This week, 11 large-cap stocks, including RIL and Zomato, are expected to witness block deals, according to The Economic Times. Block deals are transactions of a large number of shares or securities that are privately negotiated between two parties outside of the open market.
RIL, one of India’s largest conglomerates, and Zomato, a popular food delivery platform, are among the companies set to see block deals. This could indicate significant interest from institutional investors or major stakeholders looking to buy or sell large quantities of these companies’ stocks.
DailyBubble sees these block deals as a reflection of the confidence and activity in the market for these particular stocks. It is important for investors to keep an eye on such transactions, as they can provide insights into the sentiments and movements within the market. It will be interesting to see how these block deals impact the share prices and overall performance of these companies in the coming days.