Axis Bank Limited sold 9,18,033 shares in MT Educare Ltd at Rs 7.77 per share on the NSE, the bulk deals data showed.

Individual investor Mahimtura Nishant Mitrasen sold 7,00,000 shares in Libas Consu Products Ltd at Rs 29.41 apiece and Anish J Saraf HUF and Visa Capital Partners bought 5,00,000 and 2,00,000 shares in the company at Rs 29.5 and Rs 29.2 apiece respectively.

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Anuradha Suri bought 94,593 shares in Silgo Retail at Rs 31.25 per share, while Gautam Kumar Chordia and Vanita Chordia each sold 92,392 and 2,00,000 shares in the company at Rs 31.57 and Rs 30.17 per share.

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In Jump Networks Limited, Diksha Mahesh Kothari sold 5,47,704 equity shares at Rs 7.69 per share and Harshawardhan Hanmant Sabale picked up 5,00,000 shares at 7.7 per share on the NSE, the bulk deals data portrayed.

Equity fund Alpha Leon Enterprises LLP bought 92,99,000 shares in Sintex Industries at Rs 9.55 per share and sold 22,50,000 shares in Visagar Polytex Ltd at Rs 1.1 per share on the NSE, according to the bulk deals data.

On an individual basis, Piyushkumar Thumar sold 3,00,000 shares in Bright Solar Limited at Rs 5.02 apiece and Rajvirdhan V sold 1,65,000 shares in LG Balakrishnan & Bros at Rs 492.97 a share, Ltd. First Overseas Capital sold 2,00,000 shares in Nidan Labs and Health Ltd Rs 61.91 apiece on the NSE, as per the bulk deals data on Monday.

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.