Block deals worth over Rs 25,200 crore take place this week; RIL, Airtel among stocks with significant action

The week gone by saw Nifty50 ending with gains of over 4% riding on the Bharatiya Janata Party’s (BJP) victory in three key states in the Hindi heartland. Significantly higher week-on-week (WoW) action in terms of prominent block deals was witnessed over the five sessions where more than three dozen listed companies reported sizable deals worth Rs 25,289 crore, which included both buying and selling action.

In the largecap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 12,612 crore led by Reliance Industries (RIL) with a 12 block count, totalling to Rs 2,874 crore. The next in line were Bharti Airtel (Rs 1,769 crore), HDFC Bank (Rs 1,757 crore), Zomato (Rs 1,208 crore), Adani Total Gas (Rs 1,019 crore), Tube Investments (Rs 944 crore), ICICI Prudential (Rs 705 crore) and ICICI Bank (Rs 589 crore).

Others largecaps such as Power Grid Corporation, Adani Green Energy, Adani Enterprises, Cholamandalam Investment & Finance, Berger Paints, Tata Power Company and Axis Bank saw block deals between Rs 338 crore and Rs 205 crore.

The data has been compiled by brokerage firm Nuvama and pertains to the period up to Thursday, December 7, 2023. The deals were made between 8:45 am and 3:30 pm.

In the midcap segment, a dozen companies witnessed prominent block deals on the screen which were worth Rs 7,902. The leader in the pack was GMR Airports Infrastructure with deal size standing at Rs 5,067 crore followed by IDFC First Bank (Rs 1,189 crore), Page Industries (Rs 340 crore) and REC (Rs 221 crore). The others were One 97 Communications (Paytm), PB FIntech (Policybazaar), Patanjali Foods, Supreme Industries, Star Health Insurance, Astral, Sundaram Fasteners and Petronet LNG which saw deals between Rs 216 crore and 78 crore.

As for the smallcap stocks, block deals worth Rs 4,775 crore were struck in 12 companies. The number one spot went to Home Five-Star Business Finance (Rs 1,702 crore) followed by 360 One (Rs 643 crore) and Rajoo Engineers (Rs 578 crore). The others were Sapphire Foods, JTL Industries, Honasa Consumer, Neuland Labs, Shriram Properties, G R Infraprojects, Chola Financial, Swan Energy and City Union Bank which saw deals between Rs 368 crore and 124 crore.

Nuvama also reported prominent bulk, block and insider deals in 12 stocks with details on buyers and sellers. Among them were Computer Age Management Services where multiple buyers bought shares worth Rs 2,700 crore while Great Terrain Investment sold shares of an equal amount. In Sanghi Industries, Ambuja Cements bought shares worth Rs 1,627 crore with multiple shareholders selling their stakes.

The other stocks which saw prominent bulk, block and insider deals include IDFC First, Sapphire Foods, Tube Investments, 360 One, Honasa, Swan Energy, Shriram Properties, JTL Industries, Ethos and TV18 Broadcast.

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