These recent D-Street debutants soar up to 8% post bulk deals today
Shares of Aadhar Housing Finance and TBO Tek which made their D-Street debut on Wednesday (May 15, 2024) remain in the spotlight today primarily amid bulk deals in both the counters.
Shares of Aadhar Housing Finance and TBO Tek which made their D-Street debut on Wednesday (May 15, 2024) remain in the spotlight today primarily amid bulk deals in both the counters.
In the housing finance company, ace investor Akash Bhanshali bought 22 lakh shares at an average price of Rs 319.06 per share, which signifies a discount of over 3 per cent from the last close. Alongside, Blue Diamond Properties-affiliated with Bhanshali also bought 23 lakh equity shares in the counter at an average price of Rs 315.04 in a bulk deal executed yesterday on the NSE.
As per the Trendlyne data, Bhanshali publicly holds 20 stocks with a net worth of over Rs 5,534.1 crore.
In TBO Tek, a travel agency company, Goldman Sachs acquired 6.53 lakh shares, equating to 0.6 per cent equity, at Rs 1,411.35 per share, a minor premium in comparison to the previous close, in bulk deals carried out yesterday on the NSE.
Furthermore, Nomura Funds bought 6 lakh equity shares or 0.55 per cent stake at Rs 1,391.06.
Besides, Norges Bank, on account of the Government Pension Fund Global, bought 8.68 lakh shares in the entity at an average price of Rs 1,424.61, via open market transactions on May 15.
At around 12:18 am, shares of Aadhar Housing Finance traded higher by over 7 per cent, while at day’s high it scaled to Rs 355.90, rising 8 per cent. Meanwhile, TBO Tek was trading higher by over 4 per cent at Rs 1,463.75, while at day’s high it scaled to Rs 1473.
TBO Tek delivered stellar performance on its debut, rising 53 per cent to settle at Rs 1,406.30 on the NSE. Nevertheless, Aadhar Housing Finance mirroring subdued sentiment in the equity markets made a tepid debut.
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