Block deal: BofA becomes buyer, Goldman seller in Nifty shares of ICICI Bank and Apollo Hospitals

Nifty stocks ICICI Bank and Apollo Hospitals witnessed separate block deals on Monday, with BofA buying shares worth Rs 19 crore and Rs 69 crore respectively, while Goldman Sachs was the seller.BofA bought 1,41,886 shares of ICICI Bank through its subsidiary BofA Securities Europe SA at a price of Rs 1,332 each, down 0.8% from Friday’s closing price of Rs 1,343 on the NSE. Meanwhile, Goldman Sachs sold as many shares through its arm Goldman Sachs Bank EuropeSE-ODI at Rs 1,332 each.

Shares of ICICI Bank today ended at Rs 1,346.80, up by Rs 3.80 or 0.28%.In a separate deal, BofA Securities bought 92,363 shares at a price of Rs 7,474 per share, which was a 2% discount to Friday’s closing price of Rs 7,642. Goldman was the buyer of the same number of shares.

Shares of Apollo Hospitals ended today at Rs 7,534, down by Rs 108 or 1.41%.

Also read: EPack Prefab bulk deal: BofA picks Rs 13 cr stocks in smallcap after stellar Q2ICICI Bank shares are currently trading below their 50-day and 200-day simple moving averages (SMAs) of Rs 1,383.6 and Rs 1,373.9 respectively, according to data from Trendlyne. A period of one year, which is an underperformance compared to Nifty Bank’s return of 12%. Meanwhile, it has slightly outperformed the benchmarks Nifty and BSE Sensex, whose returns are 6% and 5% respectively.

As for Apollo Hospitals Enterprise, the shares are trading below their 50-day SMA of Rs 7,749 but above their 200-day SMA of 7,144.5, according to Trendlyne. Apollo Hospital’s one year return is 1.5%.

Also read: RBL Bank bulk deal: Societe Generale buys shares worth Rs 101 crore

(Disclaimer: The recommendations, suggestions, views and opinions expressed by the experts are their own. These do not represent the views of The Economic Times.)