Bulk deals: Cell Point (India), Olectra Greentech, Ideaforge Techno sees large buying and selling; details here

Here is the list of major deals that took place on July 07:

Cell Point (India):

Cell Point (India) witnessed a huge bulk deal on Friday with Ajay Salvi exiting the Consumer Discretionary sector offloading 10,33,200 shares at ₹70.06 per share.

whereas, as per the NSE data, Ankit Mahendrabhai Parlesha, Malti Salvi, NNM securities, bought 10,84,800 equity shares at a price of ₹ 71.80 apiece.

Olectra Greentech:

On NSE, in a block deal, Client Elixir wealth management, Aakraya research, Graviton Research Capital, NK Securities Research, bought 38,92,202 equity shares.

Ideaforge Techno:

Also, on NSE, Graviton Research Capital bought and sold 2,73,689 shares in Ideaforge Techno for a price of 1,292.77 apiece.

NK Securities Research Private was the largest buyer with 7,41,071 equity shares in the company at ₹1,307.69 and sold at ₹1,308.70 per share.

Time Technoplast:

Crony Vyapar bought and sold 28,56,993 and 24,22,101 shares respectively at price of 129.49 and 129.22 per share in this Capital Goods stock respectively on NSE.

Reliance Power:

On NSE, Hrti private bought 2,16,21,858 equity shares at ₹15.25, while Hrti private sold 2,21,15,041 equity shares in the company. The transaction was done at ₹ 15.28 per share.

Sunteck Realty:

While NK Securities Research Private, Graviton Research Capital, QE Securities, bought a total of 1,04,66,062 equity shares in the company at ₹ 329 apiece on NSE.

Eris Lifesciences:

On NSE, block deal was seen in Eris Lifesciences as HDFC Mutual fund bought 20,25,000 equity shares, while Shah Rakesh sold 27,00,000 equity shares in the company. The transaction was done at ₹ 697 per share.

Mr. Ajit Mishra, SVP – Technical Research, Religare Broking said that, “Markets witnessed profit taking on Friday and shed nearly a percent, tracking feeble global cues. After the initial downtick, Nifty tried to inch higher but pressure in the index majors across sectors pushed the index lower as the day progressed. Consequently, it settled closer to the day’s low at 19331.80 levels.

Most sectors ended lower wherein FMCG, realty and energy were among the top losers. The broader indices too witnessed a dip and lost in the range of 0.5%-0.9%.The decline has engulfed Thursday’s bullish move and indicates the possibility of consolidation in Nifty ahead. The key is to manage positions amid the consolidation phase as we generally see volatility swings. We thus recommend keeping a check on position size and maintaining strict risk management rules in place.”

Updated: 07 Jul 2023, 10:51 PM IST