VISHAL SINGH bought 46,800 equity shares in Debock Industries Limited at Rs 583.27 per share on the NSE, the bulk deals data showed.
MIKER FINANCIAL CONSULTANTS PVT LTD sold 81,000 shares of AAA Technologies Limited Rs 71.00 per share on NSE.
DELTA CORP LIMITED sold 2,83,024 shares in Advani Hotels & Resorts at Rs 90.39 per share on the NSE.
GAURAV CHORDIA bought 1,64,500 shares of Silgo Retail Limited at Rs 33.00 per share on NSE.
RAJEEV GOEL sold 1,00,000 shares in AKG Exim Limited at Rs 42.05 per share on the NSE.
RAMESH KOTI sold 1,00,000 shares in Ajooni Biotech Limited at Rs 82.13 per share on the NSE.
A bulk deal is one in which the total number of shares purchased or sold exceeds 0.5% of the company’s share capital. A bulk deal can be completed using either the usual trading window or the block trading window.
When a major FII, mutual fund, or HNI wishes to acquire a huge block of shares in a specific stock, they frequently choose to employ sliced trades throughout the day. This guarantees that businesses take full advantage of market volatility and are able to minimize their overall acquisition costs.
Similarly, in the event of bulk selling, the sliced strategy aids in obtaining a higher selling price. Bulk deals must be notified to the exchange by the broker who executes the trade.
If a bulk deal (exceeding 0.5% of the share capital) is conducted through the block window, the trade must be notified to the exchange promptly. If the total buy or sale of a sliced order during the day exceeds 0.5% of the share capital, the bulk deal must be disclosed to the exchange within 1 hour after the closing of the trade.