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Mutual Fund AMCs’ Bulk and Block Deals in February 2024

07 March 20246 mins read by Angel One
Devyani International, Sudarshan Chemical Industries and Avalon Technologies traded significantly through bulk and block deals in February.
Mutual Fund AMCs’ Bulk and Block Deals in February 2024
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February witnessed significant buying and selling on the BSE and NSE stock exchanges in bulk and block trades for Kalyan Jewellers India, Data Patterns, and Devyani International, among other companies. The equities were the centre of attention because of their technical and fundamental advancements. Data Patterns’ stock saw a 31% increase in value in February as a result of the bulk purchase.

When at least 5% of a company’s equity shares are traded all at once, it’s known as a bulk deal. Unlike block deals, these transactions can occur at any time during the regular trading period. A dedicated window does not need to open to conduct bulk transactions. That is feasible, though, during the block deal time.

Conversely, single trades with a minimum of 5 lakh shares or a value of Rs 10 crore are referred to as block deals. A block deal happens when two parties decide to purchase and sell at least this many shares at the same price.

Following are the 4 Mutual Fund AMCs which had bulk and block deals in February:

Franklin Templeton Mutual Fund

Franklin Templeton Mutual Fund has made bulk & block deals in Devyani International Ltd. and Kalyan Jewellers India Ltd. recently.

Stock Deal Type Action Date Avg. Price Quantity Traded %
Devyani International Ltd. Block Purchase 21-Feb-24 164.1 50,00,000 0.41%
Kalyan Jewellers India Ltd. Block Purchase 08-Feb-24 344.2 30,63,102 0.30%

HDFC Mutual Fund

HDFC Mutual Fund has made bulk & block deals in Data Patterns (India) Ltd. and Devyani International Ltd. recently.

Stock Deal Type Action Date Avg. Price Quantity Traded %
Devyani International Ltd. Block Purchase 21-Feb-24 164.1 7,50,000 0.06%
Data Patterns (India) Ltd. Block Purchase 16-Feb-24 1837 1,38,000 0.25%
Sudarshan Chemical Industries Ltd. Bulk Purchase 15-Feb-24 513.99 17,75,551 2.56%
Avalon Technologies Ltd. Bulk Purchase 08-Feb-24 474 14,31,000 2.18%

ICICI Prudential Mutual Fund

ICICI Prudential Mutual Fund has made bulk & block deals in CMS Info Systems Ltd. and Whirlpool of India Ltd. recently.

Stock Deal Type Action Date Avg. Price Quantity Traded %
CMS Info Systems Ltd. Bulk Purchase 27-Feb-24 370.05 19,47,116 1.24%
CMS Info Systems Ltd. Bulk Purchase 27-Feb-24 370.05 15,00,000 0.96%
CMS Info Systems Ltd. Bulk Purchase 27-Feb-24 370.05 12,16,947 0.78%
CMS Info Systems Ltd. Bulk Purchase 27-Feb-24 370.05 9,46,514 0.60%
Whirlpool of India Ltd. Bulk Purchase 20-Feb-24 1276.99 6,49,656 0.51%

SBI Mutual Fund

SBI Mutual Fund has made bulk & block deals in Whirlpool of India Ltd. and Campus Activewear Ltd. recently.

Stock Deal Type Action Date Avg. Price Quantity Traded %
Campus Activewear Ltd. Bulk Purchase 21-Feb-24 245 40,65,000 1.33%
Campus Activewear Ltd. Block Purchase 21-Feb-24 245 40,65,000 1.33%
Whirlpool of India Ltd. Bulk Purchase 20-Feb-24 1276.99 43,40,000 3.42%
Whirlpool of India Ltd. Bulk Purchase 20-Feb-24 1276.99 40,40,000 3.18%
Whirlpool of India Ltd. Bulk Purchase 20-Feb-24 1276.99 7,70,000 0.61%
Mankind Pharma Ltd. Block Purchase 08-Feb-24 2107.35 2,85,467 0.07%
Mankind Pharma Ltd. Block Purchase 08-Feb-24 2107.35 2,85,465 0.07%

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. The information is based on various secondary sources on the internet and is subject to change. Please consult with a financial expert before making investment decisions.

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