Shares of Edelweiss Financial Services and Greaves Cotton have rallied more than 6% each in otherwise subdued market on back of huge bulk deals in these counters.
Edelweiss Financial Services has rallied 12% to Rs 38.50 on the BSE. A combined 8.8 million shares representing 1.86% of total free-float equity of the company have changed hands against an average sub 150,000 shares that were traded daily in past two weeks.
According to market reports, two blocks, each of 3.7 million shares have changed hands via bulk deals.
Greaves Cotton has surged 7% to Rs 81.15 on back of over two-fold jump in trading volumes. A combined 3.03 million shares have changed hands on the counter so far on the BSE and NSE.
About 1% of equity traded or 2.4 million shares have changed hands in two block deals. The name of the buyers and sellers are not immediately known.