Bulk Deals: Rakesh Jhunjhunwala picks stake in Indiabulls Housing on Tuesday; buys stake from RARE Enterprises, company backed by him
Billionaire investor Rakesh Jhunjhunwala has bought 35,00,000 equity shares in Indiabulls Housing Finance company during Thursdays session through open market transaction from RARE Enterprises at Rs 219 per share on the NSE, the bulk deals data showed.
Billionaire investor Rakesh Jhunjhunwala has bought 35,00,000 equity shares in Indiabulls Housing Finance company during Thursday’s session through open market transaction from RARE Enterprises at Rs 219 per share on the NSE, the bulk deals data showed.
RARE Enterprises is also backed by the ace investor.
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The celebrity investor Rakesh Jhunjhunwala, who is also known as the Big Bull of the Indian stock market, along with his wife and Associates publicly holds around 38 stocks with a net worth of over Rs 36,315.3 crore, as per the stock analysis website Trendlyne.
BNP Enterprises has sold 2,40,021 equity shares in Lasa Supergenerics Ltd at Rs 74.92 per share; while individual investor Ramesh Bhandappa Munnoli bought 60,000 equity shares in Debock Industries Limited at Rs 121.14 per share on the NSE, the bulk deals data showed.
Similarly, Emerging India Growth Fund has sold 80,000 equity shares in MITCON Con & Eng Ser Ltd at Rs 75.4 per share on the NSE, the bulk deals data showed.
Penny stocks such as Visesh Infotecnics Limited, Magnum Ventures Limited, Libas Consu Products, Sical Logistics Limited, Supreme Engineering, and Vaswani Ind among others made an appearance in the bulk deals data on Thursday 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 called bulk deal. It can be transacted either through the normal trading window or through the block trading window.
“Nifty50 breached its 50 EMA and touched 17648 levels. The last hour of the session witnessed some smart recovery but finally it closed with losses of around 180 points,” Chandan Taparia, Vice President, Derivatives Motilal Oswal Financial Services said.
He further added, “The index formed a Bearish candle on daily scale and has been forming lower lows from the last three sessions. Now till it remains below 17850 zones, weakness could be seen towards 17650 and 17500 whereas hurdles exists at 17950 and 18081 marks.”
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