The following is a list of three stocks that witnessed notable price movements during Tuesday’s trading session, following significant bulk deal transactions executed on the stock exchanges on 30th June. These fluctuations reflect investor sentiment and market reactions to the large-scale buying or selling activities observed during the period.
Jyoti CNC Automation Limited
With a market cap of Rs. 24,065 crores, the stock moved up by nearly 1.5 percent on BSE, rising to Rs. 1,075.4 on Tuesday. As per the latest bulk deal on NSE, Kotak Funds.
India Midcap Fund bought around 37.9 lakh equity shares, equivalent to a 1.67 percent stake, in Jyoti CNC. The deal transaction was valued at nearly Rs. 412.2 crores, executed at an average price of Rs. 1,087 per share.
Jyoti CNC Automation Limited is engaged in only business of manufacturing and selling metal cutting computer numerical control (CNC) machines and is one of the largest manufacturers of metal cutting CNC machines.
One Mobikwik Systems Limited
With a market cap of Rs. 1,895 crores, the stock moved up by nearly 2.4 percent on BSE, rising to Rs. 251.7 on Tuesday. Foreign Institutional Investor (FII), Citigroup Global Markets Mauritius Pvt. Ltd., offloaded around 4.43 lakh equity shares, equivalent to a 0.57 percent stake, in One Mobikwik Systems via a bulk deal on NSE. The deal transaction was valued at nearly Rs. 11 crores, executed at an average price of Rs. 246.23 per share.
One Mobikwik Systems Limited is a fintech company – one of the largest mobile wallets and (MobiKwik Wallet) and Buy Now Pay Later (BNPL) players in India based on mobile wallet GMV and BNPL GMV, respectively.
The company is a technology-first company operating in the payments and financial services platform. It is presently focused on addressing the unmet credit needs of the fast-growing online transactors by combining the convenience of everyday mobile payments with the benefits of Buy Now Pay Later (BNPL).
PB Fintech Limited
With a market cap of Rs. 82,912 crores, the stock moved down by nearly 2 percent on BSE, falling to Rs. 1,791.35 on Tuesday. BNP Paribas Financial Markets bought 99,994 equity shares, equivalent to a 0.02 percent stake, in PB Fintech via a block deal on BSE. The deal transaction was valued at nearly Rs. 18.2 crores, executed at an average price of Rs. 1,819 per share. On the sell side, foreign investor Morgan Stanley Asia (Singapore) PTE offloaded the same number of shares at the same average price.
PB Fintech Limited is engaged in providing integrated online marketing and IT consulting and support services largely for the financial services industry, including insurance. It operates Policybazaar, India’s largest digital insurance marketplace and Paisabazaar, which provides services related to lending products.
Written by Shivani Singh
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