week. The private lender's stock settled 0.24 per cent higher at Rs 1,645.20 on Friday.
Delta Corp was among the top losers and the stock crashed 25.9% over the week. Overall, 7 block deals were executed worth Rs 132 crore, according to the Nuvama report. Over 80.76 lakh shares changed hands at an average price of Rs 163, this report said.
Mazagon Dock's stock was among the biggest gainers this week as the stock zoomed 23.9%. 10 block deals were recorded, valued at Rs 121 crore. 10.10 lakh shares changed hands and the average price was Rs 1,199.
During the week, 16 other stocks including Reliance Industries, Power Grid, RBL Bank, Kotak Mahindra Bank, IndusInd Bank, SRF, Prestige Estates, Coal India, Star Health and HCL Tech witnessed significant bulk deal action, Nuvama said.
RIL observed 51 block deals worth Rs 369 crore during the week. Around 19.08 lakh shares changed hands at an average price of Rs 1,934. The stock settled with weekly gains of 4.1%.
In value terms, Power Grid saw 32 block deals this week worth Rs 148 crore. For RBL Bank, 23 block deals were executive valued at Rs 299 crore.
16 block deals worth Rs 447 crore were made in Prestige Estates. The stock ended with a fall of 3.1% over the week. The deals were executed at an average price of Rs 483 and involved 92.52 lakh shares.
Kotak Bank, IndusInd Bank and SRF observed 16 block deals, each. For Kotak, deals were executed at an average price of Rs 497 involving 55.99 lakh shares. The deals were worth Rs 278 crore and the stock gained 0.8% this week. In the case of IndusInd Bank and SRF, deals were valued at Rs 200 crore and Rs 112 crore, respectively.
Further, state-run Coal India witnessed 12 block deals for the week worth Rs 244 crore. Coal India ended with a weekly declined of 1.3%. Around 1.38 crore shares changed hands and the average price was Rs 231. Bharat Electron saw 11 block deals this week worth Rs 159 crore at an average price of Rs 127 involving 1.25 crore shares.
As for HCL Tech, 10 block deals worth Rs 195 crore were executed during the week. Around 20.88 lakh shares changed hands at an average price of Rs 1,151. The stock settled with a weekly fall of 0.6%.
Suzlon Energy and Bharat Dynamics saw 8 block deals, each. For Suzlon, deals were executed at an average price of Rs 17 involving 6.58 crore shares. It was valued at Rs 109 crore and the stock slipped 0.8% this week. Bharat Dynamics saw deals worth Rs 168 crore this week.
Fortis Health saw 6 block deals valued at Rs 112 crore. In Star Health Insurance, 4 block deals were executed at a cost of Rs 495 crore. Tata Communication and Aditya Birla Fashion saw 3 block deals, each, at a cost of Rs 154 crore and Rs 130 crore, respectively.
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