When a smart money moves into a stock, the investor prefers buying it vast quantities to make sure he gets the right price. In this article, you will get to know what are bulk and block deals and the top ten bulk deals of Wednesday.
Both the exchanges namely National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have made it compulsory for all the listed companies to disclose daily the bulk and block deals to maintain transparency.
So if you are wondering what a bulk and block Deal is then let me clarify it
Bulk Deal – A company needs to disclose on all transactions in Security where the total quantity of shares bought/sold is more than 0.5% of the number of equity shares of the company listed on the stock exchange.