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 the two stocks under Rs. 160 that experienced price fluctuations due to the buying or selling activities of foreign portfolio investors:
Kabra Jewels Limited
With a market cap of Rs. 167 crores, the shares of this company engaged in the retail jewellery business hit a 5 percent upper circuit at Rs. 159.7 on NSE, despite a foreign portfolio investor (FPI) offloading a 0.64 percent stake in the company.
As per the latest bulk deal available with the NSE, Vikasa India EIF I Fund – Share Class P offloaded 67,000 equity shares in Kabra Jewels through an open market transaction. The deal was valued at approximately Rs. 1.01 crores, executed at an average price of Rs. 152.1 per share.
Kabra Jewels reported a significant growth in revenue from operations, experiencing a year-on-year increase of nearly 34 percent, rising from Rs. 122 crores in FY23 to Rs. 163 crores in FY24. Similarly, its net profit increased by around 125 percent YoY from Rs. 4 crores to Rs. 9 crores.
Kabra Jewels Limited is engaged in operating in the retail jewellery sector, offering gold, diamond, and silver ornaments, and other offerings include gold and silver coins, utensils and other artefacts.
The primary expertise of Kabra Jewels is designing and marketing under the brand name ‘KK Jewels’. The company works on diverse products including rings, earrings, pendants, bracelets, chains, necklaces, bangles, and other wedding jewellery.
Vipul Limited
With a market cap of Rs. 184.6 crores, the stock hit a 5 percent upper circuit at Rs. 13.1 on NSE, after a foreign portfolio investor (FPI) bought a 0.71 percent stake in the company.
As per the latest bulk deal available with the NSE, Zeta Global Funds (OEIC) PCC Limited – Zeta Series B Fund PC bought 10 lakh equity shares in Vipul Limited through an open market transaction. The deal was valued at approximately Rs. 1.21 crores, executed at an average price of Rs. 12.19 per share.
Marwadi Shares and Finance Limited was the counterparty in the transaction, offloading the same number of shares at the same average price.
The company reported a decline in revenue from operations, experiencing a year-on-year decrease of nearly 93 percent, falling from Rs. 157 crores in Q3 FY24 to Rs. 11.3 crores in Q3 FY25. Similarly, its net profit decreased by around 94 percent YoY from Rs. 63.2 crores to Rs. 3.7 crores.
The principal business activity of Vipul Limited is Real Estate Development, with a presence in the states of Haryana, Odisha and Punjab.
Written by Shivani Singh
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