Shares of ZF Commercial Vehicle Control Systems India Ltd surged 4.71% in early trade on Thursday, reaching ₹13,950, following a significant block deal that saw 6 lakh shares, or 3.17% of the company’s equity, change hands for approximately ₹792 crore. The transaction was executed at a price of ₹13,191 per share, as per exchange data.
The stock had closed at ₹13,323 in the previous session and opened sharply higher today, with a day range of ₹13,800 – indicating strong buying interest post-deal. With this rally, the company’s market capitalization climbed to ₹261.75 billion.
ZF Commercial has a P/E ratio of 56.81 and a dividend yield of 0.14%. The stock’s 52-week range stands between ₹9,561 and ₹17,959.85, reflecting strong long-term investor interest.
The identity of the buyer and seller in the transaction has not been disclosed yet, but such high-value trades typically signal institutional rebalancing or strategic interest.
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