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 characterized by transactions involving more than 0.5 percent of a company’s total equity shares.
Following is a list of three stocks that experienced notable price movements during the trading session of Tuesday, following significant bulk deal transactions executed on the NSE on Monday, 2nd June. These fluctuations reflect investor sentiment and market reactions to the large-scale buying or selling activities observed during the trading session.
Schloss Bangalore Limited
With a market cap of Rs. 14,360 crores, the stock moved down by nearly 4.4 percent to Rs. 416.35 on BSE, during Tuesday’s trading session. As per the latest bulk deal, a foreign institutional investor (FII), WF Asian Reconnaissance Fund Limited, purchased around 16.8 lakh equity shares, representing a 0.47 percent stake in the company, via an open market transaction on NSE. The transaction was valued at nearly Rs. 73 crores, executed at an average price of Rs. 434.13 per share. Established in 2019, Schloss Bangalore Limited is a luxury hospitality company operating under “The Leela” brand in India.
Deepak Builders & Engineers India Limited
With a market cap of Rs. 702 crores, the stock moved up by nearly 9 percent to Rs. 159 on BSE, during Tuesday’s trading session. Yuyu Family Private Trust bought 2.85 lakh equity shares, representing a 0.61 percent stake in the company, via a bulk deal on NSE. The transaction was valued at around Rs. 4.04 crores, executed at an average price of Rs. 142.01 per share.
Deepak Builders is an integrated engineering and construction company, specializing in the execution and construction of administrative & institutional buildings, hospitals and medical colleges, industrial buildings, stadium and sports complexes, residential complexes, various developmental & other construction activities, flyover, rail under bridge, rail over bridges, approach roads and development and redevelopment of railway stations etc.
Thomas Scott (India) Limited
With a market cap of Rs. 385 crores, the stock moved down by nearly 4 percent to Rs. 314.45 on NSE, during Tuesday’s trading session. A foreign institutional investor (FII), Stellar Wealth Partners India Fund I LP, offloaded 62,568 equity shares, equivalent to a 0.43 percent stake, for around Rs. 1.86 crores at an average price of Rs. 297.4 apiece.
Thomas Scott (India) Limited has 31 retail outlets across the country and also sells men’s formal and casual garments through large-format stores. The company has a centralised warehousing and logistics centre to facilitate its supply chain management for its business.
Written by Shivani Singh
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