Block and bulk deals involve large transactions executed on stock exchanges. A block deal is defined as a single trade involving at least 5 lakh shares, or a total transaction value of Rs. 10 crore or more. In contrast, a bulk deal is characterised by transactions involving more than 0.5 percent of a company’s total equity shares.
Following are the two stocks that experienced price fluctuations due to the buying or selling activities from various foreign and domestic institutional investors, as well as other market participants:
1. Garuda Construction and Engineering Limited
With a market cap of Rs. 1,221.5 crores, the stock surged nearly 8.2 percent on BSE to hit a new 52-week high at Rs. 139.29 on Monday, as against its previous closing price of Rs. 128.71.
According to the 27th December bulk deal data available with the NSE, investor Utpal H Sheth purchased nearly 4.8 lakh equity shares (or 0.51 percent stake) in Garuda Construction, at an average price of Rs. 128.49 per share, resulting in a total transaction value of nearly Rs. 6.2 crores.
The company has reported a marginal decline in revenue from operations, with around a 4.3 percent YoY decrease from Rs. 161 crores in FY23 to Rs. 154 crores in FY24. Similarly, the net profit decreased by 12.2 percent YoY from Rs. 41 crores to Rs. 36 crores, during the same period.
The stock has delivered positive returns of nearly 23 percent in one year, as well as around 41.3 percent returns in the last one month.
Incorporated in 2010, Garuda Construction and Engineering Limited is engaged in the business of providing end-to-end civil construction for residential, commercial, residential cum commercial, infrastructure, and industrial projects.
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2. Concord Enviro Systems Limited
With a market cap of Rs. 1,611.2 crores, the stock slumped nearly 7 percent on BSE to Rs. 769.85 on Monday, as against its previous closing price of Rs. 828.45.
According to the 27th December bulk deal data available with the NSE, foreign investor Morgan Stanley Asia Singapore offloaded nearly 1.1 lakh equity shares (or 0.53 percent stake) in Concord Enviro, at an average price of Rs. 827.51 per share, resulting in a total transaction value of nearly Rs. 9.1 crores.
Further, the State Bank of India also divested around 2.76 lakh shares in the company (or a 1.33 percent stake) at an average price of Rs. 820.59 per share, resulting in a total transaction value of nearly Rs. 22.7 crores.
The company has reported a significant growth in revenue from operations, with around a 45 percent YoY increase from Rs. 343 crores in FY23 to Rs. 497 crores in FY24. Similarly, the net profit increased by 720 percent YoY from Rs. 5 crores to Rs. 41 crores, during the same period.
Founded in 1992, Concord Enviro Systems Limited is engaged in the business of manufacturing and trading of water treatment plant components and providing technical consultancy and design services.
Written by Shivani Singh
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