Bulk Deal: MCAPL sold Foce India shares, Padmavati sold stake in Moksh Ornaments
- Hitesh Amrutlal Patel bought 96,000 equity shares in Debock Sale Marketing Ltd
- Mark Corporate Advisors Pvt Ltd sold 60,000 shares in Foce India Limited
- Smita Jain sold 84,800 equity shares in DP Wires Limited at Rs 264.17 per share
Altura Capital Advisors LLP bought 5,09,217 equity shares and Authum Investment & Infrastructure Limited sold 4,30,000 equity shares in ADF Foods at Rs 856.99 and Rs 857 per share on the NSE, according to the bulk deals data on Tuesday.
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Hitesh Amrutlal Patel and Nanalal Bhanji Dudhaiya bought 96,000 and 66,000 equity shares in Debock Sale Marketing Ltd at Rs 128 and 127.45 per share respectively, while Ramesh Bhandappa Munnoli sold 48,000 shares at Rs 127.69 apiece on the NSE, the bulk deals data showed.
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Mark Corporate Advisors Pvt Ltd sold 60,000 shares and Shiv Parvati Leasing Limited bought 54,000 equity shares in Foce India Limited at Rs 226 and Rs 225.87 per share respectively on the NSE.
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Krishan and Padmavati Investment each sold 3,39,434 and 4,00,000 shares in Moksh Ornaments Limited at Rs 44.7 and Rs 44.66 per share respectively, while Anupam Gupta bought 4,04,963 equity shares at Rs 44.7 apiece on the NSE.
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Tushar Rameshchandra Mehta sold 96,132 equity shares in Veto Switchgear Cable Ltd at Rs 118.99 apiece, Kalpesh Javerilal Oswal bought 32,000 equity shares in Party Cruisers Limited at Rs 77.31 per share on the NSE, the bulk deals data showed.
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Smita Jain sold 84,800 equity shares in DP Wires Limited at Rs 264.17 per share and Avirat Enterprise dumped 59,150 equity shares Banaras Beads Ltd at Rs 95.94 per share on the NSE.
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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.
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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.
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