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 two stocks that witnessed notable price movements during Thursday’s trading session, following significant bulk deal transactions executed on the stock exchanges. These fluctuations reflect investor sentiment and market reactions to the large-scale buying or selling activities observed during the period.
Honeywell Automation Limited
With a market cap of Rs. 34,337 crores, the stock moved up by nearly 1 percent on BSE, rising to Rs. 39,120 on Thursday. As per the latest regulatory filings with the stock exchanges, SBI Mutual Fund has increased its stake in Honeywell Automation to 5.0362 percent from 4.99 percent by acquiring 3,260 equity shares through an open market transaction on June 10th.
Honeywell Automation India Limited is a market leader in the Electronics-Instrumentation and Process Control Equipment industry. The company specialises in integrated automation and software solutions, with key offerings including distributed control systems, building control systems and smart transmitters. Honeywell primarily operates in the automation and control systems domain on a turnkey basis and other engagement models.
Unified Data-Tech Solutions Limited
With a market cap of Rs. 707 crores, the stock moved up by nearly 9.4 percent on BSE, rising to Rs. 364 on Thursday. As per the latest bulk deal, BNP Paribas Financial Markets purchased around 1.02 lakh equity shares in Unified Data-Tech Solutions, via an open market transaction on BSE. The transaction was valued at nearly Rs. 3.4 crores, executed at an average price of Rs. 332.68 per share.
Unified Data-Tech Solutions Limited is a technology company specialising in system integration. The company deliveres comprehensive IT solutions, including data centre infrastructure, virtualization, data protection, networking, cybersecurity, secure application delivery, and more.
Written by Shivani Singh
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