The following are two stocks that witnessed notable price movements during Friday’s trading session, following significant bulk deal transactions executed on the stock exchanges on 12th June. These fluctuations reflect investor sentiment and market reactions to the large-scale buying or selling activities observed during the period.
Shankara Building Products Limited
With a market cap of Rs. 2,516 crores, the stock moved down by nearly 6.5 percent on BSE, falling to Rs. 971 on Friday. Foreign Portfolio Investor (FPI), WTCNAM Common Trust Funds Trust Emerging Markets Opportunities Portfolio, purchased a total of around 3.48 lakh equity shares (or 1.44 percent stake) in Shankara Building Products, via an open market transaction on NSE and BSE. The transaction was valued at nearly Rs. 35.5 crores, executed at an average price between the range of Rs. 1,018.47 and Rs. 1,021.68 per share.
On the sell side, Rajasthan Global Securities Private Limited offloaded around 1.53 lakh equity shares, equivalent to a 0.63 percent stake, for around Rs. 16 crores at an average price of Rs. 1,034.62 per share.
Shankara Building Products Limited is one of the leading organised retailers of home improvement and building products in India. The company serves a large customer base across various end-user segments in urban and semi-urban markets through a multi-channel sales approach, processing facilities, supply chain and logistics capabilities.
Digitide Solutions Limited
With a market cap of Rs. 3,248.6 crores, the stock moved up by nearly 1.4 percent on BSE, rising to Rs. 221.9 on Friday. As per the latest bulk deal, Foreign Portfolio Investor (FPI), India Capital Fund Limited, offloaded around 8.57 lakh equity shares in Digitide Solutions, via an open market transaction on NSE. The transaction was valued at nearly Rs. 19 crores, executed at an average price of Rs. 222.46 per share.
Further, IShares Core MSCI Emerging Markets ETF sold about 9.22 lakh shares in the company for Rs. 20.6 crores, at an average price of Rs. 223.13 apiece. Digitide Solutions Limited is a leading provider of AI-driven digital transformation and business process management (BPM) services, including BPaaS.
Modis Navnirman Limited
With a market cap of Rs. 534.8 crores, the stock moved up by nearly 1 percent on BSE, rising to Rs. 274.9 on Friday. As per the latest bulk deal, a Foreign Portfolio Investor (FPI), Aegis Investment Fund, purchased 2 lakh equity shares in Modis Navnirman, via an open market transaction on BSE. The transaction was valued at nearly Rs. 5.4 crores, executed at an average price of Rs. 271.99 per share.
Incorporated in 2010, Modi’s Navnirman Limited is engaged in the business of real estate development of residential and commercial projects in India, with a diversified portfolio of completed, ongoing and upcoming projects in mixed-use or single segment developments, which cover the real estate market, like residential and residential cum-commercial.
Written by Shivani Singh
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