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The stock market consists of various participants who engage in buying and selling numerous shares. These participants can be categorized into retail investors, large investors, and institutional investors. Retail investors are typically smaller investors, while large investors are individuals with high net worth.
Institutional investors encompass entities such as investment banks, pension funds, hedge funds, and mutual funds. The trading behaviour of these different types of investors in the stock market can vary significantly. Among the common transaction patterns observed among large and institutional investors, there are two types of deals they are block deals and bulk deals.
In the market, a block deal occurs when a transaction involves the sale and purchase of a minimum of 5 lakh shares or shares worth Rs 10 crore. In such deals, two interested parties, typically buyers and sellers, reach an agreement to trade shares at prices determined through mutual understanding.
In June 2023, several noteworthy block deals took place, capturing the attention of investors and analysts alike.
Following are the stocks where block deals happened last month. The list is synchronised as per date.
|
Date |
Symbol | Company Name | Quantity Traded | Average Traded Price | Percentage Change in Price on Block deal day | 1-Month return % |
| 01-Jun-23 | HCG | Healthcare Global Enterprises Ltd | 35,75,000 | 320 | 1.59% | -0.69% |
| 13-Jun-23 | BAJAJFINSV | Bajaj Finserv Ltd | 1,50,000 | 1,480.00 | 1.38% | 5.77% |
| 15-Jun-23 | AXISBANK | Axis Bank Ltd | 2,25,00,001 | 968 | 0.06% | 6.06% |
| 16-Jun-23 | IIFL | IIFL Finance Ltd | 50,00,000 | 500 | 2.79% | 5.51% |
| 16-Jun-23 | KALYANKJIL | Kalyan Jewellers India Ltd | 6,41,02,561 | 113.1 | 14.80% | 33.23% |
| 21-Jun-23 | SHRIRAMFIN | Shriram Finance Ltd | 3,12,18,244 | 1,545.00 | 11.20% | 24.17% |
| 22-Jun-23 | CRAFTSMAN | Craftsman Automation Ltd | 8,00,000 | 3,960.00 | -0.14% | 5.02% |
| 22-Jun-23 | SANSERA | Sansera Engineering Ltd | 73,49,510 | 835 | 3.53% | 6.38% |
| 23-Jun-23 | LANDMARK | Landmark Cars Ltd | 50,16,364 | 658 | 8.27% | 5.35% |
| 23-Jun-23 | SWSOLAR | Sterling & Wilson Renewable Energy Ltd | 35,00,000 | 295.25 | -2.97% | 0.42% |
| 26-Jun-23 | INDNIPPON | India Nippon Electricals Ltd | 14,14,786 | 438 | 0.06% | 16.99% |
| 27-Jun-23 | SAPPHIRE | Sapphire Foods India Ltd | 30,18,015 | 1,377.10 | 1.39% | -4.09% |
| 30-Jun-23 | ERIS | Eris Lifesciences Ltd | 28,00,000 | 680 | 3.43% | 8.51% |
| 30-Jun-23 | SYRMA | Syrma SGS Technology Ltd | 29,17,857 | 439 | 1.07% | 15.63% |
| 30-Jun-23 | TDPOWERSYS | TD Power Systems Ltd | 35,37,980 | 221 | 10.71% |
19.37% |
Based on the provided data, the most significant block deals occurred in the shares of Kalyan Jewellers India Ltd on June 16. Approximately 6.4 Crore shares were traded, resulting in a substantial surge of 14.8% in the stock price on the same day. Whereas the stock has generated an impressive return of over 33% within just one month.
The second largest block deal took place in the shares of Shriram Finance Ltd on June 21, with around 3.12 Crore shares being exchanged. As a result, the stock experienced a notable upswing of 11.20% on the same day. Remarkably, this investment generated a return of over 24% in just one month.
Another significant block deal occurred in the shares of Axis Bank Ltd on June 15. Although the stock closed flat on that particular day, it has since produced a decent return of 6.06% over the course of the last month.
Block Deal plays a significant role in shaping the dynamics of the stock market. These large transactions, involving the buying or selling of a substantial number of shares, provide valuable insights into investor sentiment and market trends.
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