Hi Valuepickr, back with the analysis
5th Bulk Deals Log
Date: 06th December, 2023
Links:
NSE: https://www.nseindia.com/report-detail/display-bulk-and-block-deals
The bulk deals on NSE were from 5th of December and the ones on BSE weren’t as interesting again. So focusing on the NSE deals only that weren’t covered last time here.
- Emkay Global Financial Services
Unlike the common perception, I think investment banks have their own cycle linked with low interest rates and not directly with market performance. This company has seen renowned investors like Ajay Upadhyay enter, so it is definitely something interesting. Clover Infotech has bought 1,50,000 shares of the company at 121.65.
- Inox Green Energy
Citadel securities India markets private limited entered this stock. They bought 14L shares at Rs.77.95 This has seen good performance in the past. But I wouldn’t be so interested at these valuations.
- Reliance Power
Hriti Private Limited, which mostly acts like a scalper has invested in this company. They bought more than 3 Crore shares at Rs. 21.52. Mathew Cyriac invested in this company earlier so it does seem like something interesting is happening, but I personally think it is a high beta stock, which would be badly affected if the markets fall. Again however, valuations are definitely in favour for this company.
I promised to study Narmada Agrobase and Akash Dhiman’s buying and selling last time. However, there are some issues I’m facing with accessing this week’s data, but I’ll be sure to share that in the next post.
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