Bulk, block deals on March 12: Kaynes Technology, Shaily Engineering, Enviro Infra Engineers, others record large deals; details

These bulk and block deal orders are large transactions which are usually carried out by institutional investors or non-institutional investors during a particular trading session on the Indian stock market. Retail investors do not get to take part in block or bulk deals as the trade volumes have to be based on a sizeable amount of wealth.

For trades to qualify for a bulk deal, the buy or sell transaction has to be 0.5% of the total outstanding shares of the company in a single trading day, while in case of block deals, the volume of trade has to be a minimum order size of ₹10 crore in a day.

Block deals on NSE

Kaynes Technology India shares recorded three block deal transactions on Thursday where Bluepearl Map sold 69,148 shares at an average trade price of ₹3,614.40 apiece, Kadensa Master Fund sold 46,934 shares at a price of ₹3,614.40, while BoFA Securities Europe SA purchased 1,16,082 shares at the same trade price.

Along with Kaynes Tech, India Grid Trust also witnessed a block deal where Neo Real Asset Yield Fund purchased 15,43,840 shares of the entity at an average trade price of ₹162.68 apiece, which was sold by Sankhya Financial Services Pvt. Ltd on March 12.

Data showed that there were no block deals carried out on the BSE on Thursday.

Bulk deals data

Company stocks like Shaily Engineering, Happiest Minds Tech, and Enviro Infra Engineers, were among others which witnessed bulk deals during the market session on March 12.

BSE data showed that Smallcap World Fund Inc. purchased 6,43,000 shares of Shaily Engineering via a bulk deal on Thursday. The trade was executed at an average price of ₹1,879 apiece.

Among others on the exchange was Pearl Green Clubs and Resorts or PGCRL stock which witnessed multiple bulk transactions where Krishna Trade Finance sold 18,000 shares at ₹130.44, Jhala Rekhadevi VijaySingh sold 50,400 shares at ₹135.57, Anchal Bansal sold 13,800 shares in two tranches at ₹133.14 and ₹130.59 trade price on Thursday.

On NSE, Happiest Minds Tech witnessed an 8,04,489 share sell order at a trade price of ₹412.20 from HRTI Pvt Ltd, and purchased 8,34,293 shares at a price of ₹410.09 apiece. In another bulk deal, Junomoneta Finsol Pvt Ltd sold 9,16,248 shares at a trade price of ₹413.04, and bought 9,17,095 shares at a trade price of ₹412.86.

Junomoneta Finsol also sold 9,57,185 shares of Enviro Infra Engineers on Friday at an average trade price of ₹164.20 per share, and they also bought 9,62,709 shares at a price of ₹164.11 apiece.

Enviro Infra also recorded a bulk deal from NK Securities Research, which sold 11,00,923 shares at a price of ₹164.44 after buying the same quantity of shares for ₹164.41 during Thursday’s market.