On October 1, 2024, Plutus Wealth Management executed a bulk deal to acquire 75 lakh shares in SpiceJet. These shares were purchased at an average price of Rs 66.7 per share. Following this transaction, SpiceJet's stock witnessed a significant surge, closing at Rs 68.13, up by 6.95 percent on the NSE.
Nexpact and AG Dynamic Funds Deal in Tiger Logistics Shares
Simultaneously, Nexpact Limited sold 19.69 lakh shares of Tiger Logistics (India) at an average price of Rs 62.75. AG Dynamic Funds Limited matched this acquisition by purchasing the exact same number of shares at the same price. Despite the transaction, Tiger Logistics' stock saw a slight decrease, closing 0.11 percent lower at Rs 62.99 on the BSE.
Jana Small Finance Bank Sees Bulk Deal Activity
In a separate transaction, Deepi Rupinder Singh Arora bought 3.61 lakh shares in Jana Small Finance Bank for Rs 580.15 per share. On the other side of the trade, Par Solar offloaded the same number of shares at the same average price. The stock of Jana Small Finance Bank showed a minor dip of 0.91 percent, closing at Rs 574.3 on the NSE.
These bulk deals highlight the continued interest of large institutional investors in key sectors such as aviation, logistics, and banking, underscoring the market's dynamic nature amidst fluctuating prices.
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