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 Tuesday, 6th May:
Grand Continent Hotels Limited
With a market cap of Rs. 368.8 crores, the stock moved up by around 3.5 percent to Rs. 149.1 on NSE, despite a Foreign Portfolio Investor (FPI) selling a 0.67 percent stake in the company via NSE.
As per the latest bulk deal, India Max Investment Fund Ltd. offloaded 1.68 lakh equity shares in the company through an open market transaction. The deal was valued at approximately Rs. 2.46 crores, executed at an average price of Rs. 146.9 per share.
The company reported a significant growth in revenue from operations with an increase of nearly 86 percent YoY from Rs. 16.8 crores in FY23 to Rs. 31.24 crores in FY24. Similarly, its net profit grew by around 296 percent YoY from Rs. 1.03 crores to Rs. 4.08 crores. Founded in 2011, Grand Continent Hotels Limited is a hotel chain in India catering to the mid-market segment.
Dhariwalcorp Limited
With a market cap of Rs. 102.5 crores, the stock moved up by around 8 percent to Rs. 114.5 on NSE, despite the selling pressure. Caifu Investment Advisory LLP offloaded 80,400 equity shares (or a 0.9 percent stake) in the company through an open market transaction. The deal was valued at approximately Rs. 85.2 lakhs, executed at an average price of Rs. 106.03 per share.
The company reported a significant growth in revenue from operations with a marginal increase of nearly 2 percent YoY from Rs. 118 crores in H1 FY24 to Rs. 120 crores in H1 FY25. In contrast, its net profit fell by around 10 percent YoY from Rs. 3 crores to Rs. 2.7 crores. Dhariwalcorp Limited is engaged in the trade of a wide range of waxes, industrial chemicals, and petroleum jelly.
Vineet Laboratories Limited
With a market cap of Rs. 25.6 crores, the stock moved down by around 5 percent to Rs. 27.42 on NSE, following the selling pressure. Wessel Consultancy Private Limited offloaded 50,000 equity shares (or a 0.54 percent stake) in the company through an open market transaction. The deal was valued at approximately Rs. 14.3 lakhs, executed at an average price of Rs. 28.63 per share.
The company reported a decline in revenue from operations with a decrease of nearly 45 percent YoY from Rs. 32.7 crores in Q3 FY24 to Rs. 18 crores in Q3 FY25. Similarly, its net loss widened by nearly 175 percent YoY from Rs. 2.07 crores to Rs. 5.7 crores.
Vineet Laboratories Limited, formerly known as Ortin Laboratories Limited, is engaged in the business of manufacturing drug intermediates & bulk drugs. The company specialises in pharmaceutical intermediates & fine chemicals.
Written by Shivani Singh
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