Bulk Deals Bi-Weekly Log

Bulk Deals Daily Log

12th Bulk Deals Log

Date: 19/07/2024

NSE Link: https://www.nseindia.com/report-detail/display-bulk-and-block-deals

BSE Link: BSE Equity : Bulk Deals

I think the NSE site will be updated by tomorrow for the bulk deals. Let me just take you through the BSE bulk deals for now.

1. Goblin India

The brief story looks something like this for the company: It is a retailer of luxury luggage that defaulted on loans in 2022, restructured them and has recently announced expansion in production. The sales and profit uptrend post the default is clearly visible and now they have a big investor, Dheeraj Lohia who has bought some shares. It looks slightly tricky with the small market cap, but is definitely worth a look.

Investor who bought: Dheeraj Kumar Lohia

Number of Shares: 1 Lakh Shares

Average Price: 42.27

2. Hemant Surgical Industries Limited

This company sells medical equipments to several clients outside of India. One of their clients is Japanese and another is Chinese. Which makes me think they are doing something right both with regards to product quality and costs. This can be an interesting company to look into although the sales not growing as fast could be a concern. But there are huge volumes in the share and a sharp upward movement, I wonder what is happening.

Investor who bought: Gaurishankaar Jhalani

Number of shares: 75,200

Average Price: 203.83

3. Navkar Corporation

Full Disclaimer: This is a story I have an investment in.

Basically it is a poorly run port based logistics company that was taken over by JSW through an open offer. JSW is a big player in the ports ecosystem, second only to Adani. The company was taken over near a book value valuation, JSW has the capacity to turn it around, with a big investor entry, I believe, they also have the intention to execute the turnaround. Margin of safety is ensured only when you buy close to the open offer price or the book value.

Investor who bought: Stallion Asset Private Limited

Number of Shares: 17.16 Lakh Shares

Average Price: 125.3

I’ll post the other list, which is all about the breakout stocks that Quant Firms traded once the data for NSE is available too, it is not showing on their website yet.

Stay tuned for the next log.