Bulk Deals: Recently listed PolicyBazaar, SJS Enterprises in thick of the action in otherwise lackluster Monday trading

Even as stock markets ended on a lackluster note, certain shares were in the thick of the action. At least dozens of companies witnessed their stocks changing hands. However, recently listed SJS Enterprises and PolicyBaazar turned out to be the showstoppers. 

Global investors including Credit Suisse and Goldman Sachs were among the top players in the action. While, Credit Suisse Singapore Limited dumped 365,607 shares at Rs 530.78 per share, and Goldman Sachs Funds bought 2,54,786 shares at Rs 527.04 per share in the company. 

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Meanwhile, SI Investments Broking Pvt Ltd also picked up 300,000 equity shares at Rs 542.32 per share and individual investor Rasmikantbhai Thakkar sold 2,48,981 equity shares at Rs 542 per share in the company on the NSE, as per the bulk deals data. 

SJS Enterprises’ shares saw a muted debut on the exchanges at Rs 540 per share as same as the issue price of Rs 542 at an upper end. The three-day IPO was launched between 1-3 November 2021. The stock eventually ended over 5 per cent lower to Rs 509 per share on the BSE. 

Similarly, Capital Research and Management bought 34,18,354 equity shares at Rs 1192.96 per share in PB Fintech-backed PolicyBazaar on the NSE, as per the bulk deals data. PolicyBazaar shares were listed at a 17 per cent higher premium to Rs 1150 per share and it closed over 4.5 per share to Rs 1202.9 per share on the BSE today. 

On an individual basis, Vinod Somani HUF sold 34,000 shares at Rs 316.74 per share in BEW Engineering Limited; Harshawardhan Hanmant Sabale bought 5,95,312 shares in Jump Networks Limited at Rs 7.37 per share; Sirca Paint India Limited bought 1,63,874 shares in Sirca Paint India Limited at Rs 435.74 per share on the NSE, the bulk deals data showed. 

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