Manappuram Finance Executes Rs. 50.04 Crore Block Trade on NSE
Manappuram Finance Ltd. completed a major NSE block trade worth Rs. 50.04 crores, involving 1,743,707 shares at Rs. 287.00 per share. This substantial institutional transaction reflects significant market activity and capital movement in the financial services company's stock.
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Manappuram Finance Ltd. executed a substantial block trade on the National Stock Exchange (NSE), marking a significant transaction in the financial services sector. The large-scale trade reflects considerable institutional activity in the company's shares.
Transaction Details
The block trade involved substantial volume and value, demonstrating significant market interest in the financial services company.
| Parameter: | Details |
|---|---|
| Total Transaction Value: | Rs. 50.04 crores |
| Number of Shares: | 1,743,707 shares |
| Price Per Share: | Rs. 287.00 |
| Exchange: | NSE |
Market Implications
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 to avoid impacting the stock's market price through large single orders. The execution of such a substantial block trade indicates meaningful institutional activity in Manappuram Finance shares.
About the Transaction
The transaction price of Rs. 287.00 per share for approximately 1.74 million shares represents a significant capital movement. Block trades of this magnitude often signal portfolio adjustments by large investors or institutional rebalancing activities. Such transactions are closely monitored by market participants as they can provide insights into institutional sentiment toward the stock.
Historical Stock Returns for Manappuram Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.87% | -6.89% | -3.43% | +6.65% | +36.68% | +61.64% |
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