Bulk Deals: 2 Stocks in Focus After ICICI Prudential Buys and SBI Mutual Fund Sells

Synopsis: ICICI Prudential mutual fund showed buying interest by acquiring 21.82 lakh shares worth Rs. 207.3 Crores in a healthcare firm. Alongside this, SBI Mutual Fund has offloaded 90.09 lakh shares of  worth Rs. 216.3 Crores. 

A bulk deal is when a big investor or institution buys or sells a large chunk of a company’s shares during normal market hours. It must be at least 0.5% of the company’s total shares, so the trade is publicly visible. Because these deals are transparent, they often hint at what major investors are thinking. For regular investors, bulk deals act as useful signals to understand market sentiment and spot potential trends. Here are the firms in which  ICICI Prudential mutual funds and SBI mutual funds  have acquired and sold stakes, respectively: 

Entero Healthcare Solutions

Entero Healthcare saw mixed institutional activity in bulk deals, with ICICI Prudential Mutual Fund purchasing about 21.82 lakh shares, while Smallcap World Fund Inc sold around 22.70 lakh shares, both at ₹950 per share. The combined transaction value was around ₹415 crore, reflecting active churn among institutional investors without a major price deviation.

Entero Healthcare solutions is the authorised distributor for most of the top pharmaceutical companies in India which also has strategic supply relationship with some of the leading corporate hospital chains of the country. The company’s primary business is to distribute the health care products to retail pharmacies, hospitals and healthcare clinics in India. 

With the market capitalization of Rs. 4,339 crores, the shares of Entero Healthcare solutions Ltd has reached an intraday high of Rs. 1,020 per share ,  jumped upto 8 percent from its previous day close of Rs. 949 per share. The shares are trading at a P/E of 39.3, whereas industry P/E stands at 43.6 

Nazara Technologies

Nazara Technologies witnessed notable institutional selling as SBI Mutual Fund offloaded around 90.09 lakh shares through bulk deals on NSE and BSE at prices close to ₹240 per share. The total transaction value stood at approximately ₹216 crore, indicating partial profit booking or portfolio rebalancing by the fund house.

Nazara Technologies is one of the leading mobile games companies headquartered in Mumbai, mainly engaged in acquisition, value addition and distribution of mobile games across emerging markets such as India, Middle East, Africa and many more. This gaming company’s business operations mainly consist of  subscription business, freemium business and esports business. 

With the market capitalization of Rs. 9,314 Crores, the shares of Nazara technologies is trading at around Rs. 251 per share which is 31 percent discount from its 52-week high of Rs. 363 per equity share, and the shares are trading at a P/E of  10.8 whereas industry P/E stands at 21.7 

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