Stock Performance:
- Decline: Over 7% in early trading on December 3, 2024.
- Block Deal Impact: A block deal worth ₹386 crore triggered the drop.
- Shares Traded: Approximately 21.4 lakh shares (2.55% of the company’s equity).
- Price Per Share: ₹1,800, representing a 5.9% discount to the prior day’s closing price.
- Recovery: By 10:45 AM, the stock partially recovered to ₹1,826.1 per share, still down 4.5% on the NSE.
- This large-scale transaction exerted downward pressure on the stock.However, by mid-morning, the stock showed signs of recovery, trading at ₹1,826.1 per share on the NSE, although still down 4.5%.