The following is a list of three stocks that witnessed notable price movements during Wednesday’s trading session, following a major bulk deal on 1st July in which equity shares worth around Rs. 243 crores changed hands on the stock exchanges. These fluctuations reflect investor sentiment and market reactions to the large-scale buying or selling activities observed during the period.
Ellenbarrie Industrial Gases Limited
With a market cap of Rs. 7,324 crores, the stock moved up by nearly 4 percent on BSE, rising to Rs. 563 on Wednesday. As per the latest bulk deal on NSE, Motilal Oswal Mutual Fund bought around 20.95 lakh equity shares, equivalent to a 1.49 percent stake, in Ellenbarrie Industrial Gases. The deal transaction was valued at nearly Rs. 107 crores, executed at an average price of Rs. 511.1 per share.
Ellenbarrie Industrial Gases made a strong debut on the BSE on 1st July, with its shares listing at Rs. 492 each a 23 percent premium over the issue price of Rs. 400. Driving on this strong beginning, the stock surged another 10 percent during the day, hitting the upper circuit and closing at Rs. 541.2 per share.
Ellenbarrie Industrial Gases Limited, the largest 100 percent standalone Indian industrial gases company, is a manufacturer/supplier of a range of oxygen, nitrogen, argon, and other industrial gases. The company is also engaged in the import, tradin,g and processing of ferrous products.
Kajaria Ceramics Limited
With a market cap of Rs. 17,631.4 crores, the stock moved up by nearly 5 percent on BSE, rising to Rs. 1,131.85 on Wednesday. Foreign Institutional Investor (FII), JP Morgan Funds, sold around 8.85 lakh equity shares, equivalent to a 0.56 percent stake, in Kajaria Ceramics via a bulk deal on NSE. The deal transaction was valued at nearly Rs. 94.5 crores, executed at an average price of Rs. 1,067.88 per share.
Kajaria Ceramics Limited is engaged in the business of manufacturing, selling and distributing ceramic & vitrified wall and floor tiles, along with trading of plywood products.
Raymond Realty Limited
With a market cap of Rs. 6,211.3 crores, the stock moved down by nearly 5 percent on BSE, falling to Rs. 916.8 on Wednesday. Foreign investor, Norges Bank—On Account Of The Government Pension Fund Global—offloaded around 4.12 lakh equity shares in Raymond Realty via a bulk deal on NSE. The deal transaction was valued at nearly Rs. 41.5 crores, executed at an average price of Rs. 1,005.94 per share.
Raymond Realty made its stock market debut on 1st July, listing at Rs. 1,005 on the BSE and Rs. 1,000 on the NSE. The opening was slightly below the discovered prices of Rs. 1,039.30 on the NSE and Rs. 1,031.30 on the BSE. The listing comes after Raymond Realty’s demerger from Raymond Limited, making its first appearance on the stock exchanges as a separate real estate entity.
Written by Shivani Singh
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