ABB India Records Rs. 61.66 Crore Block Trade on NSE
ABB India Limited executed a significant block trade on NSE worth Rs. 61.66 crores, involving approximately 100,942 shares at Rs. 6108.00 per share. The transaction reflects substantial institutional trading activity and demonstrates continued investor interest in the engineering and technology company's stock.
*this image is generated using AI for illustrative purposes only.
ABB India Limited recorded a substantial block trade transaction on the National Stock Exchange (NSE), highlighting significant institutional trading activity in the engineering and technology company's shares.
Transaction Details
The block trade involved key parameters that demonstrate the scale of institutional interest in ABB India's stock:
| Parameter: | Details |
|---|---|
| Total Value: | Rs. 61.66 crores |
| Number of Shares: | ~100,942 shares |
| Price Per Share: | Rs. 6108.00 |
| Exchange: | NSE |
Block Trade Significance
Block trades represent large-volume transactions typically executed by institutional investors, mutual funds, or other significant market participants. These transactions are conducted outside the regular market order book to minimize potential price impact on the stock. The substantial value of Rs. 61.66 crores indicates considerable institutional interest in ABB India's equity.
Market Activity
The execution price of Rs. 6108.00 per share reflects the premium valuation commanded by ABB India in the engineering and technology sector. Such large-scale transactions often signal strategic portfolio adjustments by institutional investors or potential changes in shareholding patterns among major stakeholders.
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