Shares of Alkem Laboratories will be in focus today as a large block deal is expected on the counter.
According to deal terms, promoter entity Jayanti Sinha is likely to sell a 1.42 percent stake in the company via a block deal.
The total deal size is estimated at around Rs 825 crore.
The floor price for the block has been set at Rs 4,850 per share, which represents a 3 percent discount to the current market price.
Axis Capital is the broker managing the deal.
Investors will be watching stock movement through the day as the block is executed and absorbed in the market.
Disclaimer: This article is for informational purposes only and does not constitute investment advice.
