The following is a list of two stocks that witnessed notable price movements during Tuesday’s trading session, following significant block and bulk deal transactions executed on both the stock exchanges on 1st September. These fluctuations reflect investor sentiment and market reactions to the large-scale buying or selling activities observed during the period.
1. Zinka Logistics Solutions Limited
With a market cap of Rs. 11,540 crores, the stock moved up by nearly 5 percent on BSE, rising to Rs. 667.4 on Tuesday. As per the latest bulk deal, GSAM Holdings LLC, an affiliate of Goldman Sachs, offloaded around 49 lakh equity shares, equivalent to a 2.72 percent stake, in Zinka Logistics on BSE. The total deal transaction was valued at nearly Rs. 294.7 crores, executed at an average price of Rs. 600.32 per share.
However, Nomura India Investment Fund Mother Fund purchased nearly 41.16 lakh shares, or a 2.28 percent stake, in the company at Rs. 599.77 per share, amounting to Rs. 246.9 crores.
Zinka Logistics Solutions Limited (BlackBuck) owns digital platforms used by truck operators (customers) to digitally manage payments for tolling and fueling, monitor drivers and fleets using telematics and find loads on the platform (marketplace).
2. Carborundum Universal Limited
With a market cap of Rs. 17,982 crores, the stock moved up by nearly 1.3 percent on BSE, rising to Rs. 946 on Tuesday. Sandhya G Parikh bought 3 lakh shares in the company at Rs. 915 per share via a block deal on NSE, amounting to Rs 27.45 crore. The shares were acquired from promoter entity Murugappan Arunachalam Children Trust.
Carborundum Universal Limited is primarily engaged in the business of manufacturing and selling abrasives, ceramics (industrial ceramics, refractories) and electrominerals.
Written by Shivani Singh
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