ABB India Ltd. Records Rs. 29.11 Crore Block Trade on NSE
ABB India Ltd. recorded a major block trade on NSE worth Rs. 29.11 crores, involving approximately 47,858 shares at Rs. 6083.50 per share. This institutional transaction reflects significant investor activity in the engineering and technology company's stock.
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ABB India Ltd. witnessed a significant block trade transaction on the National Stock Exchange (NSE), marking notable trading activity in the engineering and technology company's shares.
Transaction Details
The block trade involved substantial volume and value, reflecting significant institutional or bulk investor activity in ABB India's stock.
| Parameter: | Details |
|---|---|
| Total Transaction Value: | Rs. 29.11 crores |
| Number of Shares: | ~47,858 shares |
| Price per Share: | Rs. 6083.50 |
| Exchange: | NSE |
Market Significance
Block trades typically represent large-scale transactions between institutional investors, often executed outside the regular market to minimize price impact. Such transactions indicate substantial investor interest and can reflect portfolio rebalancing, strategic investments, or institutional fund movements.
The execution price of Rs. 6083.50 per share represents the agreed-upon value between the participating parties for this bulk transaction. The approximate volume of 47,858 shares demonstrates the scale of this institutional trading activity.
Company Context
ABB India Ltd. operates as a leading engineering and technology company, serving various industrial sectors. The significant transaction value of Rs. 29.11 crores underscores the company's substantial market presence and investor appeal in the engineering and automation space.
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