Bulk Deals: DSP Mutual Fund picks up 14.7 lakh shares in APL Apollo Tubes; stock ends flat

At least dozens of companies’ shares witness a change of hands in an otherwise negative market on Thursday. In this, APL Apollo Tubes saw maximum buzz as DSP Mutual Fund bought 14,72,076 equity shares in the company at Rs 900 per share on the NSE, as per the bulk deals data. 

APL infrastructure Pvt Ltd and Rahul Gupta sold 30,01,870 and 15,01,000 equity shares in APL Apollo Tubes Ltd at Rs 900.04 and Rs 900.32 per share on the NSE, according to the bulk deals data.  

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The shares of APL Apollo Tubes Ltd ended flat with a negative bias down 0.68 per cent to Rs 902.15 per share on the BSE. 

Patel Holdings sold 5,94,832 equity shares in Patel Integrated Logistic at Rs 2.75 per share, while Kolita Mohan picked up 12,14,915 equity shares in Vikas Lifecare Limited at Rs 1.1 per share on the NSE, the bulk deals data. 

The shares of Patel Integrated Logistic jumped over 9.5 per cent to Rs 16.05 per share on the BSE, while Vikas Lifecare surged over 40 per cent to Rs 1.19 per share on the BSE. 

A deal where the total quantity of shares bought or sold is greater than 0.5 per cent of the share capital of the company is called bulk deal. It can be transacted either through the normal trading window or through the block trading window. 

The Indian markets closed negative on Thursday for the third straight session, as the Sensex dropped over 400 points and the Nifty below the 17900-level at the close. The decline was mainly led by the bank, auto, financial service, and pharma stocks as each down over 1 per cent at the market close today.  

As many as 8 stocks advanced and 42 declined on the Nifty at the close. SBI plunged most by around 3 per cent, followed by ONGC down over 2.5 per cent. While Bajaj Finserv, SBI Life, Tech Mahindra each are down between 2-2.5 per cent at the market close today.