NSE Bulk deals, January 5: APOLLO, MANGLMCEM, UMA and other major deals that took place on Thursday Sawarnbhumi Vanijya Pvt Ltd sold 1,57,021 shares of Apollo Micro Systems Ltd (APOLLO) at Rs 332.96 per share. Nikunj Stock Brokers Ltd sold 57,000 shares of Arham Technologies Ltd (ARHAM) at Rs 74.24 per share. Nitalben Brijeshbhai Patel sold 11,32,500 shares of Gyscoal Alloys Ltd (GAL-RE) at Rs 0.16 per share. 7M Developers LLP sold 35,07,703 shares of Godha Cabcon Insulat Ltd (GODHA) at Rs 1.80 per share. Nikunj Stock Brokers Ltd sold 52,700 shares of KHFM Hos Fac Mana Ser Ltd (KHFM) at Rs 55.14 per share. Preeti Jain bought 5,51,301 shares of Kshitij Polyline Ltd (KSHITIJPOL) at Rs 28.02 per share. Navodya Enterprises sold 2,86,069 shares of Mangalam Cement Ltd (MANGLMCEM) at Rs 295.60 per share. Rohan Gupta sold 54,000 shares of Omfurn India Ltd (OMFURN) at Rs 50.21 per share. Multiplier Share & Stock Advisors Pvt Ltd sold 60,000 shares of Rbm Infracon Ltd (RBMINFRA) at Rs 52.43 per share. Saurabh P GandhiHUF sold 71,379 shares of Tembo Global Ind Ltd (TEMBO) at Rs 131.84 per share. Jaysukhbhai Thathagar sold 2,12,000 shares of Uma Converter Ltd (UMA) at Rs 33.63 per share. A bulk deal is one in which the total number of shares purchased or sold exceeds 0.5% of the company’s share capital. A bulk deal can be completed using either the usual trading window or the block trading window. If a bulk deal is conducted through the block window, the trade must be notified to the exchange promptly. If the total buy or sale of a sliced order during the day exceeds 0.5% of the share capital, the bulk deal must be disclosed to the exchange within 1 hour after closing the trade.
However, that doesn’t take into account the fact that geopolitical tensions on the Middle East are undeniably rising again which will mean limited downside.”
In the U.S., oil drilling rigs were up by one at 501 last week, Baker Hughes said in its weekly report.JPMorgan forecasted 26 oil rigs to be added this year, most of them in the Permian during the first half of the year.
“The timing of drilling is paramount, as rig additions at the start of the year will contribute to 2H24 production growth,” the bank’s analysts said in a note.
“Despite an impressive 1 mbd of crude and condensate production growth in 2023, we expect 2024 supply to increase by only 400 kbd due to lower completions activity levels vs 2023.”