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 three penny stocks that witnessed price fluctuations after bulk deal transactions on Friday, 2nd May:
Gujarat Natural Resources Limited
With a market cap of Rs. 632 crores, the stock hit a 5 percent upper circuit at Rs. 49.22 on BSE, despite a Domestic Institutional Investor (DII) offloading a 0.51 percent stake in the company.
As per the latest bulk deal available with the BSE, a DII classified as an Alternative Investment Fund (AIF), Prime Venture Growth Fund-I, offloaded 6.5 lakh equity shares in the company through an open market transaction. The deal was valued at approximately Rs. 3.03 crores, executed at an average price of Rs. 46.76 per share.
Gujarat Natural Resources reported a significant growth in revenue from operations with an increase of nearly 106 percent YoY from Rs. 13.3 crores in FY23 to Rs. 27.4 crores in FY24. Similarly, its net loss declined by around 37 percent YoY from Rs. 6.2 crores to Rs. 3.88 crores. Gujarat Natural Resources is engaged in the business of oil and natural gas exploration, trading of goods, and others.
Expo Gas Containers Limited
With a market cap of Rs. 139 crores, the stock surged around 2.2 percent to hit an intraday high at Rs. 63.01 on BSE, after a Foreign Portfolio Investor (FPI) purchased a 1.09 percent stake in the company.
As per the latest bulk deal available with the BSE, Aegis Investment Fund bought nearly 2.48 lakh equity shares in the company through an open market transaction. The deal was valued at approximately Rs. 1.5 crores, executed at an average price of Rs. 60 per share.
Expo Gas reported a significant growth in revenue from operations with an increase of nearly 69 percent YoY from Rs. 15 crores in Q3 FY24 to Rs. 25.3 crores in Q3 FY25. Similarly, its net profit grew by around 133 percent YoY from Rs. 0.3 crores to Rs. 0.7 crores. The company is engaged in the manufacturing of pressure vessels, columns & towers, etc., and is also involved in site engineering projects.
Resourceful Automobile Limited
With a market cap of Rs. 21.5 crores, the stock surged nearly 15 percent to Rs. 81 on BSE, after a Domestic Institutional Investor (DII) purchased a 1.13 percent stake in the company.
As per the latest bulk deal available with the BSE, Plutus Capital Management LLP bought nearly 30,000 equity shares in the company through an open market transaction. The deal was valued at approximately Rs. 21 lakhs, executed at an average price of Rs. 70.26 per share. As per the March 2025 shareholding pattern on BSE, Plutus Capital Management LLP already held a 5.92 percent stake in the company.
Resourceful Automobile reported a significant growth in revenue from operations with an increase of nearly 23 percent YoY from Rs. 6.62 crores in H2 FY24 to Rs. 8.12 crores in H2 FY25. However, its net profit fell from a profit of Rs. 0.44 crores to a loss of Rs. 0.7 crores. Resourceful Automobiles Limited is engaged in the business of dealership and sale of bikes and other related services.
Written by Shivani Singh
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