A substantial block trade in Metro Brands shares has been reported. The transaction involved 59.5 lakh (5.95 million) shares, representing approximately 2.1% of the company’s equity, changing hands at a price of ₹1,260 per share.
This block deal, executed in the block deal window, amounts to a total value of approximately ₹750 crore. The significant size of this trade indicates notable institutional activity in Metro Brands stock. The deal’s value, at ₹750 crore, underscores its importance in the context of Metro Brands’ market activity. The price of ₹1,260 per share could suggest positive sentiment or strategic importance for the parties involved in the transaction.
Investors and market analysts may want to monitor for any potential impact on the stock’s price and trading volume in the regular market session. This large trade, representing over 2% of the company’s equity, could provide insights into institutional perspectives on Metro Brands and may influence market sentiment towards the stock.
