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Avenue Supermarts, Tech Mahindra gain after block deals

By: business-standard.com 6 months ago
Avenue Supermarts, Tech Mahindra gain after block deals

Tech Mahindra was up 5% at Rs 497, bouncing back 6% from early morning low on the NSE, while Avenue Supermarts too moved higher by 5% to Rs 1,176 on the BSE in intra-day trade.

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Shares of Avenue Supermarts, which owns and operates retail chain, and IT consulting & software company have moved higher by upto 6% on the bourses after the huge block deals executed on these counters.

was up 5% at Rs 497, bouncing back 6% from early morning low on the National Stock Exchange (NSE). Till 01:51 PM; around 6.35 million equity shares representing 0.65% stake in the company changed hands on the NSE, the exchange data shows.

too moved higher by 5% to Rs 1,176 on the BSE in intra-day trade, after more than two million shares changed hands through block deals. Around 2.2 million shares or 0.35% of total equity of the company changed hands so far, the BSE data shows.

The name of the buyers and sellers were not ascertained immediately.

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