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 stocks that witnessed price fluctuations after bulk deal transactions on Wednesday, 14th May:
RACL Geartech Limited
With a market cap of Rs. 893 crores, the shares of a leading automotive components supplier in India moved up by around 4 percent to Rs. 845 on BSE, during Thursday’s trading session.
As per the latest bulk deal, Malabar India Fund Limited and MNCL Capital Compounder Fund 2 collectively bought nearly 3.13 lakh equity shares—representing a total of 2.91 percent stake in the company—via an open market transaction. The total transaction was valued at around Rs. 25 crores, executed at an average price of Rs. 796.5 per share.
On the sell side, The Pradeshiya Industrial And Investment Corporation Of UP Ltd offloaded 5 lakh equity shares, equivalent to a 4.64 percent stake, for around Rs. 40 crores at an average price of Rs. 796.52 apiece. RACL Geartech Limited is engaged in the business of manufacturing automotive components meant for two, three, and four-wheeler vehicles.
Dhariwalcorp Limited
With a market cap of Rs. 137.3 crores, Dhariwalcorp Limited, engaged in the trade of a wide range of waxes, industrial chemicals, and petroleum jelly, moved up by around 6.5 percent to Rs. 154.85 on NSE during Thursday’s trading session.
As per the latest bulk deal, Lalchand Bodhwani HUF bought 49,200 equity shares (or a 0.55 percent stake) in the company through an open market transaction. The deal was valued at approximately Rs. 70.6 lakhs, executed at an average price of Rs. 143.54 per share.
Edelweiss Financial Services Limited
With a market cap of Rs. 8,105 crores, the stock moved down by around 3 percent to Rs. 84.94 on BSE, during Thursday’s trading session. As per the latest bulk deal, The Miri Strategic Emerging Markets Fund LP bought nearly 1.1 crore equity shares (or a 1.17 percent stake) in the company through an open market transaction. The deal was valued at ~Rs. 98 crores, executed at an average price of Rs. 88.55 per share.
On the sell side, CLSA Global Markets PTE Ltd offloaded about 1.13 crore equity shares, equivalent to a 1.19 percent stake, for around Rs. 100 crores at the same average price.
Edelweiss Financial Services Limited is principally engaged in providing investment banking services and holding company activities, comprising development, managerial, and financial support to the business of Edelweiss group entities.
Written by Shivani Singh
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