Stay updated with breaking news from Electronics Mart. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Polycab's entry will bring inflows worth $194 million into the stock. Paytm's parent One97 Communications could see $167 million worth inflow, said Nuvama
On Thursday, 2,169 stocks advanced, 1,500 declined and 123 remained unchanged on the Bombay Stock Exchange (BSE), with advance decline ratio of 1.45, indicating a positive closing of stocks in broader markets.
In the large cap segment, 15 companies witnessed significant block deals on the screen which were worth Rs 5,677 crore led by HDFC Bank with a 40 block counts totalling to Rs 1,571 crore. The next in line were ICICI Bank (Rs 870 crore), Tube Investments of India (Rs 589 crore), Kotak Mahindra Bank (Rs 394 crore) and Reliance Industries (Rs 339 crore).
A total of 96.2 lakh shares, representing 2.5 percent equity, changed hands in the block deal window.
"We have seen some names which are looking quite promising, something like a Stylam, Venus Pipes, etc. So, we are evaluating a lot of names, but are yet to have a formal coverage on those. But yes, things are looking very promising from a small and midcap side, still the way businesses are."