Dalal Street witnessed five major block deals during Wednesday’s trading session. Stocks including Welspun Corp, Physicswallah, Groww, Viyash Scientific and Rubicon Research witnessed shares worth over ₹6,000 crore change hands in large trades on Wednesday.
Welspun CorpA total of 63 lakh shares, or 2.4% of Welspun Corp's equity, worth ₹1,433 crore changed hands in a block deal window. A day prior, CNBC-TV18 had reported, citing sources that promoter group Welspun investments and Commercials and CEO-MD Vipul Mathur were likely to sell around 63 lakh shares or 2.4% equity of the company worth ₹1,417 crore in block deals at an offer price of ₹2,250 apiece.
At the end of the June quarter, promoters and public shareholders held 50% stake each in the company. Of this, promoter group Welspun Investments and Commercials held 2.56% stake, as per data available on the stock exchanges. Shares of Welspun Corp were trading 5.3% lower at ₹2,221.8 apiece at 10.30 am on Wednesday.
The stock has gained 38.9% in the past month and is up 178.9% this year, so far. PhysicswallahA total of 4.67 crore shares of Physicswallah or 1.6% of its equity worth ₹550 crore changed hands in a block deal window on Wednesday. At the end of the first quarter, promoter entities held 71% stake in the company while public shareholders held the remaining 29% stake, as per data available on the exchanges.
Shares of Physicswallah were trading 3.4% up at ₹125.42 apiece at 10.32 am on Wednesday. The stock has gained 2% in the past month and is down 5.3% this year, so far. GrowwA total of 12.74 crore shares or 2.1% equity of Billionbrains Garage Ventures, the parent company of Groww, worth ₹2,500 crore changed hands in block deals on Wednesday.
A day prior, CNCB-TV18 reported, citing sources that Ribbit Capital had launched a block deal in the stock to sell a 1.6% stake in the Groww parent company for ₹1,914 crore. At the end of the first quarter, rpomoters held 27% sstake, while public shareholders held 72% stake in Groww.
Of this, Ribbit Capital's holding was at 5.64% stake, as per stock exchange data. Groww shares were trading 3.6% lower at ₹195.65 apiece at 10.36 am on Wednesday. The stock has declined 1.7% in the past month and is up 26.1% this year, so far. Viyash ScientificAs many as 3 crore shares or more than 10% equity of Viyash Scientific worth ₹1,390 crore changed hands in block deals on Wednesday.
At the end of the June quarter, the promoter entities held 61% stake in the company while public shareholders held 39% stake, as per data available on the stock exchanges. Shares of Viyash Scientific were trading 5.3% lower at ₹263.45 apiece at 10.39 am on Wednesday.
The stock has risen 1.4% in the past month and is up 27.2% this year, so far. Rubicon ResearchAs many as 1.3 crore shares or 7.85% equity of Rubicon Research changed hands in a block deal window on Wednesday. At the end of the first quarter, promoter entities held 60% stake in the company while public shareholders held 40%, as per data available on the exchanges.
Shares of Rubicon Research were trading 4.9% up at ₹1,793 apiece at 10.41 am on Wednesday. The stock has gained 15.2% in the past month and has surged 165.04% this year, so far.