Shares of Motilal Oswal Financial Services Ltd surged over 4% in early trade on June 4, following a significant block deal worth over Rs 360 crore. The transaction involved 0.6% of the company’s total equity and appears to have boosted investor sentiment on the counter.
The stock opened higher and touched an intraday high of Rs 836.30 before trading around Rs 828.55, up 3.15% from the previous close of Rs 803.25. The rally was supported by strong volumes, with over 2.86 million shares traded, significantly above the stock’s daily average.
As per exchange data, the day’s trading range was between Rs 806.45 and Rs 836.30. The company’s market capitalization currently stands at approximately Rs 498.99 billion.
The identity of the buyer and seller involved in the block deal has not been disclosed yet, but such high-value trades often signal renewed institutional interest or a strategic reshuffling of holdings.
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