Shares of Amagi Media Labs, Tube Investments, Shanthi Gears and Shadowfax Technologies were trading mixed on Friday, August 21, after participating large trades. While Amagi Media Labs and Shanthi Gears were trading with gains, Tube Investments and Shadowfax Tech stocks were trading lower.
Amagi Media LabsA total of 1.05 crore shares of Amagi Media Labs or 4.85% of its equity worth ₹587 crore changed hands at ₹560 per share in the pre-market block deal window on Friday. At the end of the June quarter, promoter entities held 15% stake in the company while public shareholders held 85% stake.
Shares of Amagi Media Labs are trading 5.2% higher on Friday, having cooled slightly from the highs of the day, at ₹606.4. The stock has now extended its gains to 75% so far since its listing. Tube InvestmentsThe company acquired an additional 2.7% stake in Shanthi Gears via block deals.
At the end of the June quarter, promoter entities held 70% stake in Shanthi Gears, while 30% comprised of public shareholding. Promoter Tube Investments held 70.46% stake, as per data available on the exchanges. While shares of Shanthi Gears have surged as much as 18.6% on Friday after the transaction to ₹458.75, those of Tube Investments have declined to the lows of the day, trading 0.8% lower at ₹2,906.7.
Shadowfax TechnologiesAs much as 1.3% of its equity changed hands via block deals on Friday. At the end of the first quarter, promoter entities held 17% stake in the company while public shareholders held 83% stake. After having declined as much as 5% after the block deal to make an intraday low of ₹244.6, shares of Shadowfax Technologies have recovered most of those losses, currently trading 1.3% lower at ₹254.7.