Shares of Granules India gained nearly 5% on Wednesday after a large block deal involving approximately 15.3 lakh shares was executed on the exchanges, boosting investor interest in the pharmaceutical stock.
Granules India shares rose as much as 4.8% during the session to around Rs 792 after the bulk transaction was reported in the market. The stock also touched its fresh 52-week high during intraday trade.
As per exchange data, nearly 15.3 lakh shares changed hands in a block deal. However, the identities of the buyers and sellers were not immediately known at the time of reporting.
Large block deals often attract market attention as they indicate significant institutional activity or stake reshuffling among major investors. Such transactions can also lead to higher trading volumes and increased short-term volatility in the stock.
Granules India has been witnessing strong momentum in recent months, with the stock rallying sharply amid optimism around the company’s pharmaceutical business and earnings outlook.
The company currently commands a market capitalisation of around Rs 1.95 lakh crore, while the stock was among the most actively traded pharma counters during Wednesday’s trading session.
Investors will now closely monitor any subsequent disclosures regarding the block deal participants and whether the transaction reflects fresh institutional accumulation or stake dilution by an existing shareholder.
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