Synopsis:- Markets remained weak with the Sensex down 650 points and the Nifty slipping 165 points. Meanwhile, bulk deals highlighted activity, including a ₹124 crore purchase of 20 lakh shares and a ₹37.36 crore buy of 33 lakh shares, alongside partial stake sales by existing investors.
A bulk deal refers to a large transaction of shares on the stock exchange, typically involving at least 0.5% of a company’s equity. These trades occur during market hours and are disclosed publicly, offering insights into investor sentiment, institutional activity, and shifts in ownership patterns. The Sensex was down over 650 points at 77,866, and the Nifty slipped over 165 points to 24,213. Market breadth remained weak, with declines outpacing advances.
Black Buck
BlackBuck is a leading digital platform in India’s trucking and logistics ecosystem, connecting shippers with truck operators. It offers services like freight matching, payments, telematics, and fuel solutions. By leveraging technology, BlackBuck aims to improve efficiency, reduce costs, and bring transparency to India’s highly fragmented road logistics sector.
With a market capitalisation of Rs 11,340.47 crore, the shares were trading at Rs 623.80 per share, increasing around 0.10 percent as compared to the previous closing price.
As per the exchange, Quant Mutual Fund acquired 20 lakh shares, representing a 1.1% stake in BlackBuck, for ₹124 crore through two transactions. The deal was executed at an average price of ₹620 per share, indicating institutional confidence in the company’s growth prospects and strengthening its shareholder base with increased fund participation.
Mufin Green Finance
Mufin Green Finance is a non-banking financial company focused on sustainable and green mobility financing. It primarily provides loans for electric vehicles, charging infrastructure, and clean energy solutions. The company aims to support India’s transition toward eco-friendly transportation by enabling affordable financing options for individuals and businesses adopting green technologies.
With a market capitalisation of Rs 2,023.34 crore, the shares were trading at Rs 116.80 per share, decreasing around 0.11 percent as compared to the previous closing price.
As per the exchange, Tata Mutual Fund acquired 33 lakh shares, representing a 1.66% stake in Mufin Green Finance, for ₹37.36 crore at ₹113.23 per share. This transaction highlights growing institutional interest in the company, indicating confidence in its long-term prospects within the green financing and electric mobility ecosystem.
However, on the other hand, selling activity was also visible. As per the exchange, Futuristic Trade DMCC offloaded 9.75 lakh shares worth ₹11.14 crore, while Incofin India Progress Fund sold 15 lakh shares for ₹17.49 crore. Despite this, Incofin continues to hold a 7.31% stake, reflecting partial profit booking rather than a complete exit.
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