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.
Here are the stocks that experienced price fluctuations due to buying or selling activities by foreign institutional investors (FIIs) and domestic institutional investors (DIIs):
Zaggle Prepaid Ocean Services Limited
With a market cap of Rs. 4,446.7 crores, the shares of a SaaS fintech player providing spend management products and solutions surged 1.7 percent on BSE to Rs. 368.85 on Tuesday, as against its previous closing price of Rs. 362.55.
According to the 19th August bulk deal data available with the NSE, the domestic investor Zuzu Software Services LLP offloaded 48.9 lakh equity shares in Zaggle Prepaid Ocean Services, at an average price of Rs. 361.23 per share, resulting in a total transaction value of over Rs. 176 crores.
The company has reported a significant growth in revenue from operations, with a 113.5 percent YoY rise from Rs. 118 crores in Q1FY24 to Rs. 252 crores in Q1FY25.
Similarly, the net profit jumped by 750 percent YoY from Rs. 2 crores to Rs. 17 crores, during the same period.
The shares of Zaggle Prepaid Ocean Services delivered multibagger returns of nearly 129 percent in one year and around 67 percent returns year-to-date.
Incorporated in 2011, Zaggle Prepaid Ocean Services is a leading player in spend management, with a differentiated value proposition and diversified user base. It operates in the B2B2C segment with a diversified offering of financial technology products and services.
Zaggle is one of the largest number of issued prepaid cards in India in partnership with its banking partners and has a diversified portfolio of SaaS products, including tax and payroll software, and a wide touchpoint reach.
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Shriram Finance Limited
With a market cap of Rs. 1.19 lakh crores, the shares of one of India’s largest retail asset financing NBFC surged 3.2 percent on BSE to hit a new 52-week high at Rs. 3,175 on Tuesday.
According to the 19th August block deal data available with the NSE, the foreign investors BoFa Securities Europe SA and Societe Generale purchased a combined total of 5.92 lakh shares in Shriram Finance, at an average price of Rs. 2,981.5 per share, bringing the total deal value at nearly Rs. 176.7 crores.
However, on the seller side, Marshall Wace Investment Strategies – Eureka Fund offloaded the same number of shares at the same average price.
The company has reported a significant growth in revenue from operations, with a 20 percent YoY rise from Rs. 8,003 crores in Q1FY24 to Rs. 9,605 crores in Q1FY25.
Similarly, the net profit jumped by 18.6 percent YoY from Rs. 1,712 crores to Rs. 2,031 crores, during the same period.
The shares of Shriram Finance delivered positive returns of nearly 72.2 percent in one year as well as around 55 percent returns year-to-date.
Established in 1979, Shriram Finance Limited, formerly known as Shriram Transport Finance Company Limited, is a part of Shriram Group and a finance provider for small road transport operators and small business owners. It is a leader in organised financing of pre-owned commercial vehicles and two-wheelers.
Shriram Finance has a vertically integrated business model and offers financing number of products which include passenger commercial vehicles, loans to MSMEs, tractors & farm equipment, gold, personal loans and working capital loans etc.
Prudent Corporate Advisory Services Limited
With a market cap of Rs. 9,875.5 crores, the shares of an independent retail wealth management services group engaged in distributing a wide range of financial products surged 2.8 percent on BSE to Rs. 2,445.05 on Tuesday.
According to the 19th August bulk deal data available with the NSE, the foreign investor Societe Generale purchased 2.75 lakh equity shares in Prudent Corporate Advisory Services, at an average price of Rs. 2,450 per share, resulting in a total transaction value of nearly Rs. 67.3 crores.
However, the promoter and the promoter group, Sanjay Rameshchandra Shah and Rameshchandra Chimanlal Shah offloaded around 4.12 lakh shares and entirely 6.12 lakh shares in the company, at an average price of Rs. 2,450.05 and Rs. 2,450, respectively. The total value of these transactions amounted to around Rs. 251.04 crore.
The company has reported a significant growth in revenue from operations, with a 51 percent YoY rise from Rs. 165 crores in Q1FY24 to Rs. 249 crores in Q1FY25.
Similarly, the net profit jumped by around 57.2 percent YoY from Rs. 28 crores to Rs. 44 crores, during the same period.
The shares of Prudent Corporate Advisory delivered multibagger returns of nearly 109 percent in one year and around 98.5 percent of positive returns year-to-date.
Prudent Corporate Advisory Services Limited is mainly engaged in the business of advisory and distribution of various mutual funds existing in India, and also acts as a stockbroker and an agent/broker for real estate and distribution of other financial products like bonds, deposits, debentures, loan against securities, PMS products, unlisted shares, AIFs, NPS, structure products etc.
Ujjivan Small Finance Bank Limited
With a market cap of Rs. 8,373.5 crores, the shares of this small finance bank surged 6.5 percent on BSE to Rs. 43.98 on Tuesday.
According to the 19th August bulk deal data available with the NSE, the domestic investor Ardisia Limited offloaded 1.7 crore equity shares in Ujjivan Small Finance Bank, at an average price of Rs. 41.11 per share, resulting in a total transaction value of nearly Rs. 69.8 crores.
The company has reported a significant growth in revenue from operations, with a 25.3 percent YoY rise from Rs. 1,287 crores in Q1FY24 to Rs. 1,577 crores in Q1FY25.
However, the net profit declined by 7 percent YoY from Rs. 324 crores to Rs. 301 crores, during the same period.
The shares of Ujjivan Small Finance Bank delivered negative returns of nearly 12.5 percent in one year as well as around 24.3 percent returns year-to-date.
Ujjivan Small Finance Bank Limited is a mass market-focused small finance bank in India, serving the financially unserved and underserved segments and is committed to building financial inclusion in India.
Zomato Limited
With a market cap of Rs. 2.32 lakh crores, the shares of one of the well-known and sole food delivery app company listed on the stock exchanges slumped 2 percent on BSE to hit an intraday low at Rs. 257.1 on Tuesday.
As per a few sources, the shares of Zomato worth Rs. 5,438.5 crores were sold in a block deal on August 20th. This involved 21 crore equity shares, or a 2.4 percent stake in Zomato, executed at a floor price of Rs. 258 per share.
On August 19, it was reported that Antfin Singapore Holdings, an arm of Alibaba Group, was planning to divest a 2 percent stake (or 18.5 crore equity shares) in Zomato through a block deal worth $556 million (about Rs. 4,650 crores), at a floor price of Rs. 251.68 per share, according to the reports.
Earlier reports had suggested Antfin Singapore Holdings was considering selling a 1.54 percent stake valued at $408 million.
The sale will initiate a 90-day lock-in period during which Antfin cannot engage in further equity transactions. According to the latest shareholding data, Antfin Singapore Holding holds a 4.24 percent stake in Zomato.
The company has reported a significant growth in revenue from operations, with a 74 percent YoY rise from Rs. 2,416 crores in Q1FY24 to Rs. 4,206 crores in Q1FY25.
Similarly, the net profit jumped by 12550% YoY from Rs. 2 crores to Rs. 253 crores, during the same period.
The shares of Zomato delivered multibagger returns of nearly 193.4 percent in one year as well as around 111.5 percent returns year-to-date.
Incorporated with the name DC Foodiebay Online Services Private Limited, Zomato Limited has two core business-to-customer (B2C) offerings – Food delivery and Dining-out, in addition to business-to-business (B2B) offering and Hyperpure.
Written by Shivani Singh
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