Despite a decline in the stock market last week, several heavyweight stocks witnessed significant block deals. In total, over ₹5,683 crore worth of block deals took place in prominent stocks, including industry giants like Reliance Industries and HDFC Bank. While the Nifty index saw a drop of 4.5%, the block deal segment remained active, with over three dozen companies from large-cap, mid-cap, and small-cap segments participating in these significant transactions.
In the large-cap segment, 15 companies saw major block deals worth ₹2,477 crore. Leading the pack was Reliance Industries, with a total block deal amount of ₹461 crore across eight separate transactions. Other key companies involved in block deals included Zomato (₹343 crore), ICICI Bank (₹312 crore), Bajaj Auto (₹241 crore), Godrej Consumer (₹171 crore), Kotak Mahindra Bank (₹160 crore), Nestlé India (₹137 crore), and HDFC Bank (₹114 crore).
Other notable companies like Axis Bank, Tech Mahindra, Cholamandalam Investment & Finance, HCL Technologies, Mahindra & Mahindra, State Bank of India, and HDFC Life Insurance also saw block deals ranging from ₹58 crore to ₹101 crore.
In the mid-cap segment, 10 companies recorded block deals worth ₹1,762 crore, with Ipca Laboratories leading the way with a deal size of ₹789 crore. Other notable companies in this segment included Oracle Financial Services (₹347 crore), Max Healthcare (₹270 crore), and Persistent Systems (₹116 crore). Additionally, companies like Zydus Lifesciences, Prestige Estates, Supreme Industries, Bharat Forge, Carborundum Universal, and Aditya Birla Fashion & Retail saw deals ranging from ₹50 crore to ₹37 crore.
In the small-cap segment, 10 companies saw block deals totaling ₹1,444 crore. The largest deal was with Godrej Industries at ₹323 crore, followed by Suzlon Energy at ₹307 crore, and Shoppers Stop at ₹220 crore. Other small-cap stocks like Five-Star Business Finance, Prataap Snacks, Stylam Industries, Granules India, Wockhardt, Global Health, and Jubilant Pharma also saw significant transactions ranging from ₹132 crore to ₹56 crore.
Despite the market dip, the active block deal activity reflects strong investor interest and potential opportunities in various sectors of the Indian stock market.
