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Adani Ports, Tata Motors and Siemens Energy witness block deal action on Monday

by theadvisertimes.com
3 months ago
in Business
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Adani Ports, Tata Motors and Siemens Energy witness block deal action on Monday
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Block deal activity gathered pace on Monday, led by heavy institutional flows into Adani Ports and Special Economic Zone (APSEZ), where global funds collectively invested over Rs 7,400 crore. There were smaller block deals in stocks line Tata Motors (TMCV) and Siemens Energy India.

In APSEZ, Capital Group International All Countries Equity Trust acquired 2.46 crore shares worth Rs 4,021 crore at Rs 1,632.45 apiece. It was joined by Capital Income Builder, which bought shares worth Rs 617 crore, and Europacific Growth Fund, which picked up shares valued at Rs 2,848 crore. The seller in all these transactions was Worldwide Emerging Market Holding Limited, indicating a sizeable stake transfer between institutional investors.

In TMCV, BNP Paribas purchase 7.18 lakh shares worth Rs 29 crore at Rs 405.80 each, while Goldman Sachs offloaded an equivalent stake. Similarly, Siemens Energy India witnessed a Rs 29 crore block deal, with BNP Paribas acquiring 89,240 shares at Rs 3,256.80 apiece from Goldman Sachs Bank Europe SE.

Adani Ports shares today ended at Rs 1,742.60, gaining by Rs 85.30 or 5.15%. The stock today hit its 52-week high of Rs 1,748.60 on the NSE. APSEZ shares have gained nearly 40% over the past 12 months.

Shares of Tata Motors today ended at Rs 412.90, gaining by Rs 3 or 0.73% while Siemens Energy India settled at Rs 3,320.70, gaining 41.90 or 1.28%.

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Domestic stock markets ended higher on Monday with BJP all set to win states of West Bengal and Assam and wrest back the Union Territory of Puducherry. Sectorally, financials, pharma and metal let the bulls. While the 50-stock Nifty surged 121.75 points or 0.51% to finish at 24,119.30, Sensex gained 0.46% points or 355.90 points to settle at 77,269.40.Also read: Mauritius-based entity sells Rs 289 crore worth shares in Emcure Pharmaceuticals via block deal; Norges Bank acquirer(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)



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