Adani Enterprises gains most from block deals this week. Know how ITC, Airtel, HDFC, others performed?

Adani Enterprises was the best performer on the Nifty50 in the week ended Friday, May 26 gaining over 30% during the five trading sessions. It was on the back of 61 block deals which fetched Rs 1,021 crore for the Ahmedabad-based company which has business interests in mining, solar manufacturing and water management among others. The deals were executed at an average price of Rs 2,531 and involved 40.34 lakh shares.

Star Health Insurance was the top loser and the stock fell 8.8% over the week. Overall 12 block deals were executed worth Rs 668 crore, according to a Nuvama report. Over 1.21 crore shares changed hands at an average price of Rs 551, this report said.

The block deals saw both buying and selling action.

During the week, 17 other stocks including ITC, Bharti Airtel, Hindustan Unilever, HDFC, Adani Transmission, Interglobe Aviation, Page Industries and Max Healthcare Institute witnessed significant bulk deal action, the Nuvama report said.

In value terms, 6 block deals worth Rs 1,098 crore were made in Max Healthcare, which was highest in the pack. The stock ended with declines of 0.9% over the week.

In ITC, 10 block deals were executed at an average price of Rs 436 involving 59.83 lakh shares. The deals were worth Rs 261 crore and stock gained 5.7% during the week.

As for Bharti Airtel, 7 block deals worth Rs 288 crore were executed during the week. Around 35.93 lakh shares changed hands at an average price of Rs 801. The stock ended with weekly gains of 1.5%.

HDFC witnessed 5 block deals worth 228 crore. A total of 861,000 shares at an average price of Rs 2,653 per share were transacted. The stock ended with weekly declines of 2.2%.

Another stock from Adani stable was Adani Transmission, where 6 block deals were executed at a cost of Rs 163 crore. The average price of share was Rs 898 and the finished with weekly gains of 8%.

Meanwhile, stock of PB Fintech which operates Policy Bazaar fell 3.9% during the week. Ten block deals worth Rs 790 crore were executed during this time. The average price of shares was Rs 609 and over 1.29 crore shares changed hands.

Another Nifty50 heavyweight, HUL saw execution of 5 block deals worth Rs 109 crore. The stock ended with gains of 0.4% on the weekly basis.

In the week gone by, Nifty50 gained 1.63% and was the second best performing index among MSCI Emerging Market peers. Taiwan 50 Index was the top gainer among the emerging markets.

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