Block deals worth over Rs 8,228 crore this week; TCS, ICICI Bank, Power Grid lead the action

While the Nifty ended the week with a 1.6% gain, over Rs 8,228 crore worth of block deals were executed across large, mid, and small-cap stocks, marking significant market activity, which included both buying and selling action.

Large-cap block deals

In the large-cap segment, Torrent Pharma led the action, recording block deals worth Rs 3,207 crore, followed by ICICI Bank at Rs 682 crore and Infosys at Rs 610 crore. Other major transactions included Maruti Suzuki at Rs 494 crore, HDFC Bank at Rs 144 crore, and TCS at Rs 133 crore.

Additional block deals were recorded in Power Grid Corporation at Rs 118 crore, Cholamandalam Investment & Finance at Rs 117 crore, SBI Life Insurance at Rs 107 crore, and Interglobe Aviation at Rs 92 crore.

The data has been compiled by brokerage firm Nuvama and pertains to deals done this week between 8:45 am and 3:30 pm.

ETMarkets.com

Source: Nuvama

Mid-cap block deals

In the mid-cap segment, Rs 1,371 crore worth of block deals were executed across 10 companies. The largest block deal was in Indus Towers, totaling Rs 215 crore, followed by Laurus Labs at Rs 210 crore. Other prominent deals included Sona BLW Precision, Honeywell Automation, and Vodafone Idea, with deals ranging from Rs 208 crore to Rs 171 crore.

Mid cap chartETMarkets.com

Source: Nuvama

Small-cap block deals

The small-cap segment saw Rs 812 crore worth of block deals this week. Ramco Industries led the small-cap deals with Rs 327 crore, followed by Five-Star Business Finance at Rs 97 crore and Genesys International at Rs 86 crore.

Other notable small-cap stocks with block deals included Puravankara at Rs 83 crore, Praj Industries at Rs 43 crore, Zydus Wellness at Rs 39 crore, and City Union Bank at Rs 35 crore.

Small Cap chartETMarkets.com

Source: Nuvama

In addition to the block deals, Nuvama reported several notable bulk and insider transactions for the week with details of buyers and sellers. Among them, Medplus Health had significant insider activity on November 18, with a total transaction value of Rs 1,055 crore. PNB Housing Finance also recorded substantial insider transactions on November 19, with a total value of Rs 97 crore.

Source: Nuvama

(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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