Block Trades: Avenue Supermarts, Ashok Leyland, Indus Towers, HDFC Bank, Axis Bank, Patanjali Foods see significant shares change hands today

The National Stock Exchange (NSE) witnessed several significant block trades today, with major companies such as Avenue Supermarts, HDFC Bank, and Axis Bank seeing large quantities of shares change hands.

Below is a summary of the most notable trades:

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Company Name Value of Block Trade (₹ Crores) Shares Traded Price (₹)
Avenue Supermarts Ltd 99.17 2,06,930 4,792.25
HDFC Bank Ltd 80.24 4,76,919 1,682.50
HDFC Bank Ltd 80.95 4,80,465 1,684.90
Patanjali Foods Ltd 23.49 1,42,435 1,649.00
Axis Bank Ltd 205.40 17,34,849 1,183.95
Axis Bank Ltd 103.50 8,76,929 1,180.30
Ashok Leyland Ltd 35.67 15,30,068 228.21
FSN E-Commerce Ventures Ltd 19.52 10,14,526 192.45
Indus Towers Ltd 38.27 10,08,885 379.30
Havells India Ltd 117.57 5,98,325 1,964.95
Bajaj Auto Ltd 59.92 51,166 1,1710.00
ICRA Ltd 21.28 29,978 7,100.00
Max Healthcare Institute Ltd 62.14 6,64,442 935.25

Key Highlights:

  • Avenue Supermarts Ltd saw the highest value block trade today, with ₹99.17 crore worth of shares changing hands at a price of ₹4,792.25 per share. A total of 2,06,930 shares were traded in this transaction.
  • HDFC Bank Ltd was involved in two significant block trades. The first involved ₹80.24 crore for 4,76,919 shares traded at ₹1,682.50 per share, followed by another trade worth ₹80.95 crore for 4,80,465 shares at ₹1,684.90.
  • Axis Bank Ltd witnessed two large block trades, with the larger of the two worth ₹205.40 crore involving 17,34,849 shares traded at ₹1,183.95 per share. An additional ₹103.50 crore trade occurred for 8,76,929 shares at ₹1,180.30 per share.
  • Ashok Leyland Ltd and Indus Towers Ltd also saw considerable activity, with Ashok Leyland recording ₹35.67 crore in block trades for 15,30,068 shares at ₹228.21 per share, and Indus Towers trading ₹38.27 crore worth of shares.
  • Other notable trades included Havells India Ltd with ₹117.57 crore traded for 5,98,325 shares at ₹1,964.95, and Max Healthcare Institute Ltd, which saw ₹62.14 crore worth of shares traded at ₹935.25.

Block trades, usually executed by institutional investors, represent a large number of shares being traded outside of the open market, often at negotiated prices. These trades can indicate significant market activity and investor sentiment, impacting stock prices in the short term.

Disclaimer: The data provided is for informational purposes and should not be construed as investment advice.