Bulk, block deals on March 10: Nazara Tech, Aegis Vopak, Cupid, Apollo Pipes, others record large deals; Details

Large scale investors or institutional investors carry out bulk or block deal orders during any particular trading session on the stock market. While retail investors take part in regular stock trading, the large scale investors trade with a large volume or with sizeable amount of wealth.

Bulk deal is a trade where more than 0.5% of the total number of outstanding shares of a stock is purchased or sold on the stock market in a single trading session. While block deal refers to a large volume of trades through a single transaction of a minimum order size of ₹10 crore.

Block deals on NSE

Aegis Vopak Terminals shares witnessed a block deal where Morgan Stanley Asia Singapore Pte sold 15,91,705 shares at an average trading price of ₹192.38 apiece, which was then purchased by BNP Paribas Financial Markets on Tuesday.

Nazara Technologies stock also recorded a block deal where Think India Opportunities Master Fund LP sold 28,85,000 shares of the company at an average price of ₹239.80, which was bought by Morgan Stanley Asia Singapore Pte.

Block deals on BSE

Federal Bank recorded a block deal on BSE where BNP Paribas Financial Markets sold 3,398,195 shares for an average trade price of ₹276 apiece, which was then purchased by Societe Generale during Tuesday’s market.

Societe Generale also purchased 680,931 shares of Indian Bank at an average trade price of ₹925 apiece, which was sold by BNP Paribas Financial Markets via a block deal.

National Aluminium Company shares also recorded a 1,427,094 shares block deal where BNP Paribas Financial Markets sold stake at an average trade price of ₹388 apiece, which was purchased by Societe Generale during Tuesday’s market.

BNP Paribas Financial Markets also sold 449,101 shares of State Bank of India stock at an average trade price of ₹1,114, which was again purchased by the French multinational financial services giant, Societe Generale.

Bulk deals

Companies like Agi Infra, Apollo Pipes, Cupid, Happiest Minds Techno were the major bulk deals on the NSE during the trading session on March 10.

Agi Infra shares recorded a 10,23,593 share bulk deal where Arihant Capital Markets bought a stake at an average trade price of ₹309.86 apiece, however, later Arihant also sold 838,606 shares at ₹309.60 during Tuesday’s market.

In case of Apollo Pipes stock, Junomoneta Finsol Pvt Ltd bought a total of 10,66,385 shares at an average trade price of ₹407.15. The company also sold 10,66,501 shares through another bulk deal at an average trading price of ₹407.32. Apollo Pipes stock has several other bulk deal transactions during Tuesday’s market session.

Others like Cupid Ltd shares recorded several bulk deals, the largest among them was from Graviton Research Capital LLP which bought 35,00,492 shares at an average trade price of ₹93.71, and then sold the same volume of ₹93.73.

Happiest Minds Techno also recorded major bulk deals on March 10, out of which the largest deal was from Musigma Securities which bought 10,13,348 shares at a price of ₹394.31, then later sold at an average price of ₹394.49 apiece.