Vedanta leads with Rs 10,710 crore in block deals this week

The week gone by saw Nifty50 settling 0.66% lower over the previous week. Yet it was not without action as prominent bulk, block and insider deals worth Rs 10,710 crore were executed during the week. Sizeable block deals that were executed on screen were worth over Rs 10,434 crore with Vedanta walking away with the lion’s share followed by deals in DLF and Unichem Laboratories.

The data on deals, compiled by Nuvama, pertains to the period up to Thursday.

Prominent bulk, block and insider deals for the week were executed in eight companies viz. Vedanta, Unichem Lab, DLF, Bandhan Bank, Eric Lifesciences, Spandana Sphoorty, Niyogen Fintech and Campus Activewear.

Vedanta stood at the top spot in terms of deal size with Twin Star Holdings selling stake worth Rs 3,983 crore. Copthall Mauritius, Societe Generale bought stakes worth Rs 2,194 crore and Rs 761 crore, respectively, in the metal major.

The next in the pack was Unichem which saw buying and selling action from Ipca Laboratories and Prakash Amrut Mody. The former bought shares worth Rs 945 crore while the latter sold them. DLF was next in line with Chairman Kushal Pal Singh selling his entire stake for Rs 731 crore.

Full List of prominent bulk, block and insider deals

With regards to sizable block deals executed on the screen between 9:15 am and 3:30 pm, seven companies saw action. Vedanta was at the forefront with the deal size of Rs 4,251 crore. It was followed by DLF and Unichem with deal size standing at Rs 1,279 crore and Rs 945 crore, respectively.

Others which witnessed significant block deal action include Bandhan Bank (Rs 396 crore), HDFC Bank (Rs 355 crore), Zomato (Rs 306 crore), Kotak Mahindra Bank (Rs 279 crore), Mahindra & Mahindra (Rs 275 crore), NTPC (Rs 240 crore), Hindustan Unilever (Rs 198 crore), Tata Consultancy Services (Rs 150 crore) and Infosys (Rs 145 crore).

Sizeable Blocks (cumulative) executed on screen this week

Week-on-Week, the Nifty50 index settled 0.66% lower at 19,517 and alongside the MSCI EM index was down 2.6%. Within sectors, realty and FMCH were top losers and were down 4.6% and 1.8%, respectively. Among gainers were IT (up 3.1%) and pharma (up 1.7%), the report said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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