Shares of One MobiKwik Systems rose over 3% in early trade on Tuesday, April 28, following multiple block deals executed in the stock. The shares were trading around Rs 231.92, up Rs 6.94 from the previous close of Rs 224.98.
As per market data, a total of over 60 lakh shares changed hands through block deals, indicating significant institutional activity. In one transaction, 40,50,830 shares were traded at Rs 214 per share, amounting to approximately Rs 86.70 crore. In another deal, 20,33,195 shares were exchanged at the same price, aggregating to around Rs 43.50 crore.
Combined, the total value of these transactions stands at roughly Rs 130 crore, making it a notable development for the stock.
However, the identities of the buyers and sellers involved in these block deals remain undisclosed at this stage.
The stock reacted positively despite the discounted deal price compared to the current market price, suggesting strong demand or strategic accumulation interest.
This is a developing story, and further details regarding the participants and intent behind the transactions are awaited.
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