KAUSHIK MAHESH WAGHELA bought 49,600 shares in Atal Realtech Limited at Rs 108.75 per share on the NSE.
NISHANT PITTI sold 5,50,000 shares in BLS Intl Servs Ltd at Rs 247.10 per share on the NSE.
NIRZAR ENTERPRISES sold 7,00,464 shares in Hind. Oil Exploration at Rs 188.59 per share on the NSE.
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WF ASIAN RECONNAISSANCE FUND LIMITED sold 6,98,922 shares in IIFL Wealth Mgmt Ltd at Rs 1714.05 per share on the NSE.
NAVODYA ENTERPRISES bought 1,02,224 shares in SML Isuzu Limited at Rs 585.96 per share on the NSE.
LOK PRAKASHAN LTD bought 1,04,871 shares of Star Paper Mills Ltd at Rs 172.94 per share on NSE.
WINRO COMMERCIAL INDIA LIMITED bought 14,00,000 shares of Welspun Corp Limited at Rs 181.06 per share on 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.
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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.
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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.