NSE Bulk deals, January 3: MCX, Mangalam Cement, KHFM and other major deals that took place on Tuesday Bhartiben Labhahankar Ghuria sold 8,33,330 shares of Ajooni Biotech Ltd (AJOONI) at Rs 6.31 per share. Sunil Kumar Gupta HUF bought 45,000 shares of Arham Technologies Ltd (ARHAM) at Rs 67.45 per share. Gaurang Jitendra Parekh sold 76,800 shares of Atal Realtech Ltd (ATALREAL) at Rs 74.41 per share. Wealth First Portfolio Managers Pvt Ltd sold 55,864 shares of HEC Infra Projects Ltd (HECPROJECT) at Rs 63.40 per share. Anant Aggarwal bought 54,600 shares of Homesfy Realty Ltd (HOMESFY) at Rs 274.09 per share. Ravindra Malinga Hegde sold 65,100 shares of KHFM Hos Fac Mana Ser Ltd (KHFM) at Rs 51.30 per share. SW Capital Pvt Ltd bought 60,000 shares of Krishna Def and Ald Ind Ltd (KRISHNADEF) at Rs 158.66 per share. Navodya Enterprises sold 1,59,443 shares of Mangalam Cement Ltd (MANGLMCEM) at Rs 300.10 per share. Norges Bank – Government Pension Fund Global bought 3,38,000 shares of Multi Commodity Exchange (MCX) at Rs 1482.59 per share. Rajesh Kumar Singla bought 60,000 shares of Pritika Eng Compo Ltd (PRITIKA) at Rs 41.44 per share. Collate Dealers Pvt Ltd sold 5,00,000 shares of Suumaya Industries Ltd (SUULD) at Rs 36.50 per share. Jaysukhbhai Thathagar bought 1,92,000 shares of Uma Converter (UMA) at Rs 34.88 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.
Retail inflation in milk was reported at 8.85% in May 2023. The milk inflation has remained elevated at over 6% since August 2022. Despite India being the largest milk producer since 1998, the commodity has been the second biggest factor after cereals such as rice and wheat in driving up retail inflation in the last fiscal.
Milk has the second highest weight in the food and beverages basket of the consumer price index at 6.61%, a notch lower than cereals and products with a 9.67% weight. Organised players, including Mother Dairy and Amul, hiked prices multiple times in the last one year citing higher fodder cost, robust demand and some impact due to reports of lumpy skin disease.
Industry sources said feed cost, which has a share of more than 65% in the cost of production of milk, has increased to Rs 20/kg from Rs 8 a year ago. The finance ministry in April had attributed the elevated milk inflation to a demand supply mismatch and said it could be one of the factors apart from volatile international crude oil prices and constrained supplies of milk would influence the country’s inflation trajectory.
“Milk production has been impacted by a lumpy skin disease infecting millions of cattle in late 2022,” the ministry said in the monthly economic review, adding that the vaccination drive against the disease is expected to curb the spread and immune the cattle against the skin disease.
According to official data, currently India is the world’s largest milk producer, and has a share of 23% in global milk production. For the first time in decades, the country’s milk production is likely to have stagnated in 2022-23 due to Lumpy Skin Disease in cattle across several states and the lagged effect of Covid-19 in the form of stunting of the animals, a senior official with department of animal husbandry and dairying recently had stated. The milk production was estimated at 221 million tonne in 2021-22.