Nuvama saw a significant block trade early on, with 30 lakh shares, representing 8.4% of the company’s equity, being traded at a deal price of ₹7,025 per share. The transaction, valued at ₹2,100 crore, underscores strong market activity for the stock.
Stock Performance:
As of 9:18 AM, the following data reflects Nuvama’s stock movements:
- Open: ₹7,047.35
- High: ₹7,125.25
- Low: ₹6,851.00
- Previous Close: ₹7,297.35
- Current Price: ₹6,964.00 (-4.57%)
- Volume: 33,02,857 shares
The block deal appears to have contributed to significant trading volumes, with the stock witnessing price pressure shortly after market open.
This large transaction highlights investor interest and strategic movements within Nuvama’s shareholding structure. Further developments are awaited as the market reacts to this deal.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult a financial advisor before making any investment decisions.
