Newly listed HP Adhesives shares change hands in bulk deals; Force India, Bombay Metrics SC among others who witness maximum buzz

Recently listed HP Adhesives Limited was among the companies which witnessed significant action on Wednesday as shares changed hand in bulk deals during open market transaction. A dozen other companies' stocks including Force India, Bombay Metrics SC Ltd, Kotyark Industries were among the newsmakers.

BW Traders bought 1,09,394 equity shares in HP Adhesvies at Rs 364.47 per share - a second such instance of bulk buys. Meanwhile, Rajasthan Global Securities Pvt Ltd sold 2,23,000 shares in HP Adhesives at Rs 364.6 per share respectively on the NSE, the bulk deals data showed.

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Similarly, Intellect Developers Private Limited bought 43,800 equity shares and Mark Corporate Advisors Pvt Ltd sold 99,600 equity shares in Force India at Rs 225.99 and Rs 226 per share on the NSE, the bulk deals data mentioned.

While in Bombay Metrics SC Ltd, Avirat Enterprise picked up 12,000 shares and individual investor Raj Kumar Jain dumped 10,800 shares at Rs 129.23 and Rs 128.22 per share respectively on the NSE, the bulk deals data pointed out.

Individual investors such as Vimalchand A bought 50,000 equity shares and Malay Rohitkumar Bhuw sold 98,000 shares in Kotyark Industries Ltd at same price of Rs 150.8 per share on the NSE.

Similarly, Narain Kumar Gupta HUF bought 4,15,000 shares and Pro Fin Capital Services Ltd sold 3,89,617 shares in Moksh Ornaments Limited at Rs 44.5 and 44.45 per share on the NSE, the bulk deals data showed on Wednesday.

Second largest public sector bank Bank of Baroda sold 19,44,149 shares MSP Steel & Power Limited at Rs 10.93 per share; Similarly, Mansingh Hotels And Resorts Limited bought 10,00,000 shares in SMC Global Securities Ltd at Rs 75.29 per share on the NSE, according to the bulk deals data.

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.