Bulk Deals: JM Financial dumps 2 lk shares in Mawana Sugars for 2nd straight session

As many as four companies’ shares witnessed a change of hand through bulk deals on Wednesday, in this regard, Raviraj Developers Ltd picked up 2,32,000 equity shares from JM Financial in Mawana Sugars Limited at Rs 85.75 per share on the NSE, as per the bulk deals data. 

JM Financial sold over 2 lakh shares in the company for the second straight session on Wednesday. 

Mawana Sugars shares on Wednesday ended almost 4 per cent to Rs 83.9 per share on the BSE. 

Similarly, ASL Enterprises Limited sold 2,48,000 equity shares to Sunayana Investment Company Limited in ASL Industries Limited at Rs 24 per share on the NSE, the bulk deals data showed. The stock on Wednesday gained over 1 per cent to Rs 24 per share on the NSE 

CNM Finvest Private Limited offloaded 1,67,075 equity shares in One Point One Sol Ltd at Rs 52.55 per share. Similarly, individual investor Yogesh Kumar Gawande sold 1,09,556 equity shares in Univastu India Limited at Rs 66.01 per share on the NSE, as per the bulk deals data. 

Shares of One Point One Solution hit an upper circuit of 5 per cent to Rs 52.55 per share on the NSE, while Univastu India Limited shares declined by over 3 per cent to 63.95 per share on the NSE. 

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 termed a bulk deal. It can be transacted either through the normal trading window or through the block trading window.